AgriRisk is happy to report that insurers have become more comfortable with the concept of MPCI. Last season, two products were available and we now have a third and possibly a fourth product about to be launched for the upcoming season.
All these products differ in terms of their complexity, the perils they cover, how they operate and more importantly, the regions where risks are accepted. There are also strict deadlines on participation with most requiring sign up by 30 April 2015.
“AgriRisk’s general view is that there is still quite a mismatch between a grower’s expectations of the coverage (and cost) and those of the insurers. From what we have determined so far the products are not cheap and the cover is limited,” Managing Director, John van der Vegt said.
“Having said that, there is certainly considerable interest so if you would like to understand more about these new risk management products and your options please contact our specialist in this area, Anna Holland,” he said.
Anna specialises in Tailored Risk Solutions and non-traditional products and has been monitoring and evaluating MPCI products as they enter the market, so is well placed to advise you on the available options.
Anna can be contacted on:
Phone: (02) 9965 1100