With more than 1.357.000 ha insured nationwide, Agra Asigurări currently holds a more than 50% market share. Analysing the financial results of 2023, the company's notable performance in agricultural insurance stands out.

With insurance premiums

The company has demonstrated stable growth in generated income of more than €340 million in insurance premiums collected at the group level. Also, at the group level, the insured area totaled 4.2 million hectares, and the sum insured of €10.8 billion indicates an expansion of the insurance portfolio and a strengthening of the market position. The approximately 67.000 customers demonstrate confidence in the company's services, and the presence of 180 employees and over 550 assessors underlines the size and scale of its operations. Overall, the 2023 financial results reflect a promising outlook for the company's future in the insurance industry.

"We are firmly committed to a strategic development direction focused on the satisfaction and protection of the work of Romanian farmers, who face unpredictable climate changes every year. Thus, we have identified key areas of development in the Romanian market, such as continuing to offer services relevant to local agriculture needs and strengthening our position in the insurance market. These include the widest range of insurable risks in Europe and high-quality digitised services, covering key agricultural sectors such as arable farming, fruit growing, viticulture, protected areas - and vegetable growing. With these initiatives, we reaffirm our commitment to sustainable growth and ensure that we are always up to the mark in a changing economic environment", stated Adrian-Horia Lupu, Managing Director of Agra Asigurări.

Agra Asigurări offers Europe's fastest and most modern claims assessment, with an in-house payment approval time of less than 2 days. The Agra Asigurari online portal brings numerous advantages to customers and brokers alike, such as a simplified communication process, easy access regardless of location, an online bonus calculator, secure viewing of insurance documents, simple and fast claims endorsement, and the possibility to access the AgraSat service, for real-time viewing of satellite images of owned crop plots.

Insurance dedicated to orchards

Orchard Insurance offers two distinct types of coverage: Orchard Basis and Protected Orchard Basis. The first product ensures the fruit of plantations or fruit bushes against hail, irrespective of the variety. Even new plantations are included, with the obligation to ensure the entire area is planted with the same crop/plant/species.

In the case of the second option, both the fruit trees or fruit bushes and the hail protection system and the fruit trees are insured against hail and storms, provided that the area covered by the hail protection system does not exceed 15 hectares. In the event of total damage to the hail protection system, mechanical damage to the fruit will also be compensated. Rain protection sheets under the hail protection netting and other additional equipment can be insured against hail and storm risks.

The amount insured varies according to the type of plantation and insurance product. For Orchard Basis, the insured amount for hail risk can be chosen by the client, depending on the expected production.

For the Protected Orchard Basis, the sum insured for the plantation's fruit can be chosen by the insured depending on the expected production. For protection systems, the sum insured is set at 60.000 lei/ha for the support structure, 40.000 lei/ha for the hail net, and 75.000 lei/ha for fruit trees, with no possibility of change.

Compensation for fruit plantations in fruit-bearing trees is calculated according to the classification of the fruit according to European Union quality standards. It is granted in the event of total or partial damage, with or without deductible, depending on the extent of the damage. 

Depending on the crop and the amounts insured, farmers may also incur several types of excess. The underwriting deadline for these insurances is May 15th; the cover comes into effect after the plants have fully flowered.

Insurance products dedicated to wine-growing

The Basis Vineyard Package provides insurance for vineyards, vineyards, and graft nurseries against climatic risks, including hail, fire/fire, and storm/heavy rain. The insurance covers additional technological expenses caused by hail for grapes after the BBCH 85 stage of vegetation. 

Under the Universal Vineyard Package, insurance additionally includes protection against late spring frost. The late frost cover is valid from bud break and extends until May 31st.

Among the benefits offered by this product is the choice of the sum insured. Damage assessment is carried out quickly, without requiring additional documents (e.g. a report from INMH), and payment of the insurance indemnity is made within 30 days of signing the final damage protocol.

Thus, Agra Asigurări guarantees fast and competent assistance in case of damage, providing essential support in difficult moments. By continuously investing in qualified and motivated employees and developing its team of assessors, which consists of farmers and agronomists who understand the reality of field activities, Agra Asigurări strengthens its ability to respond efficiently to its clients' varied needs. The company is also committed to growing profitably and operating sustainably, considering both customer requirements and the impact on the community and environment.

Despre Agra Asigurări

Începând cu 2016, compania Agra Asigură oferă produsele sale de asigurare fermierilor din România fiind singurul asigurător specializat pe domeniul agricol. Prin dezvoltarea permanentă a paletei de produse, compania oferă asiguraților cele mai bune soluții pentru prevenirea efectelor climatice. Agra Asigurări garantează cea mai rapidă și modernă evaluare de daune din Europa. Astfel, ajutorul rapid și nebirocratic în caz de daună este principiul de bază al societății Agra Asigurări.