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International Crop Insurance Landscape

Only 1% of smallholder farmers in Africa were insured in 2016/2017, compared to more than 15% in Latin America and nearly 50% in Asia, Faber analysts noted. According to Swiss Re, 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%.


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