Global Agriculture Reinsurance Market Size study, by Crop Insurance Type, by Product, by Type and Regional Forecasts 2022-2032

Description

Global Agriculture Reinsurance Market is valued at approximately USD 17.53 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 13.73% over the forecast period 2024-2032. Agriculture reinsurance involves transferring a portion of agricultural insurance liabilities from the primary insurer to a reinsurance company, which mitigates the risk of significant claims and catastrophic events. This process ensures the stability of insurers' financial performance and the provision of comprehensive coverage to farmers and agribusinesses. The increasing frequency of extreme weather events and supportive government subsidies drive the demand for reinsurance services. However, the complex nature of agricultural risks and regulatory constraints pose challenges for market growth. Nonetheless, advancements in climate risk modeling and tailored reinsurance products offer significant growth opportunities.

The global Agriculture Reinsurance Market is driven by several key factors. The growing incidence of extreme weather events necessitates robust risk management solutions, thereby increasing demand for reinsurance. Government subsidies and support programs make reinsurance more accessible to insurers, further bolstering market growth. The development of advanced predictive models for climate-related risks and customized reinsurance products for niche markets within agriculture are key growth drivers. However, the market faces challenges such as the complexity of agricultural risks, seasonal variations, and stringent environmental regulations on chemical use.

The key regions considered for the global Agriculture Reinsurance market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific region dominates the Agriculture Reinsurance market owing to the high reliance on agriculture, necessitating tailored insurance products for small-scale farmers. In the Americas, mature risk management practices and government-led crop insurance schemes drive market growth. Whereas, Europe is witnessing a significant CAGR owing to its well-established Common Agricultural Policy (CAP), growing investments in modernizing agricultural practices, and increasing demand for sophisticated insurance products influence market dynamics.

Major market players included in this report are:

Munich Re
Swiss Re
Hannover Re Group
AXA Group
Allianz Group
PartnerRe Ltd.
Scor SE
Everest Re Group Ltd.
Gallagher Re
Guy Carpenter & Company, LLC
African Reinsurance Corporation
AIR Worldwide Corporation
American Agricultural Insurance Company
Aon PLC
Arch Capital Group Ltd.

The detailed segments and sub-segment of the market are explained below:

By Crop Insurance Type:

Crop Price Reinsurance
Crop Revenue Reinsurance
Crop Yield Reinsurance

By Product:

Aquaculture Insurance
Bloodstock Insurance
Forestry Insurance
Greenhouse Insurance
Livestock Insurance
Managed Crop Hail Insurance
Multi-Peril Crop Insurance

By Type:

Excess-of-Loss Reinsurance
Facultative Coverage
Loss-occurring Coverage
Non-proportional Reinsurance
Proportional Reinsurance
Reinsurance Treaty
Risk-Attaching Reinsurance

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Agriculture Reinsurance Market Executive Summary

1.1. Global Agriculture Reinsurance Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Crop Insurance Type
- 1.3.2. By Product
- 1.3.3. By Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Agriculture Reinsurance Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Agriculture Reinsurance Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Frequency of Extreme Weather Events
- 3.1.2. Government Subsidies and Support Programs
- 3.1.3. Development of Advanced Predictive Models
3.2. Market Challenges
- 3.2.1. Complexity of Agricultural Risks
- 3.2.2. Seasonal Variations and Cyclic Prices
- 3.2.3. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Customized Reinsurance Products for Niche Markets
- 3.3.2. Technological Innovations in Climate Risk Assessment
- 3.3.3. Expanding Markets in Developing Regions

Chapter 4. Global Agriculture Reinsurance Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Agriculture Reinsurance Market Size & Forecasts by Crop Insurance Type 2022-2032

5.1. Segment Dashboard
5.2. Global Agriculture Reinsurance Market: Crop Insurance Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Crop Price Reinsurance
- 5.2.2. Crop Revenue Reinsurance
- 5.2.3. Crop Yield Reinsurance

Chapter 6. Global Agriculture Reinsurance Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Agriculture Reinsurance Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Aquaculture Insurance
- 6.2.2. Bloodstock Insurance
- 6.2.3. Forestry Insurance
- 6.2.4. Greenhouse Insurance
- 6.2.5. Livestock Insurance
- 6.2.6. Managed Crop Hail Insurance
- 6.2.7. Multi-Peril Crop Insurance

Chapter 7. Global Agriculture Reinsurance Market Size & Forecasts by Type 2022-2032

7.1. Segment Dashboard
7.2. Global Agriculture Reinsurance Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Excess-of-Loss Reinsurance
- 7.2.2. Facultative Coverage
- 7.2.3. Loss-occurring Coverage
- 7.2.4. Non-proportional Reinsurance
- 7.2.5. Proportional Reinsurance
- 7.2.6. Reinsurance Treaty
- 7.2.7. Risk-Attaching Reinsurance

Chapter 8. Global Agriculture Reinsurance Market Size & Forecasts by Region 2022-2032

8.1. North America Agriculture Reinsurance Market
- 8.1.1. U.S. Agriculture Reinsurance Market
  - 8.1.1.1. Crop Insurance Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Product breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Type breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Agriculture Reinsurance Market
  - 8.1.2.1. Crop Insurance Type breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Product breakdown size & forecasts, 2022-2032
  - 8.1.2.3. Type breakdown size & forecasts, 2022-2032
8.2. Europe Agriculture Reinsurance Market
- 8.2.1. U.K. Agriculture Reinsurance Market
- 8.2.2. Germany Agriculture Reinsurance Market
- 8.2.3. France Agriculture Reinsurance Market
- 8.2.4. Spain Agriculture Reinsurance Market
- 8.2.5. Italy Agriculture Reinsurance Market
- 8.2.6. Rest of Europe Agriculture Reinsurance Market
8.3. Asia-Pacific Agriculture Reinsurance Market
- 8.3.1. China Agriculture Reinsurance Market
- 8.3.2. India Agriculture Reinsurance Market
- 8.3.3. Japan Agriculture Reinsurance Market
- 8.3.4. Australia Agriculture Reinsurance Market
- 8.3.5. South Korea Agriculture Reinsurance Market
- 8.3.6. Rest of Asia Pacific Agriculture Reinsurance Market
8.4. Latin America Agriculture Reinsurance Market
- 8.4.1. Brazil Agriculture Reinsurance Market
- 8.4.2. Mexico Agriculture Reinsurance Market
- 8.4.3. Rest of Latin America Agriculture Reinsurance Market
8.5. Middle East & Africa Agriculture Reinsurance Market
- 8.5.1. Saudi Arabia Agriculture Reinsurance Market
- 8.5.2. South Africa Agriculture Reinsurance Market
- 8.5.3. Rest of Middle East & Africa Agriculture Reinsurance Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Munich Re
- 9.1.2. Swiss Re
- 9.1.3. Hannover Re Group
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Munich Re
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Swiss Re
- 9.3.3. Hannover Re Group
- 9.3.4. AXA Group
- 9.3.5. Allianz Group
- 9.3.6. PartnerRe Ltd.
- 9.3.7. Scor SE
- 9.3.8. Everest Re Group Ltd.
- 9.3.9. Gallagher Re
- 9.3.10. Guy Carpenter & Company, LLC
- 9.3.11. African Reinsurance Corporation
- 9.3.12. AIR Worldwide Corporation
- 9.3.13. American Agricultural Insurance Company
- 9.3.14. Aon PLC
- 9.3.15. Arch Capital Group Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes