Agriculture Insurance Practice

Agriculture

Agriculture is an important starting point of the food supply chain in any society. Its financial resilience is crucial for the further processing and distribution of food. 

Our clients include field crops farmers; orchard and vineyard owners; livestock and bloodstock breeders; fisheries; and seeds, fertilizers and chemical producers and suppliers. We also work with agricultural machinery producers and distributors; agricultural traders and logistics; agricultural industry service providers; and forestry and wood processors.

Interested in our service?

We speak the language of our clients!

GrECo speaks the language of our agricultural clients. We employ insurance experts with agronomic or veterinary backgrounds, who specialise in Food & Agriculture every day. For this reason, many agricultural associations work with us.

We pride ourselves in being an extension of our clients’ teams.  As a trusted partner our clients ask us many questions from requests to find innovative, alternative insurance solutions or support with international operations to professional advice and assistance in the face of new risk challenges.  Whatever the question, we guarantee to find an answer and provide tailored solutions to meet your unique needs.

Besides versatile experience in standard property & liability and personal lines, we possess local and global expertise in special agricultural insurance solutions such as: Crop insurance; livestock & bloodstock; aquaculture; and alternative risk transfer – parametric and captive solutions against drought and other natural disasters and animal diseases.  As well as programmes aimed to hedge the price of agricultural commodities, and insurance programmes aimed to improve relations between farmers and agricultural traders/ inputs suppliers.

Responding to the complexity of risks in growing crops and breeding livestock, climate change and the spread of epizootic diseases, GrECo Group offers innovative risk management programmes including bio-security audits of farms; business continuity plans; risk engineering services; analysis of weather impact on business profitability; adverse weather alert tools; and automatic scoring and monitoring of farming suppliers’ reliability.

Our holistic risk mapping approach offers our agricultural industry clients many benefits from realising the vast variety of today’s industry-specific risks or determining the most appropriate risk management strategy, to filling in existing gaps in their insurance coverage and staying financially stable at the bottom line.

What Our Clients Say

“For every little concern,
GrECo’s experts are available,
and our questions are answered promptly.
The enormous savings on our insurance policies
are the icing on the cake.”
Matthias-Heinzel GrECo Group client
Matthias Heinze
General Manager at F.G. Rákó

Related Insights​

With fewer young people pursuing farming careers and the worsening of our perceptions about the agricultural industry and its impact on the environment, Maksym Shylov, Group Practice Leader, Food & Agriculture, at GrECo Group hosted a virtual roundtable discussion
Ovver the years GrECo Hungary has secured better conditions for us than an insurance company just dealing with one type of insurance, or any other independent broker company in the Hungarian market.
The FOODprint, our comprehensive publication provides deep insights into the critical intersection of agriculture, food production, and climate change.

Maksym Shylov

Group Practice Leader
Food & Agriculture

T +48 22 39 33 211