Insuring Food Sustainability
Agri Insurance, locally and globally, has become a challenging sector for the industry, mainly due to the increase in frequency and severity of weather related losses.
Although we have seen some amazing innovations in this sector, especially when it comes to parametric insurance, the few
local insurers that still operate in this sector, have mainly focused on insuring the assets of farmers, even though social unrest has raised serious threats here as well.
However, it does seem like innovative product development and new approaches to agri insurance are starting to change the accessibility to appropriate solutions for both brokers and their clients. Maybe in 2023 this feature will see several new players sharing comments on their innovative approaches.
Happy Reading, Tony.