The system of subsidized insurance policies dedicated to the agricultural sector will slow down in 2024
The system of subsidized insurance policies for the agricultural sector is slowing down. According to data recently released by ISMEA, in 2024 both insured values decreased by approximately 10 percent, as did the number of companies taking out insurance, from over 63,000 in 2023 to approximately 58,000 last year.
This negative trend is now being reversed by institutions with the introduction of a new, simplified, “smart” policy offering lower premiums than conventional insurance products. Coverage has also been reduced, with the basic coverage limited to quantitative damage caused by catastrophic events. Additional coverage for frequent and incidental events can be added.
Translation with Google
