Only 1% of #smallholder #farmers in #Africa were #insured in 2016/2017, #compared to more than 15% in #LatinAmerica and nearly 50% in #Asia, Faber analysts noted. According to #SwissRe, the #global #agricultural insurance market will be valued at $46 bn in #2020 and is expected to reach $80 bn by #2030, growing at a compound annual growth rate (#CAGR) of 5.7%.
Source: Reinsurance News
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