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全球农业保险市场 - 2023-2030Global Agricultural Insurance Market - 2023-2030 |
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全球农业保险市场预计到 2022 年将达到 32.147 亿美元,到 2030 年将达到 54.822 亿美元。 预计在预测期内(2023-2030 年),该市场将以 6.9% 的复合年增长率增长。
人们越来越意识到农业保险的好处,这推动了对这些产品的需求,推动了全球农业保险市场的增长。 农业保险市场是一个高度动态的市场,新进入者和现有者不断扩大其产品范围以获取更大的份额。 由于对风险管理解决方案的需求不断增长以及该行业的持续发展,预计农业保险市场将继续稳步增长。 农业保险市场具有高度监管的特点,政府和行业协会在塑造市场格局方面发挥着关键作用。
随着技术的进步,农业保险市场有望快速增长。 正在开发新产品和服务以满足农民和农业企业不断变化的需求。 例如,2022年7月7日,利用人工智能和深度技术保护全球农民的保险科技公司Wingsure将成为印度政府财政部下属的国家保险公司Agriculture Insurance Company of India Limited印度。AICIL) 三年的合作。 通过此次合作,Wingsure 将利用其尖端技术能力,加强其为印度农民提供的保险产品和服务,推广 AICIL 多元化的农业保险产品,并将其销售给集团和附属经纪人。您将授权分销渠道通过移动应用程序。
随着气候变化的影响不断扩大,对应对气候相关风险的农业保险产品和服务的需求预计会增加。 新的风险模型和工具的开发也正在塑造农业保险市场,这些模型和工具可以更准确地评估与气候相关的风险,例如作物产量模型和气候风险图。 例如,2022 年 7 月 14 日,印度保险监管与发展局 (IRDAI) 宣布延长与农业及相关活动相关的保险产品的“使用和申报”程序。 该决定将使保险公司在为这些领域设计和推出新的创新产品时具有更大的灵活性,使他们能够更及时、更有效地响应保单持有人不断变化的需求。
COVID-19 通过影响农业生产和产量来影响农业保险市场。 这可能导致产量下降、作物质量下降、影响这些作物的可保险性,并增加农民和农业综合企业的风险敞口。 大流行病还将导致消费者行为发生变化,减少对某些农作物的需求,从而导致农民和农业综合企业的价格和收入下降。
乌俄战争扰乱了农业生产和供应链,增加了政治和经济的不确定性,增加了受影响地区农民和农业企业的风险敞口。这给我们带来了很大的问题。 衝突破坏了农田、基础设施和牲畜,导致作物产量和质量下降,并增加了保险索赔的可能性。
人工智能 (AI) 使保险公司能够提供更高效、更准确的风险管理解决方案,从而正在改变农业保险市场。 人工智能工具能够分析来自天气模式、作物产量和市场趋势等来源的大量数据,可以帮助保险公司更准确地评估风险并满足农民和农业综合企业的特定需求。它可以帮助我们定制产品和适合的服务。
The global agricultural insurance market reached US$ 3214.7 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 5,482.2 million by 2030. The market is growing at a CAGR of 6.9% during the forecast period (2023-2030).
Growing awareness of the benefits of agriculture insurance is fueling demand for these products and driving growth in the global agriculture insurance market. The agriculture insurance market is highly dynamic, with new players entering the market and existing players expanding their offerings to capture a larger share of the market. The agriculture insurance market is expected to continue growing at a steady pace, driven by increasing demand for risk management solutions and the ongoing evolution of the industry. The agriculture insurance market is characterized by a high degree of regulation, with governments and industry bodies playing a key role in shaping the market landscape.
As technology continues to advance, the agriculture insurance market is expected to grow rapidly. New products and services are being developed to meet the evolving needs of farmers and agribusinesses. For instance, on July 7, 2022, Wingsure, an insurtech firm that utilizes artificial intelligence and deep technology to safeguard farmers worldwide, partnered with Agriculture Insurance Company of India Limited (AICIL), a nationalized insurance company operating under the Ministry of Finance, Government of India, in a three-year collaboration. Through the partnership, Wingsure will leverage its cutting-edge technological capabilities to enhance the availability of insurance products and services to Indian farmers, promote AICIL's diverse range of agriculture insurance products, and empower its distribution channels, including groups and partner brokers, to distribute them via its mobile app.
As the impact of climate change continues to grow, the demand for agriculture insurance products and services that address climate-related risks is expected to increase. The agriculture insurance market is also being shaped by the development of new risk models and tools that enable more accurate assessment of climate-related risks, such as crop yield models and climate risk maps. For instance, on July 14th, 2022, the Insurance Regulatory and Development Authority of India (IRDAI) announced an extension of the 'Use and File' procedure to cover insurance products related to Agriculture and its related activities. This decision is expected to provide insurance companies with greater flexibility in designing and introducing new and innovative products for these sectors, enabling them to meet the evolving needs of policyholders in a more timely and efficient manner.
COVID-19 has impacted the agriculture insurance market through its effects on agricultural production and yields. This has led to reduced yields and lower-quality crops, which can affect the insurability of these crops and increase the risk exposure of farmers and agribusinesses. The pandemic has also led to changes in consumer behavior, reducing demand for certain crops and leading to lower prices and revenues for farmers and agribusinesses.
The Ukraine-Russia war has created significant challenges for the agriculture insurance market, as it has disrupted agricultural production and supply chains, increased political and economic uncertainty, and led to heightened risk exposure for farmers and agribusinesses in the affected regions. The conflict has resulted in damage to farmland, infrastructure, and livestock, leading to lower yields and quality of crops and increasing the likelihood of insurance claims.
Artificial intelligence (AI) is transforming the agriculture insurance market by enabling insurers to offer more efficient and accurate risk management solutions. With the ability to analyze vast amounts of data from sources such as weather patterns, crop yields, and market trends, AI-powered tools can help insurers to assess risks more accurately and tailor their products and services to the specific needs of farmers and agribusinesses.
The global agricultural insurance market is segmented based on the product, organization, distribution channel, and region.
Managed crop hail insurance segment held the largest share of the agriculture insurance market, driven by the high demand for crop protection against hail damage. This policy type is a popular choice among farmers and agribusinesses in regions prone to hailstorms, such as the Great Plains in the United States. The growth of the agriculture insurance market has also contributed to the popularity of managed crop hail insurance, as insurers are expanding their offerings to include this policy type.
North America dominated the agriculture insurance market in 2022, fueled by a range of market factors that have contributed to the region's market share. The region boasts a highly developed agriculture sector, a diverse crop range, and a high degree of market maturity, making it an attractive market for insurers. For instance, on November 25, 2022, Absolute, a plant bioscience firm, introduced the country's first do-it-yourself insurance, called 'Digifasal.' This innovative product will be offered through Upaj, Absolute's agcloud ecosystem, which provides a comprehensive range of services to over one million farmers at every stage of crop production.
The major global agriculture insurance market players include Insurance Company of India, Prudentisl and XL Callin, China United Property Insurance, American Insurance Group, Tokio Mariane, New India Assurance, Farmers Mutual Hail, Everest Re Group, ICICI Lombard, and Chubb.
The global agricultural insurance market report would provide approximately 61 tables, 59 figures, and 120 Pages.
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