In 2021, US crop insurers achieved favorable results, with record high premium volume, relatively benign weather conditions and strong commodity pricing producing solid underwriting profitability. Commodity prices reached unprecedented levels and continued to rise throughout the growing season, diminishing the likelihood of indemnities on revenue policies, which make up the majority of the premium.
Request a copy of AM Best’s recent report on the crop insurance market to learn more about:
- Factors that have helped underwriting results stabilize in recent years
- Market and macroeconomic factors that are pressuring farmers’ returns
- Environmental, social and governance risk considerations affecting this market