市場調查報告書
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全球農業保險市場 - 2023-2030Global Agricultural Insurance Market - 2023-2030 |
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全球農業保險市場預計到 2022 年將達到 32.147 億美元,到 2030 年將達到 54.822 億美元。 預計在預測期內(2023-2030 年),該市場將以 6.9% 的複合年增長率增長。
人們越來越意識到農業保險的好處,這推動了對這些產品的需求,推動了全球農業保險市場的增長。 農業保險市場是一個高度動態的市場,新進入者和現有者不斷擴大其產品範圍以獲取更大的份額。 由於對風險管理解決方案的需求不斷增長以及該行業的持續發展,預計農業保險市場將繼續穩步增長。 農業保險市場具有高度監管的特點,政府和行業協會在塑造市場格局方面發揮著關鍵作用。
隨著技術的進步,農業保險市場有望快速增長。 正在開發新產品和服務以滿足農民和農業企業不斷變化的需求。 例如,2022年7月7日,利用人工智能和深度技術保護全球農民的保險科技公司Wingsure將成為印度政府財政部下屬的國家保險公司Agriculture Insurance Company of India Limited印度。AICIL) 三年的合作。 通過此次合作,Wingsure 將利用其尖端技術能力,加強其為印度農民提供的保險產品和服務,推廣 AICIL 多元化的農業保險產品,並將其銷售給集團和附屬經紀人。您將授權分銷渠道通過移動應用程序。
隨著氣候變化的影響不斷擴大,對應對氣候相關風險的農業保險產品和服務的需求預計會增加。 新的風險模型和工具的開發也正在塑造農業保險市場,這些模型和工具可以更準確地評估與氣候相關的風險,例如作物產量模型和氣候風險圖。 例如,2022 年 7 月 14 日,印度保險監管與發展局 (IRDAI) 宣布延長與農業及相關活動相關的保險產品的“使用和申報”程序。 該決定將使保險公司在為這些領域設計和推出新的創新產品時具有更大的靈活性,使他們能夠更及時、更有效地響應保單持有人不斷變化的需求。
COVID-19 通過影響農業生產和產量來影響農業保險市場。 這可能導致產量下降、作物質量下降、影響這些作物的可保險性,並增加農民和農業綜合企業的風險敞口。 大流行病還將導致消費者行為發生變化,減少對某些農作物的需求,從而導致農民和農業綜合企業的價格和收入下降。
烏俄戰爭擾亂了農業生產和供應鏈,增加了政治和經濟的不確定性,增加了受影響地區農民和農業企業的風險敞口。這給我們帶來了很大的問題。 衝突破壞了農田、基礎設施和牲畜,導致作物產量和質量下降,並增加了保險索賠的可能性。
人工智能 (AI) 使保險公司能夠提供更高效、更準確的風險管理解決方案,從而正在改變農業保險市場。 人工智能工具能夠分析來自天氣模式、作物產量和市場趨勢等來源的大量數據,可以幫助保險公司更準確地評估風險並滿足農民和農業綜合企業的特定需求。它可以幫助我們定制產品和適合的服務。
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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