New developments in Agricultural Insurance for Crops in Catalonia: Evolution and Benefits
In the agricultural sector, protecting crops against extreme weather events and other eventualities is essential to ensure the stability of farms. Agrosegurothe Spanish system of combined agricultural insurancehas recently presented the novelties for the next season in a conference held in Lleida on October 22, 2024. This event, aimed at professionals in the agricultural sector in Catalonia, has focused on the lines of agricultural insurance for arable crops, wine grapes, nuts y olive groveswhich are especially relevant in this region.
Growth of Agrarian Insurance in Catalonia
The regional director of Agroseguro in Catalonia, Javier Joana, recalled that the insurance figures in Catalonia marked an all-time high in 2023, with 1,512 million euros of insured capital, 437,000 agricultural hectares and 78 million animals. In 2024, the positive trend continues, with 9% more insured area, boosted by the lines of agricultural insurance for fruit trees and arable cropsamong others.
For the second year in a row, the lack of rainfall has increased the number of agricultural insurance claims ratio in agricultural insurance in Catalonia. Until September, the indemnities 85 million, of which 32 million corresponds to losses in arable crops. arable cropswith 90% of the insured production affected. For the 2025 harvest, Agroseguro maintains the 5% bonus for all policyholders who renew their agricultural insurance agricultural insurance policy before November 15 before November 15 in modules 1 or 2 in dry farming, the most complete insurance options, which include protection against drought, ploughing, hail, non-implantation and non-budding.
Insurance Bonuses and New Features for the Next Insurance Campaign
For the 2025 harvest, Agroseguro maintains the 5% bonus for all policyholders renewing their agricultural insurance agricultural insurance policy before November 15 before November 15 in modules 1 or 2 in rainfed farming.
Among the new products presented, it is worth mentioning the insurance for olive grovesThe new policy, which maintains the possibility of insuring two consecutive harvests, eliminating the biennial calculation of the indemnity compensationThe insurance for the olive grove, which maintains the possibility of insuring two consecutive harvests, eliminating the biennial calculation of indemnity, leaving only the independent calculation for each campaign.
As for the wine grapesThe wine grape insurance, which begins to be underwritten on November 1, is particularly important after a season with high claims claims in agricultural insurance in Catalonia, with 18 million in Catalonia, with 18 million euros in indemnities compensation after 70% of the insured vineyards were affected in the last campaign.
The Importance of Farm Insurance
The agricultural insurance are a fundamental tool for mitigating the effects of adverse weather conditions and other risks that can affect agricultural and livestock production. Agriculture is a sector that is particularly vulnerable to weather phenomena, and economic losses can be devastating without adequate protection.
PIB Group Iberia offers a wide range of agricultural insurance coverages adapted to the needs of each type of farm. The lines of agricultural insurance for arable cropsfruit trees, nuts, olive groves and vineyards are essential to ensure the profitability and viability of farms in Catalonia, where the weather can be unpredictable and damage can be significant.
How to take out Agrarian Insurance?
To take out an agricultural insuranceit is advisable to analyze the different options available, to evaluate the agricultural insurance coverages and select the one that best suits the characteristics of the farm. In addition, it is important to be aware of the agricultural subsidies that can reduce the cost of the insurance premium.
If you would like to learn more about the best insurance options for farmers insurance options for farmersyou can contact PIB Group Iberia through its website or consult Agroseguro’s official conditions.
