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For most who practice it, crop reinsurance underwriting tends to be a part-time occupation, an activity that often may be usefully fitted in between the main renewal seasons for mainstream reinsurance business.
As such therefore, it is easy for practitioners not to fully grasp the finer points concerning the subject matter of what they are covering. Although usually classified as property business, structures and rating techniques, etc, need to be different to reflect the special characteristics of crop business.
However, this book is not intended to provide readers with any detailed descriptions of crop insurance underwriting or loss assessment, but rather seeks to provide an overview of the global crop insurance market and explain how reinsurance may be used to spread the risk assumed by the original insurer.
While there is no 'secret formula' to agricultural reinsurance, this book provides a meeting place for the ideas, anecdotes, philosophies and knowledge of the world's talent pool in this specialist field, providing an excellent knowledge base and bringing many experts together.