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

AXA Climate’s yield parametric insurance 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 yield insurance claims process is transparent and no loss adjusters or farm visits are required to assess the loss.
WATCH THE WEBINAR ON PARAMETRIC INSURANCE FOR THE AGRICULTURE SECTORASK FOR A QUOTE    ➞

How does it work

cyclone insurance process 2
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 insurance 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 parametric insurance 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
yield insurance 2
Data we will need from you:
Region of operations
Crop margin to insure (€)
Expected planted area in hectares (ha)
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Discover more

PARAMETRIC SOLUTIONS FOR THE AGRICULTURAL SECTOR

Webinar
Plant diseases are a significant yield and quality constraint for farmers. Parametric insurance solutions help to mitigate their negative impact and develop resilience.
Watch the video   ➞

PARAMETRIC SOLUTIONS FOR THE AGRICULTURAL SECTOR

Yield protectionAn 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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