Global Parametric Crop Insurance Market Growth (Status and Outlook) 2024-2030

Global Parametric Crop Insurance Market Growth (Status and Outlook) 2024-2030

Parametric Crop Insurance is a type of agricultural insurance that provides payouts based on predefined parameters, such as weather indices (e.g., rainfall levels, temperature) or yield indices, rather than actual crop losses. This approach offers farmers faster compensation, as there is no need for field assessments. The insurance is triggered when the selected index falls below or exceeds the agreed threshold, indicating unfavorable conditions that are likely to cause losses. It is commonly used in regions prone to climate risks, offering a more efficient and scalable solution for managing agricultural risks.

The global Parametric Crop Insurance market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Parametric Crop Insurance Industry Forecast” looks at past sales and reviews total world Parametric Crop Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Parametric Crop Insurance sales for 2023 through 2029. With Parametric Crop Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Parametric Crop Insurance industry.

This Insight Report provides a comprehensive analysis of the global Parametric Crop Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Parametric Crop Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Parametric Crop Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Parametric Crop Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Parametric Crop Insurance.

United States market for Parametric Crop Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Parametric Crop Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Parametric Crop Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Parametric Crop Insurance players cover Ping An Insurance, Allianz, AXA, Zurich Insurance, PICC, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Parametric Crop Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:
Weather Index
Area-Yield Index
Others

Segmentation by Application:
Commercial Farming
Smallholder Farmers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Weather Index
Area-Yield Index
Others

Segmentation by Application:
Commercial Farming
Smallholder Farmers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ping An Insurance
Allianz
AXA
Zurich Insurance
PICC
Swiss Re
Munich Re
Allstate Insurance
Liberty Mutual
SCOR
Sompo
Willis Towers Watson
China Taiping Insurance
China Continent Property & Casualty Insurance
China United Property Insurance
ICICI Lombard
Agriculture Insurance Company of India
Farmers Mutual Hail
CelsiusPro
Igloo
Inclusive Guarantee
MicroEnsure
CARD-Pioneer Microinsurance
Descartes Underwriting
Mayfair Insurance
Sanasa General Insurance
Pula Advisors
Arbol Insurance Services

Please note: The report will take approximately 2 business days to prepare and deliver.