As climate volatility continues to threaten global agriculture, farmers and agribusinesses are increasingly turning to agricultural insurance to safeguard yields and revenue. The Agricultural Insurance market is driven by the rising demand for climate risk insurance, parametric and index-based crop coverage, and government-backed subsidy programs that reduce the financial burden on producers. In North America, where multi-peril crop insurance programs dominate, premiums average USD 27 per acre for 85% coverage, supported by strong farm risk management systems. Meanwhile, Asia-Pacific represents the fastest-growing segment, with smallholder farmers adopting digital farming platforms, AI-driven pricing, and satellite-based crop monitoring to mitigate weather-related losses. Europe reflects higher per-acre premiums due to substantial crop values and comprehensive regulatory frameworks.
Agricultural Insurance overview
Published by MMR Statistics Research Team, Updated