“Farmers are tyre kickers,” explains Latevo International’s Andrew Trotter, “they like to have a good, long hard look at things for a year or two before jumping in.”
When it comes to the multi-peril crop insurance (MPCI), farmer wariness is just one of the many challenges facing the market. And to be fair, who can blame them? After all, any household being asked to fork out $50,000 for an average insurance premium wants to make sure they’re getting their money’s worth.
Publication: NIBA Insurance Adviser
Date: 01 August 2016
By David Barbeler