About us

 

Introduction and objectives

Traducir al español - Translate to spanish
 

The Spanish Agricultural Insurance System was founded in 1978 to provide a technical and financially viable cover that would allow the agricultural sector to cope with the severe damage caused to production by uncontrollable and unpredictable risks that have catastrophic consequences and to provide the State with an effective instrument to implement a rational policy for the sector.

Agricultural insurance in Spain is based on joint participation between public and private institutions. It is voluntary and private insurance companies participation is realised through a coinsurance pooling scheme (22 companies currently take part in it). Agricultural insurance cost for producers is partly subsidized by the Government.

Currently, there is insurance available to cover all agricultural production against virtually all natural risks. This system is considered one of the most successful and wide-reaching in the world.