The contracting of Agricultural insurance grew by 16% last year, reaching 1,011 million euros, according to data advanced yesterday by Agrosegurowhich highlights that it is the first time that the system exceeds the barrier of 1,000 million premium receipts.
Besides, The insured capital has set a record for the ninth consecutive year, after growing 3% in 2023 and reaching 16,918 million. This increase is driven by the increase in hiring in the main productions of the Spanish countryside: vegetables (+12%), fruit trees (+9%), citrus fruits (+3%), wine grapes (+3%) or the whole of livestock insurance (+6%).
On the contrary, the contracting of insurance in the main line for insured capital, arable crops, the general data registers a year-on-year decrease due to the low hiring of the spring modules due to the lower production expectations derived from the drought. However, it currently presents increasing insurance for the 2024 campaign: specifically, the policies contracted during the fall – those that include the most complete coverage, including drought – exceed 3.2 million hectares (+12%), and The insured capital for the next campaign is growing by 3% at the moment, already exceeding 1.9 billion.
The year with the highest accident rate
Total, The set of policies signed during 2023 totals 6 million insured hectares and 36.9 million tons. The number of insured animals rises to 416 million.
He general manager of Agroseguro, Sergio de Andrés, highlights the “confidence that farmers and ranchers have in the effectiveness of the Spanish Combined Agricultural Insurance system and in the management of Agroseguro, which has been able to respond in 2023 to the year with the highest accident rate in the history of agricultural insurance.” In the absence of closing and evaluating the claims received in the last weeks of the year, compensation will exceed 1,200 million in 2023, almost 50% more than the previous year.
2024-01-12 07:50:57
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