What We Do

‘’The simplicity of this product is the key to providing our insureds with absolute certainty, so at a time when they need it most, they can trust our product to respond quickly and deliver much needed funds to protect their employees and business".

“At Markel, we’re always looking for new, smarter ways to support our customers and to trial promising new ideas that respond to changing needs. We are delighted to work with our partners, NFU Mutual, Skyline and Gallagher, on this initiative and to support farmers’ risk management in a way that traditional insurance products have not.”

“Parametric insurance is already used to protect farmers’ incomes in some countries. We believe this type of cover may become increasingly important in the UK to protect other agricultural and horticultural sectors as the effects of climate change intensify.”

“If farmers can’t afford to repay their loans, our ability to remain operational is put at risk. Without loans from credit unions, many farmers in Jamaica simply would not be able to afford to operate. This coverage helps to smooth out that volatility and provides them the confidence to continue to deliver the essential financial support that so many people rely upon to make a living.”

“Climate change is causing huge changes in the type and scale of risks, especially for developing nations that are both facing the most severe effects, and are least protected by insurance. We’re starting to see insurance being used in scenarios that it never would have been 5 years ago. By asking the right questions about the risks that people, organisations and nations are facing today, and pushing the boundaries of insurability, the insurance industry has the potential to truly face up to the challenges of climate change and protect those who are most exposed.”

"ITK has built a worldwide reputation by developing advanced technologies for the performance and sustainability of agricultural production. This partnership allows us to combine our strengths, to support agriculture in its resilience and efficiency”. "With this partnership, we are definitely entering the Insurtech market with an offer that has no equivalent in the world in the field of agricultural weather insurance, and that protects farmers and the entire industry."

“SCOR is excited to contribute to this collaboration which is a perfect example of SCOR’s ability to share and leverage its industry-recognized expertise in agriculture with the goal to contribute to the welfare and resilience of society”