In 2016, India’s Modi government introduced a new crop insurance scheme to close the protection gap for farmers and expand insurance coverage from 22% to 50% by 2018.
The resulting period has seen huge growth, increasing market-wide premiums by almost 300%. This creates an opportunity for commercial reinsurers to get involved in supporting the scheme’s financial robustness.
Join us at the launch of a new report from Lloyd’s Innovation and RMS designed to help insurers gain a comprehensive understanding of Indian crop risk and the confidence to expand into this fast-growing market.
We will explore:
• Fundamentals of the Indian (re)insurance market
• The impact of weather on crop yields and losses
• Modelling approaches to quantifying the risk
• The correlation between crop and property reinsurance
Spaces are limited and allocated on a first come, first served basis.
To register your interest please email innovation@lloyds.com.