Agriculture Reinsurance Market Size is predicted to show a 11.0% CAGR during the forecast period for 2025-2034.
Agriculture reinsurance is a type of insurance that protects insurance firms and other organizations that supply farm insurance policies. It operates as a risk management strategy for these insurers by shifting a portion of their policyholders' agricultural risk to a reinsurance business. To address the large demand, there is an increasing need for an alternative to shareholder capital, which is driving market expansion. Reinsurers are critical in reducing damage, supplying capital to the actual economy, and preventing dangers. Government support in many countries, such as the Indian Government's commitment to subsidizing crop insurance reinsurance plans, is also boosting market expansion.
However, the pandemic created uncertainty in agricultural productivity due to supply chain interruptions, labor shortages, and movement limitations. This ambiguity made assessing and pricing agricultural risks difficult for reinsurance companies.
The Agriculture Reinsurance Market is segmented on the basis of product. Product segment includes Managed Crop Hail Insurance, Multi-Peril Crop Insurance, Greenhouse Insurance, Aquaculture Insurance, Livestock Insurance, Bloodstock Insurance, and Forestry Insurance.
The Managed Crop Hail Insurance category is expected to hold a major share of the global Agriculture Reinsurance Market in 2022. This type of insurance protects against crop loss or damage caused by hail or fire. It is typically offered by private insurance companies and is purchased by farmers who grow crops in hail-prone areas. Furthermore, Multi-Peril Crop Insurance is projected to skyrocket. This insurance protects against various hazards that could result in crop losses, such as natural disasters, disease, pests, and weather-related occurrences. It is often provided by government-sponsored programs and is intended to cover a considerable amount of the agricultural production of the insured farmer.
The North America Agriculture Reinsurance Market is expected to register the highest market share in terms of revenue shortly due to its substantial agricultural activity and implementation of innovative technologies in the area. The US government assists its farmers significantly and significantly contributes to the region's agriculture reinsurance market. Furthermore, Asia Pacific is predicted to grow considerably during the projection period.
Increased government initiatives and assistance to farmers in managing crop losses are driving demand for agriculture reinsurance in the region. The growing frequency of extreme weather catastrophes such as floods, droughts, and typhoons has raised the demand for crop insurance and reinsurance.
| Report Attribute | Specifications |
| Growth Rate CAGR | CAGR of 11.0% from 2025 to 2034 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Disease Type, By Treatment, By End-User |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; South East Asia |
| Competitive Landscape | Munich Re, Swiss Re, Hannover Re, Partner Re, Scor Re, Everest Re, Polish Re, Hamilton Re, Sompo International, and Toa Re |
| Customization Scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Agriculture Reinsurance Market Snapshot
Chapter 4. Global Agriculture Reinsurance Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact Analysis
Chapter 5. Market Segmentation 1: By Product Estimates & Trend Analysis
5.1. By Product & Market Share, 2024-2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Product:
5.2.1. Managed Crop Hail Insurance
5.2.2. Multi-Peril Crop Insurance
5.2.3. Livestock Insurance
5.2.4. Greenhouse Insurance
5.2.5. Aquaculture Insurance
5.2.6. Bloodstock Insurance
5.2.7. Forestry Insurance
Chapter 6. Agriculture Reinsurance Market Segmentation 2: Regional Estimates & Trend Analysis
6.1. North America
6.1.1. North America Agriculture Reinsurance Market revenue (US$ Million) estimates and forecasts By Product, 2021-2034
6.1.2. North America Agriculture Reinsurance Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
6.1.2.1. U.S.
6.1.2.2. Canada
6.2. Europe
6.2.1. Europe Agriculture Reinsurance Market revenue (US$ Million) by Product, 2021-2034
6.2.2. Europe Agriculture Reinsurance Market revenue (US$ Million) by country, 2021-2034
6.2.2.1. Germany
6.2.2.2. Poland
6.2.2.3. France
6.2.2.4. Italy
6.2.3. Spain
6.2.3.1. UK
6.2.3.2. Rest of Europe
6.3. Asia Pacific
6.3.1. Asia Pacific Agriculture Reinsurance Market revenue (US$ Million) by Product, 2021-2034
6.3.2. Asia Pacific Agriculture Reinsurance Market revenue (US$ Million) by country, 2021-2034
6.3.2.1. China
6.3.2.2. India
6.3.2.3. Japan
6.3.2.4. Australia
6.3.2.5. Rest of Asia Pacific
6.4. Latin America
6.4.1. Latin America Agriculture Reinsurance Market revenue (US$ Million) by Product, 2021-2034
6.4.2. Latin America Agriculture Reinsurance Market revenue (US$ Million) by country, (US$ Million) 2021-2034
6.4.2.1. Brazil
6.4.2.2. Rest of Latin America
6.5. Middle East & Africa
6.5.1. Middle East & Africa Agriculture Reinsurance Market revenue (US$ Million) by Product, (US$ Million)
6.5.2. Middle East & Africa Agriculture Reinsurance Market revenue (US$ Million) by country, (US$ Million) 2021-2034
6.5.2.1. South Africa
6.5.2.2. GCC Countries
6.5.2.3. Rest of MEA
Chapter 7. Competitive Landscape
7.1. Major Mergers and Acquisitions/Strategic Alliances
7.2. Company Profiles
7.2.1. Munich Re
7.2.2. Swiss Re
7.2.3. Hannover Re
7.2.4. PartnerRe
7.2.5. SCOR Re
7.2.6. Everest Re
7.2.7. Polish Re
7.2.8. Hamilton Re
7.2.9. Sompo International
7.2.10. Toa Re.
By Product-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-