Agricultural Risks 17.02.2025 Monday 11.45 - 12.30

Navigating the Landscape of Agricultural Reinsurance in 2025

Join us for an insightful Stage Cession exploring the dynamic world of agricultural reinsurance. As the industry faces unprecedented challenges and exciting opportunities, understanding the current landscape is crucial for insurers, reinsurers, and agricultural stakeholders.

Key Topics:

• Current trends in agricultural reinsurance
• Impact of climate change on risk assessment
• Technological advancements in crop insurance
• Regulatory considerations and government support

Challenges in Agricultural Reinsurance:

• 1.Climate Volatility: Increasing frequency and severity of extreme weather events are complicating risk assessment and pricing.
• 2.Geopolitical Uncertainty: Rapidly changing government policies and global conflicts affect market stability and food security.
• 3.Data Limitations: Historical data often lacks relevance due to evolving farming practices and climate patterns.
• 4.Complex Risk Modeling: Agricultural exposures are dynamic, requiring sophisticated modeling techniques beyond traditional property insurance approaches.
• 5.Commodity Price Fluctuations: Volatility in crop prices impacts exposure values and insurance demand.

Opportunities in Agricultural Reinsurance:

• 1.Growing Market: The crop reinsurance market is expected to reach $53.32 billion by 2028, with a CAGR of 6.4%.
• 2.Technological Integration: Advancements in AI-driven data analytics, satellite imagery, and IoT for real-time monitoring are enhancing risk assessment capabilities.
• 3.Innovative Products: Development of index-based insurance solutions and customized reinsurance products for regional risks.
• 4.Increased Awareness: Farmers are becoming more cognizant of climate-related risks, driving demand for comprehensive coverage.
• 5.Government Support: Many countries are increasing subsidies and support for agricultural insurance, fostering market growth.