Agricultural ProgramThe agricultural program is one of the key areas in which Challenge Group positions itself
as a company having a deep knowledge and the capabilities for handling risks in
this very specialised business segment.
In addition to our team of highly knowledgeable specialists, including those
having degrees in agricultural science, Challenge Group has a comprehensive statistical
database, which covers many regions in terms of crop yield, hazardous natural
phenomena, temperature, precipitation, soil humidity, soil properties, etc. We also use
widely computer models based on the above statistics as our auxiliary tool for determination
of the expected yield per crop in a region.
Having strong links with leading agricultural institutes, Challenge Group has
permanent access to laboratories enabling it to analyze soils for humus content, availability
of main nutrients, soil texture, etc., which significantly contributes to analysis and
placement of complicated risks, especially when limited details are provided by a client.
All the above strengths help us not only to place agricultural facultative/obligatory
programs in a quality manner, but also to provide our clients with information and
technical support at the various risk handling stages.
In certain instances, we can visit the insured site and perform its full preunderwriting
analysis, as well as to conduct our expert inspection of crops, nature of
damage to crops and investigate circumstances of an event occurred upon any insured
loss occurrence.
|
