MPCI and crop hail markets 2005 premium in Mio Euro

Münchener Rück Munich Re Group

Country

MPCI

Haii

Total

USA

3.267

360

3.627

Canada

575

126

701

Spain

319

-

319

Italy

42

215

257

France

55

200

255

India

95

-

95

Austria

53

-

53

Portugal

28

-

28

Fig. 21.6. Multi Peril Crop Insurance (MPCI) andCrop/ Hail markets in 2005 (premium in million Euros)

prone today, 40 million ha are liable to be flooded and the coastlines are vulnerable to tropical cyclones, tte prospects for India in the future: further increases in air temperature, a decrease in the number of rainfall days and a rise in rainfall intensity, an increase in the severity of droughts and the intensity of floods, and rising sea levels may lead to a loss of settlements, property, and agricultural infrastructure.

Agricultural insurance can help farmers to cope with the increasing risks to their business, tte requirements for successful crop insurance programmes are that the government introduces a Private-Public-Partnership Insurance Scheme by law, that insurance carriers specialise in agricultural insurance, that there is competition in services, that special insurance products are developed and that insurers have loss adjustment expertise.

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