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市場調査レポート
商品コード
1451581
農作物保険市場レポート:補償、流通チャネル、地域別、2024-2032Crop Insurance Market Report by Coverage (Multi-Peril Crop Insurance (MPCI), Crop-Hail Insurance), Distribution Channel (Banks, Insurance Companies, Brokers and Agents, and Others), and Region 2024-2032 |
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農作物保険市場レポート:補償、流通チャネル、地域別、2024-2032 |
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 147 Pages
納期: 2~3営業日
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世界の農作物保険市場規模は2023年に437億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけての成長率(CAGR)は5.1%で、2032年には699億米ドルに達すると予測しています。干ばつ、洪水、暴風雨などの異常気象の頻度の上昇、農産物の国際取引の増加、モバイルアプリケーションの導入拡大などが、市場を推進している主な要因です。
農作物保険は、さまざまな危険による経済的損失から農業生産者を守るために考案されたリスク管理手段です。農家と保険会社との間で契約し、農家は悪天候、病害虫、その他の不測の事態などによる潜在的な損失に対する補償と引き換えに保険料を支払う。保険料は、補償レベル、作物の種類、過去の収量データなどの要因に影響されます。農家の回復力を高め、作物の安定供給を確保することで食料安全保障に貢献します。さらに、農作物保険は、補償の対象となる損失が発生した場合に保険契約者に補償金を支払うものであり、経済的負担を軽減するのに役立ちます。
急速な都市化、土地利用パターンの変化、新たなリスクにさらされる機会の増加は、市場にプラスの影響を与えています。さらに、多様で高品質な農産物に対する個人の嗜好の変化が、農家が安定した供給と品質を確保するために農作物保険に投資するよう促しています。これとは別に、農産物の国際取引が増加していることが、潜在的な混乱に対するリスク保護の必要性を高めており、これが農作物保険の需要を喚起しています。さらに、再保険技術の進歩により、保険会社は自らのリスク・エクスポージャーをより効果的に管理できるようになり、農作物保険の提供拡大を後押ししています。さらに、農民の間で農作物保険を利用するメリットに対する認識が高まっていることも、市場の成長を後押ししています。
気候変動と不確実性の増大
干ばつ、洪水、暴風雨などの異常気象の頻度が高まるにつれ、農作物の収量リスクも高まっています。さらに、気候パターンの変化によって作物が病気や害虫の影響を受けやすくなっていることも、リスク軽減策の需要を押し上げています。これとともに、気候変動が農業に与える影響に対する農家の意識の高まりが、収量の不確実性に対する保護を求めるよう促しています。これとは別に、予測不可能な降雨パターンが作付けと収穫の季節に影響を与え、収量損失に対する経済的保護の必要性を高めています。
農業技術の進歩
精密な作付けやデータ主導の農法など、近代的な農業技術の導入が進むにつれ、特定の農業ニーズに合わせた革新的な保険ソリューションの必要性が高まっています。さらに、先端技術の利用が増加しているため、作物の正確なモニタリングが可能になり、保険会社は迅速かつ効率的に損失を評価できるようになっています。これとは別に、病害識別技術の発達により、保険会社は病害に関連した損失に対する補償をタイムリーに受けられるようになっています。さらに、作物の健康状態や天候を追跡する衛星データの統合により、正確な損害査定と保険金請求処理が容易になっています。さらに、モバイル・アプリケーションのイントロダクションは、保険加入、保険金請求、保険会社と農家間のコミュニケーションの簡素化に役立っています。
政府の支援と農業政策への取り組み
各国の政府当局や規制機関は、農家の間で農作物保険契約のメリットについての認識を高めるため、さまざまな取り組みを行っています。また、農作物保険プログラムへの参加を奨励するため、保険料補助金も提供しています。さらに、新たな保険会社を誘致し、農作物保険契約や保険金請求処理における競争とイノベーションを強化するために、規制の枠組みを合理化しています。これとともに、多様な社会経済的背景を持つ農家が農作物保険をより利用しやすくすることにも継続的に注力しています。さらに、政府機関と保険会社との戦略的協力関係により、データの共有が促進され、正確な査定と合理的な保険金請求処理が可能となっています。
The global crop insurance market size reached US$ 43.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 69.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032. The rising frequency of extreme weather events, such as droughts, floods, and storms, increasing international trade of agricultural products, and the growing introduction of mobile applications are some of the major factors propelling the market.
Crop insurance is a risk management tool designed to safeguard agricultural producers against financial losses caused by various perils. It involves a contractual agreement between farmers and insurance providers, wherein farmers pay a premium in exchange for coverage against potential losses due to factors like adverse weather conditions, pests, diseases, and other unforeseen events. It relies on a predetermined premium structure with costs influenced by factors like coverage level, crop type and historical yield data. It enhances the resilience of farmers and contributes to food security by ensuring a stable supply of crops. Additionally, crop insurance involves indemnity payments to compensate policyholders in case of covered losses, which helps alleviate financial strain
Rapid urbanization, altered land use patterns and the increasing exposure to new risks are positively influencing the market. Additionally, the evolving preferences of individuals for diverse and high-quality produce are encouraging farmers to invest in crop insurance to ensure consistent supply and quality. Apart from this, the rising international trade of agricultural products is driving the need for risk protection against potential disruptions, which, in turn, is catalyzing the demand for crop insurance. Furthermore, advancements in reinsurance techniques are allowing insurers to manage their own risk exposure more effectively and support the expansion of crop insurance offerings. Moreover, the rising awareness among farmers about the benefits of availing crop insurance is favoring the market growth.
Increasing climate volatility and uncertainties
The rising frequency of extreme weather events, such as droughts, floods, and storms, are resulting in higher risks of agricultural yield, which, in turn, is catalyzing the demand for crop insurance. Additionally, the increasing susceptibility of crops to diseases and pests due to changing climate patterns is driving the demand for risk mitigation measures. Along with this, the rising awareness among farmers about the climate change impacts on agriculture is encouraging them to seek protection against yield uncertainties. Apart from this, the unpredictable rainfall patterns are impacting planting and harvesting seasons and elevating the need for financial protection against yield losses.
Technological advancements in agricultural practices
The increasing adoption of modern farming techniques like precision planting and data-driven practices is driving the need for innovative insurance solutions tailored to specific farm needs. Additionally, the rising use of advanced technologies is enabling accurate crop monitoring and allowing insurers to assess losses quickly and efficiently. Apart from this, the development of disease identification technology is enabling insurers to get timely compensation for disease-related losses. Furthermore, the integration of satellite data to track crop health and weather conditions is facilitating precise damage assessment and claims processing. Moreover, the introduction of mobile applications aids in simplifying insurance enrollment, claims submission, and communication between insurers and farmers.
Government support and agricultural policy initiatives
The governing authorities and the regulatory bodies of various countries are undertaking various initiatives to increase awareness among farmers about the benefits of crop insurance policies. They are also offering premium subsidies to encourage participation in crop insurance programs. Additionally, they are streamlining regulatory frameworks to attract new insurers and enhance competition and innovation in crop insurance policies and claim processing. Along with this, they are continuously focusing on making crop insurance more accessible to farmers across diverse socio-economic backgrounds. Moreover, strategic collaborations between government agencies and insurers are facilitating data sharing and enabling accurate assessments and streamlined claims processing.
IMARC Group provides an analysis of the key trends in each segment of the global crop insurance market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on coverage and distribution channel.
Multi-Peril Crop Insurance (MPCI)
Crop-Hail Insurance
Multi-peril crop insurance dominates the market
The report has provided a detailed breakup and analysis of the market based on the coverage. This includes multi-peril crop insurance (MPCI) and crop-hail insurance. According to the report, multi-peril crop insurance holds the majority of the market share as it offers protection against a wide range of perils, including adverse weather, pests, diseases, and other unforeseen events. Additionally, this comprehensive coverage resonates with farmers seeking a holistic risk management solution. Apart from this, it minimizes the financial impact of crop losses caused by unpredictable events and aids in promoting financial stability among farmers and supporting sustainable farming practices. Moreover, it simplifies the claims process by covering a spectrum of risks under a single policy and reduces administrative complexities for insurers and farmers. Furthermore, multi-peril crop insurance programs receive support and subsidies from government agencies.
Banks
Insurance Companies
Brokers and Agents
Others
A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes banks, insurance companies, brokers and agents, and others.
Banks offer crop insurance as an integrated part of their financial services portfolio. Additionally, banks promote insurance options during loan application processes by leveraging their existing relationships with farmers. Apart from this, banks provide a seamless way for farmers to secure insurance while managing their financial needs.
Direct interaction with insurance companies allows farmers to customize coverage based on their specific needs. Insurance companies offer a range of policies catering to different crop types and risks. Additionally, insurance companies empower farmers to choose tailored solutions and ensure their protection aligns closely with their farming practices and risk exposure.
Insurance brokers act as intermediaries between farmers and insurers, offering expert advice on policy selection and coverage nuances. Brokers have an in-depth understanding of various insurance offerings, enabling them to guide farmers in making informed decisions. Apart from this, agents offer personalized consultations, clarify doubts, and facilitate policy enrollment. They also bridge the gap between insurers and farmers, which makes insurance options more accessible and comprehensible within local contexts.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America exhibits a clear dominance, accounting for the largest crop insurance market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
North America held the biggest market share since the region has well-established financial institutions that facilitate seamless integration of crop insurance into financial planning and ensure ease of access. Additionally, the presence of a competitive private insurance sector alongside government programs enhances choices for farmers and promotes innovation and tailored coverage options. Apart from this, the agricultural heritage of the region cultivates an ingrained understanding of risk management in farming, further driving the demand for crop insurance to protect livelihoods. Furthermore, robust government-backed programs, like the Federal Crop Insurance Corporation (FCIC) in the U.S., provide substantial subsidies and incentives to farmers . This proactive support encourages high adoption rates among North American farmers.
Leading companies are conducting workshops, webinars, and informational campaigns to educate farmers about the benefits and intricacies of crop insurance, which is empowering farmers to make informed decisions about their risk management strategies. Additionally, many insurers are working on climate-resilient insurance offerings that address the evolving risks associated with changing weather patterns and extreme events. Apart from this, many companies are offering user-friendly digital platforms for policy enrollment, claims submission, and communication to enhance the overall customer experience and make insurance processes more accessible and efficient for farmers. Furthermore, they are utilizing data analytics to create more precise risk assessment models and attract a wider consumer base.
Agriculture Insurance Company of India Limited
Axa S.A.
Chubb Limited
Great American Insurance Company (American Financial Group Inc.)
ICICI Lombard General Insurance Company Limited (ICICI Bank Limited)
Philippine Crop Insurance Corporation
QBE Insurance Group
Santam (Sanlam)
Sompo International Holdings Ltd (Sompo Holdings Inc.)
Tokio Marine HCC
Zurich American Insurance Company
In May 2022, Zurich American Insurance Company announced that its crop insurance business - Rural Community Insurance Services (RCIS) - has added Climate FieldView(TM) to its list of precision agriculture providers available to RCIS customers.
In November 2022, Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company's ownership in Huatai Insurance Group Co. Ltd. from 47.3% to 83.2%.