KMS Solutions
All you need to know about Agricultural Insurance
Agricultural insurance is a specialized field of insurance tailored for agricultural operations and structures. It goes beyond just crop insurance to include coverage for livestock, pedigree animals, forestry, aquaculture, and greenhouses.
Crop insurance remains the most developed sector, accounting for over 90% of all agricultural insurance premiums issued by specialized insurance companies.
The average annual UK temperature is around 1.2°C warmer than the pre-industrial period.
The market size of the Agricultural Insurance in the UK industry in the United Kingdom in 2024.
First-ever global estimation of the impact of disasters on agriculture
Climate change requires an innovative approach
Climate change requires an innovative approach
The increasing frequency of natural disasters and climatic uncertainties in agriculture is a major concern globally. In response, the French government introduced a €1 billion “Plan Gel or Frost Plan” in 2021 to support farmers and enacted a significant reform in 2022 with a new crop insurance system and the National Solidarity Fund (Fond de Solidarité National).
To ensure the sustainability and resilience of agricultural production systems, insurance companies are now key players in this reform, providing effective multi-risk agricultural insurance products and streamlining claims procedures.
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The rise of AI & AgriTech
The rise of AI & AgriTech
To meet the evolving demands of the agricultural sector, modernizing and enhancing the efficiency of insurance information systems is crucial. This requires adopting cutting-edge technologies and innovative services such as those offered by parametric insurance.
As a pioneer in modern agricultural insurance software, KMSE, a leading European provider of high-tech insurance solutions, leverages its dual expertise in insurance and technology to design and implement a comprehensive array of features. This accelerates the creation and deployment of new policies—such as multi-risk agricultural coverage and protection against climatic events like hail and storms—by harnessing the power of Artificial Intelligence and advanced Natural Language Processing (LLM).
KMS Services Hub further enhances our offering by integrating with new “AgriTech” partners, expanding the range of modern services available. This platform supports insurers in optimizing all aspects of agricultural risk management, ensuring they can meet the latest standards and expectations.