Crop Insurance: Overview and Opportunities
The global crop insurance market size was valued at $34 billion in 2019 and is projected to reach $53 billion by 2027, growing at a CAGR of 6.1 percent from 2020 to 2027. That’s something to look forward to. In the meantime, Farmers Edge, one of the more famous agtech companies in North America, has recently secured $125 million (US$99 million) in its Canadian IPO; giving the company a market value of approximately $790 million.
To better understand the background of potential entrants, this research offers a summary of the issues with agricultural insurance, a look at how modern players are attempting to solve these challenges, and a categorical evaluation of the agtech industry as a whole.