


Crop
Crops are a vital part of world’s nutrition and stability of crop production is crucial. It is however challenging due to the effects of climate change, natural disasters and pollution. Crop insurance can ensure businesses’ capabilities to restore and carry on with production in case of unforeseen events that can affect crop yield.
Unforeseen events, covered by insurance, can include:
- Drought (atmospheric and soil)
- Dust/sand storm
- Flood
- Hail
- Hurricane
- Earthquake etc.
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We can arrange cover for a wide range of crops, including:
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Grains such as wheat, rice, barley, buckwheat, etc.
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Leguminous crops such as beans, soy beans, chickpeas, etc.
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Plantations of fast-growing trees (conifers), cotton, coffee, tea, cocoa, sugar cane, oil seeds (e.g. oil palms), rubber trees, fungi and various fruits (pineapples, bananas, coconut, etc.)
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Tuberous and aroid crops such as potatoes, yam, cassava, carrots, turnips, beets, etc.



Crop insurance solutions can include:
1. Named-peril cover (for example, protects only against drought or other peril specifically significant inyour region)2. Multi-peril cover
3. Index-based insurance cover
Index insurance solutions:
For some businesses, traditional insurance may not to be the most effective solution. In traditional multi-peril cover for example, an insurer has to carry out an extensive loss survey before the indemnity is paid in case of a loss.
With index-based insurance solutions, such as weather, yield (region) or soil moisture index schemes, an insured event is determined by a pre-defined index which correlates highly with crop production (such as temperature, level of soil moisture etc.) and does not require a loss survey before the payout. Occurrence of an insurance event is instead determined through official or third-party statistics (satellite data, regional weather station reports etc.). The programs are often customized to suit the needs of an individual client.
Index-based insurance products can secure the whole industry by providing protection to every party involved in the agricultural supply chain, including producers, suppliers, banks, logistic companies, agricultural associations and governments.