A Primer On Federal Crop Insurance
MuSigma Webinar Series, June 28th, 2021
Speakers: Tim Davis, Gross Consulting
Federal Crop insurance is an unusual and seldom visited corner of the Property Casualty Insurance Market. And yet, this $10 billion industry has become a cornerstone of US Farm Policy and offers a myriad of diverse and interesting challenges for actuaries to overcome.
This MuSigma presentation will present a brief history of the Federal crop insurance program; outline the major goals of the program; demonstrate how coverage is established and rated; and discuss the unique characteristics of the risks, interactions of public and private entities, and reinsurance arrangements which drive underwriting and actuarial decisions.