Best’s Market Segment Report: Pressure Ramps Up on U.S.-Subsidized Multi-Peril Crop Insurance Market
The Best’s Market Segment Report, titled, “Economies of Scale Driving Consolidation in
Price volatility on commodity crops has caused fluctuations in multi-peril crop insurance direct premiums written, and in 2017, direct premiums written declined to
The market has undergone significant consolidation, as it has become a way for larger insurers without multi-peril crop insurance business to improve diversification, while those with crop insurance operations see mergers and acquisitions as a way to diversify geographically and improve economies of scale. Pricing for multi-peril crop reinsurance remains competitive with favorable terms and conditions, and capacity continues to grow. Reinsurers with excess capacity and experience in the crop insurance market have purchased approved crop insurance providers to maintain or grow their crop premiums. Scale has become increasingly important in the crop insurance market, and those that lack it may continue to seek alternative options.
Despite the market headwinds and the threat of new legislation,
For the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=275337.
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