Crop

The biggest driver of crop premium rates set by the RMA for revenue products is price volatility.

Multiple peril crop insurance (MPCI) is currently the most common form of crop insurance in China.

In February 2020, the federal government of India implemented changes to the existing crop insurance program.

Agricultural insurance premiums in China have risen since government-funded subsidies were expanded in 2007.

Severe thunderstorm activity is particularly common in the U.S. Great Plains, Midwest, and Southeast.

The 2019 hail season in the U.S. garnered much attention from crop hail (re)insurers.

COVID-19 impacts the food supply chain and commodity prices.

Crops and livestock can face similar risks, but livestock is uniquely vulnerable to disease outbreaks.

U.S. Multiple Peril Crop Insurance covers loss of crop yields from natural causes including excessive moisture.

Crop insurance has been available for 30+ years but penetration is only 30-35%.