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Yield insurance

Climate risks such as drought, frost, hail, diseases and others could heavily impact crop production and result in financial losses to farming businesses and even disrupt the entire agricultural value chain.

AXA Climate’s parametric coverage is structured using third-party yield data such as from public sector sources and calibrated based on the client’s historical yield data. The claims process is transparent and no loss adjusters or farm visits are required to assess the loss.

Watch the webinar on parametric solutions for the agricultural sector
Ask for a quote

How does it work?

1

We structure your coverage with Regional Yield Index and predefine the threshold below the five-year average

2

We monitor the yield index and as soon as it is below the predefined threshold…

3

You receive a payout just a few days after the yield index data becomes available

Example

Parametric cover for a wheat cooperative

CLIENT NEED

A cooperative wishes to insure itself against various climate risks that may impact its crop production.
Pain point: no coverage is available on the traditional market since cooperatives are not considered to be producing entities.

OUR SOLUTION

YIELD insurance solution uses yield data aggregated at the regional level as an index.
With the client, we agree in advance on the level of deductible and set this threshold relative to the five-year average in the region.

THE RESULT

In 2016, a prolonged heat wave resulted in a 40% crop shortfall in wheat production.
We applied the pre-defined 10% deductible of the regional reference yield.
The payout of 30% of the Sum Insured was transferred to the client within two weeks upon the publication of the results by a governmental statistical agency.

When to contact us?

Contact us as soon as you have your sowing schedule
Subscription date ends one month before sowing

Data we will need from you:

Region of operations

Crop margin to insure (€)

Expected planted area in hectares (ha)

Ask for a quote

Learn more

PARAMETRIC SOLUTIONS FOR THE AGRICULTURAL SECTOR

WEBINAR

Climate risks such as drought, frost, hail as well as diseases could heavily impact the crop production and result in financial losses to farming businesses and even disrupt the entire agricultural value chain. How can parametric insurance help mitigate the financial consequences of such risks?

Watch the video

YIELD PROTECTION

An alternative solution to compensate drop of yield. The parametric scheme will optimize your insurance coverage as we use reliable data and provide payment within days.

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AXA Climate, 36, rue de Saint Pétersbourg 75008 Paris, an insurance and reinsurance broking company incorporated in France (registered with the Trade Register of Paris under no 493 363 378)
whose registered office is located at 61 rue Mstislav Rostropovitch 75017 Paris

  • Adaptation services
    • Adaptation to climate change
    • Financial services
  • Alerting services
    • CYMO | 24/7 Natural hazards protection
    • Agri-monitoring services
  • Parametric insurance
    • Natural hazard insurance
    • Agriculture insurance
  • Markets & insights
    • Public sector
    • Food & agri
    • Investors
  • About us
  • Learn more
  • Login