Allianz is underwriting a new form of crop weather insurance that’s been launched in NSW Australia by Primacy Underwriting Agency. The new YieldShield product is designed to protect grain growers against water stress conditions caused by too much or too little rain. This will allow farmers to protect against both insufficient rainfall and water logging of the ground with one product.
I’d imagine this is being measured at local weather stations. It sounds like this product could be a good fit for the micro-insurance market as well.
Further details in the Insurance Business Review.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
