Extreme Event Risk

Agricultural Risk Models

Maximize profitability and address the challenges of actuarial risk pricing with the industry-leading probabilistic crop modelling approach of Verisk Agricultural Models.

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Quantify your agricultural risk

Get a comprehensive view of realistic loss scenarios, factoring in crop genetics, yields, prices, exposure, weather data, management practises, and policy conditions. Available in the US, Canada, China, and India.

Get a complete view of US agriculture insurance

The Verisk model analyses 100% of the US agricultural premium; that’s why so many reinsurance brokers and global agricultural reinsurers use it.

Stay up to date on new insurance programmes

The US model accounts for new programmes like Enhanced Coverage Option (ECO), Hurricane Insurance Protection - Wind Index (HIPWI), and Pasture, Rangeland, Forage (PRF).

See a full range of hail loss estimates

Our crop hail models estimate hail and wind damage based on plants’ growth stages. One data source covers all insurance options for crop hail in the Canada and the US.

Find strategies that suit your risk-return target

Tap into our fund designation services to consider multiple factors, such as grower histories, probabilities of loss, and mean loss ratio.

View coverage for lines of business in China

In addition to crops, our Agriculture Model for China includes forest and livestock, covering losses from fire, wind, and pest/disease/rodent damage.

Based on a blind test of more than half a million crop insurance policies, Verisk's allocation recommendations led to a significant improvement in return by accurately selecting the best policies to keep. This innovative tool will be an essential part of our fund designation strategy moving forward.

Ron Rutledge

Farmers Mutual Hail Insurance Company of Iowa

Chairman, President, and CEO

Features and capabilities

A context-rich view of agricultural risk

Verisk models provide a probabilistic view of risk that maintains spatial and temporal correlations.

Award-winning weather index

Our award-winning weather-based detrending methodologies accurately isolate the impact of weather on crop yields from long-term technology trends.

Frequent model updates

Our models are updated regularly with new crop yield, forest, and livestock data, new loss and exposure information, and the latest changes to insurance programmes based on region.

High-quality data

High-resolution cropland and exposure are generated with satellite data, boosting the accuracy of location-specific yield and loss estimates.

Related resources

Stay in the know about important industry trends and innovative solutions.

Documentation

Extreme Event Solutions Client Portal

Access client-confidential downloads, training, and documentation for Verisk's extreme event solutions model, software, and service offerings.

Article

Drought X: Understanding the risks of a flash drought

Learn how flash droughts have wreaked havoc in the United States, with the Verisk US corn growth and yield model used to simulate a contemporary flash drought event and project potential disruptions.

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Video

Climate Change Could Reduce US Corn Production 40% or More

This televised interview from AM Best revealed that climate change is expected to reduce US agricultural production, including corn, in the 2046-2055 decade.

Watch the interview

Video

Dynamic modeling can help insurers close the livestock gap

This article on Insurance Day discusses how China’s underinsured livestock market is a significant risk in global agriculture and how dynamic modeling can help insurers close the livestock protection gap.

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About Catastrophe Modeling

In the case of rare but severe events, historical loss information is often unreliable in assessing future loss potential - that's where catastrophe modeling comes in.

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