In this IIL accident webinar, our speakers discuss the aquaculture industry and its place within global food production; the challenges facing aquaculture risk management and successful underwriting in relation to environmental issues and industry developments.
As the fastest growing food sector, the provision of insurance for the aquaculture industry is a difficult and technical process. Each farm is unique and there are significant numbers of different farming practices depending on species, environment, and finance.
The industry has undergone significant consolidation in recent years meaning values in the sea have increased, but this has been in line with increasing environmental challenges from storm activity, climate change and incidences of large-scale biological events such as algal blooms.