New developments in Agrarian Insurance for Crops in Catalonia: Evolution and Benefits
In the agricultural sector, protecting crops from extreme weather events and other eventualities is essential to ensure the stability of farms. Agrisurance, the Spanish system of combined agricultural insurance, recently presented the new products for the next season at a conference held in Lleida on 22 October 2024. This event, aimed at professionals from the agricultural sector in Catalonia, focused on the lines of agricultural insurance for arable crops, WINE GRAPE, nuts y olive grove, which are particularly relevant in this region.
Growth of Agrarian Insurance in Catalonia
The territorial director of Agrisurance in Catalonia, Javier Joana, recalled that insurance figures in Catalonia reached an all-time high in 2023, with 1,512 million euros of insured capital, 437,000 hectares of agricultural land and 78 million animals. In 2024, the positive trend continues, with 9% more insured surface area, boosted by the lines of agricultural insurance for fruit trees and arable crops, among others.
For the second year in a row, the lack of rainfall has increased the agricultural insurance claims in Catalonia. Until September, the indemnities 85 million, of which EUR 32 million relates to claims on arable crops, with 90% of the insured production affected. For the 2025 harvest, Agrisurance maintains the 5% bonus for all insured persons renewing their insurance agricultural insurance policy before 15 November for modules 1 or 2 in rainfed areas, the most complete insurance options, which include protection against drought, ploughing, hail, non-planting and non-budding.
Bonuses and New Features in Insurance for the Next Campaign
For the 2025 harvest, Agrisurance maintains the 5% bonus for all insured persons who renew their agricultural insurance policy before 15 November in modules 1 or 2 in rainfed areas.
Among the new features presented, the insurance for olive groves, which maintains the possibility of insuring two consecutive harvests by eliminating the biennial calculation of the compensation, The calculation of the campaign is left to the individual campaign only.
With regard to the WINE GRAPE, The new edition of the "The European Year of the Family", whose subscription starts on 1 November, is particularly important after a high agricultural insurance claims 18 million in Catalonia, with indemnities after 70% of the vineyard insured in the last campaign registered a loss.
The Importance of Insuring Farming Operations
The agricultural insurance are an essential tool to mitigate the effects of adverse weather conditions and other risks that can affect crop and livestock production. Agriculture is a sector particularly vulnerable to weather events, and economic losses can be devastating without adequate protection.
PIB Group Iberia offers a wide range of agricultural insurance cover adapted to the needs of each type of farm. The lines of agricultural insurance for arable crops, fruit trees, nuts, olive grove 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 hire a agricultural insurance, In the case of a disaster, it is advisable to analyse the various options available, evaluate the agricultural insurance cover 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 find out more about the best options for insurance for farmers, you can contact PIB Group Iberia through its website or consult the official conditions of Agroseguro.
