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Agricultural Insurance in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Agricultural Insurance Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | Apr 2016

Fertile ground: Revenue will rise as regulatory changes aid industry performance

IBISWorld’s Agricultural Insurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
ACE Group ACE Group market share
American Financial Group American Financial Group market share
Farmers Mutual Hail Farmers Mutual Hail market share
QBE QBE market share
RCIS RCIS market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 11-16
-3.3%
Annual Growth 16-21
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Profit
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Employment
18,912
Businesses
25
Industry Analysis & Industry Trends

Despite steep losses incurred in 2012, sharp increases in crop insurance protection in force and strong premium gains in 2011 have driven the performance of the Agricultural Insurance industry in the past five years. Moreover, regulatory changes are anticipated to dictate the industry's performance over the five years to 2019. The 2014 Farm Bill continues to solidify crop insurance as the most important means for farmers to hedge production and price risk. Ultimately, industry revenue is forecast to rise, with consistent increases in the agricultural price index driving up revenue from 2016 onward.... purchase to read more

Industry Report - Industry Analysis Chapter

Despite continued increases in crop insurance contracts and insured acreage, steep losses incurred in 2012 and 2013 have hurt performance for the Agricultural Insurance industry over the five years to 2016. Industry operators primarily provide crop insurance offerings, which protect against the loss of crops due to natural disasters, and the loss of revenue due to declines in agricultural commodity prices. Industry products are frequently described as the most important risk management tool for farmers. Nevertheless, in spite of increases in total crop contracts and insured acreage over the past five years, fluctuations in the price of premiums offered and the underlying agricultural commodities tied to those premiums has decreased revenue for industry operators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Agricultural Insurance Industry?

Agricultural insurance, also known as crop insurance is purchased by agricultural producers, including farmers, ranchers and others. It protects against either the loss of their crops due to natural disasters, such as hail, drought and floods, or the loss of revenue due to declines in the prices of agriculture commodities.

Industry Products
Multiple peril crop insurance - revenue programsMultiple peril crop insurance - other programsCrop-hail insurance
 
Industry Activities
Providing multiple peril crop insuranceProviding crop-hail insurance


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