Carlos Aguilar · MIA
v3.27 · August 2026 · Public version
World Bank Group · ALASA
Agricultural insurance in Latin America & the Caribbean
Official indicators of agricultural insurance across twelve priority countries, compiled directly from each country's insurance supervisor, agriculture ministry and statistical office.
Full agricultural line · 9 marketsArgentina, Bolivia, Brazil, Colombia, Guatemala, Honduras, Mexico, Panama and Peru
Whole insurance marketEcuador (agricultural program unpublished) and El Salvador
No agricultural insurance classJamaica
01 · Overview
Regional MAP by indicator and year
In this section
The regional map of agricultural insurance and the agricultural sector in Latin America and the Caribbean. Nineteen indicators in three groups (agricultural sector; insurance coverage; insurance market and risk) cover twelve countries, one year at a time from 2010 to 2025.
- Year explorer with animation, and zoom by region.
- Ranked country strip and aggregate tiles for the selected year.
- Per-country panel that pins when a country is clicked.
Details
Pick a data group and then an indicator chip to draw it on the map. The groups cover the agricultural-insurance line (coverage, market and risk) and the agricultural context behind the denominators.
- The year control (arrows, slider or play) moves the whole pane and opens on the year with the broadest coverage for the chosen indicator.
- Clicking a country, on the map or on its chip, pins its values below.
- The Map / Trend toggle redraws the same indicator as a time series without losing the pinned country; the region buttons zoom the map.
- Hovering a country shows its full history as a sparkline; the country chips below rank themselves by the live value.
- Every chart carries a TABLE view of its data.
Year
2025
Indicator · selected year
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Source: official institutions
Aggregates
Leads the ranking
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Lowest in the ranking
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Median across countries
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Data span
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Selected country · click a country to mirror
02 · Agricultural insurance · comparable
Agricultural insurance · comparable indicators for every country
In this section
Six agricultural insurance indicators read side by side across countries. Each indicator row ranks the reporting countries at the selected year, opens into the multi-country trend, and names the institution and publication behind every series.
- The indicators: insured farmland in hectares, share of cropland insured, share of planted area insured, claims paid to farmers, share of insured area that was hit, and farm insurance as a percentage of all insurance.
- The take-up rates cover Argentina, Bolivia, Brazil and Colombia; the physical loss ratio covers Bolivia.
- The remaining indicators span the seven countries that publish a full agricultural line.
The live charts and figures of this section are available in the members version of the platform. ALASA members enter through the member access on alasa.org; institutions interested in access can approach ALASA directly.
03 · Agricultural insurance · market review
Agricultural insurance market review: depth and structure
In this section
The commercial economics of agricultural insurance in six indicators. Every monetary series is expressed in constant 2015 US dollars, converted year by year.
- Premiums paid, loss ratio, combined ratio, share passed to reinsurers, and total coverage (sum insured).
- Market concentration through a Herfindahl index computed from per-company regulator filings.
- A closing card pairs premiums paid with credit to agriculture, one country at a time.
The live charts and figures of this section are available in the members version of the platform. ALASA members enter through the member access on alasa.org; institutions interested in access can approach ALASA directly.
04 · Structural contrast
What the numbers actually compare
In this section
How each agricultural insurance market is built, before any cross-country comparison.
- A classification table of market structure: commercial, state catastrophic, or mixed.
- A scatter chart that places every market at the selected year by farm insurance's share of the whole insurance market against the loss ratio, with bubble size following premium volume.
The live charts and figures of this section are available in the members version of the platform. ALASA members enter through the member access on alasa.org; institutions interested in access can approach ALASA directly.
07 · Subnational
Subnational drill-down by country
In this section
Department and state detail, one country at a time.
- Insured area, take-up and cropland by department or state and by crop for Bolivia, Brazil and Colombia; premium and sum insured by state for Mexico.
- The state catastrophic program by department for Peru; sum insured by department for Honduras; cropland by province and by crop for Ecuador and Jamaica; and Panama's agricultural line over time.
- Census layers add insurance and credit access from Mexico's Censo Agropecuario 2022 (by state and by farm size, with loss incidence and perils) and credit access from Colombia's Censo Nacional Agropecuario 2014.
- A per-insurer solvency reference covers Argentina, Bolivia, Brazil, Colombia and Peru.
The live charts and figures of this section are available in the members version of the platform. ALASA members enter through the member access on alasa.org; institutions interested in access can approach ALASA directly.
05 · Whole insurance industry & macro
The whole insurance industry · four headline indicators, all lines
In this section
Each country's insurance market as a whole, beyond the agricultural line. Eleven countries report the total-premium row, Ecuador included; premium per person and premium against GDP cover ten (Honduras lacks them), and the insurer count seven: Mexico and Ecuador publish a whole-sector company count rather than an agricultural-line one, so neither is carried here.
- Total premium across every line of business, premium per person, and premium against GDP.
- The number of insurers writing agricultural cover.
The live charts and figures of this section are available in the members version of the platform. ALASA members enter through the member access on alasa.org; institutions interested in access can approach ALASA directly.
06 · Proprietary indices
Three proprietary indices for cross-country analysis
In this section
Three composite indices, one score per country. Components carry equal weights and each is scaled 0 to 100 across the scored set, so a score is a relative position rather than an absolute level.
- The Market Development Index, the Catastrophe / Underwriting Risk Exposure Index, and the Market Structure / Concentration Index.
- Eight countries are scored: Argentina, Bolivia, Brazil, Colombia, Guatemala, Honduras, Mexico and Peru.
- The year control reads level components at the selected year (2023 is the published reference) and computes the risk statistics over the trailing five years.
The live charts and figures of this section are available in the members version of the platform. ALASA members enter through the member access on alasa.org; institutions interested in access can approach ALASA directly.
08 · Methodology & caveats
Assumptions, proxies, and data limitations
In this section
How every number is built.
- The currency convention: each local-currency value converted at its own year's official exchange rate and deflated to constant 2015 US dollars.
- The documented proxies that stand in for missing series, and the structural gaps that cannot be closed from public sources.
- The 52 official publications feeding the twelve countries, listed institution by institution.
Details
Four cards below.
- The currency convention behind every monetary series.
- The documented workarounds that stand in for missing series.
- The gaps that cannot be closed from public sources.
- The official publications feeding each country.
Currency convention
All cross-country monetary values in USD const 2015
Method: every local-currency value is converted at its own year's official exchange rate (World Bank series PA.NUS.FCRF) and then deflated with that year's US CPI, landing every monetary figure in constant 2015 US dollars. Converting year by year, rather than at a single reporting-date rate, keeps early-year levels and growth rates undistorted through inflation and devaluations. Ratio indicators (loss ratio, cession, market share, take-up) involve no currency at all.
CPI sources: World Bank Open Data (FP.CPI.TOTL) for the local-currency countries, with the IMF World Economic Outlook as fallback (Ecuador, Panama and El Salvador are dollarized, so only US CPI applies). Argentina uses an IMF plus INDEC chain because the World Bank does not publish an Argentine CPI series.
CPI sources: World Bank Open Data (FP.CPI.TOTL) for the local-currency countries, with the IMF World Economic Outlook as fallback (Ecuador, Panama and El Salvador are dollarized, so only US CPI applies). Argentina uses an IMF plus INDEC chain because the World Bank does not publish an Argentine CPI series.
Documented proxies
Where a workaround stands in for a missing series
Bolivia's combined ratio, 2022 to 2024: the APS does not publish expenses by line of business, so the ratio uses the expenses and production of UNIBIENES, the only insurer writing agricultural cover since 2020, at whole-company level. Agriculture is roughly 1.3% of UNIBIENES's book, so the proxy describes the company's economics rather than the line's, and it is flagged wherever it appears.
Argentina's claims paid, 2010: the SSN survey series starts in 2011, so the 2010 value is reconstructed as premium times loss ratio, both taken from the evolution table of the SSN's own 2025 edition.
Take-up is always shown as two indicators, never one. The share of cropland insured uses FAOSTAT's physical cropland, where each hectare counts once a year and countries compare cleanly. The share of planted area insured uses each country's national planted-area statistics (INE for Bolivia, PAM for Brazil, EVA for Colombia), where a hectare sown twice counts twice. Brazil in 2023 shows why both matter: 9.3% of cropland insured but 6.1% of planted area, the gap being the roughly 32 million hectares of the safrinha second harvest. For Bolivia, whose catastrophic program charges producers no premium, both rates read hectares covered rather than premium-based penetration.
Argentina's claims paid, 2010: the SSN survey series starts in 2011, so the 2010 value is reconstructed as premium times loss ratio, both taken from the evolution table of the SSN's own 2025 edition.
Take-up is always shown as two indicators, never one. The share of cropland insured uses FAOSTAT's physical cropland, where each hectare counts once a year and countries compare cleanly. The share of planted area insured uses each country's national planted-area statistics (INE for Bolivia, PAM for Brazil, EVA for Colombia), where a hectare sown twice counts twice. Brazil in 2023 shows why both matter: 9.3% of cropland insured but 6.1% of planted area, the gap being the roughly 32 million hectares of the safrinha second harvest. For Bolivia, whose catastrophic program charges producers no premium, both rates read hectares covered rather than premium-based penetration.
Structural gaps
Indicators absent at the source
Argentina's physical loss ratio: the SSN reports the amount and count of claims but not the hectares damaged, and in a market that is 97% hail cover the physical measure would say little anyway.
Bolivia's sum insured: the state program pays a fixed indemnity rather than insuring a declared capital, so there is no sum insured to report, and the APS yearbooks do not isolate it for the commercial line.
Ecuador's agricultural line: the whole insurance market is loaded from the SCVS, but the AgroSeguro program publishes its agricultural figures only inside a dashboard with no data export; a formal information request is the path to them. Until then, Ecuador contributes whole-market premium, penetration and per-capita figures.
Jamaica: the Financial Services Commission reports no agricultural or crop class. Agricultural disaster risk runs through the sovereign parametric layer (CCRIF SPC) rather than farmer-level policies, so Jamaica appears with its agricultural context and the AgriCare life and health scheme, which is social protection rather than crop insurance.
Bolivia's sum insured: the state program pays a fixed indemnity rather than insuring a declared capital, so there is no sum insured to report, and the APS yearbooks do not isolate it for the commercial line.
Ecuador's agricultural line: the whole insurance market is loaded from the SCVS, but the AgroSeguro program publishes its agricultural figures only inside a dashboard with no data export; a formal information request is the path to them. Until then, Ecuador contributes whole-market premium, penetration and per-capita figures.
Jamaica: the Financial Services Commission reports no agricultural or crop class. Agricultural disaster risk runs through the sovereign parametric layer (CCRIF SPC) rather than farmer-level policies, so Jamaica appears with its agricultural context and the AgriCare life and health scheme, which is social protection rather than crop insurance.
Sources currently loaded
What feeds the dashboard
Argentina: SSN Encuesta de Seguros Agropecuarios y Forestales (15 annual editions 2011-2025).
Bolivia: INSA Compendio Estadístico del Seguro Agrario 2012-2025 (catastrophic) + APS Anuarios 2010-2024 (commercial AGR) + INE crop statistics.
Brazil: SUSEP SES (whole market, ramo RURAL) + MAPA SISSER (PSR subsidy) + IBGE PAM (Censo Agropecuario 2017 catalogued, not yet loaded).
Colombia: SFC Formato 290 (financial line) + FINAGRO ISA microdata (subsidy, hectares) + UPRA EVA (planted area).
Ecuador: SCVS ranking (whole market) + SIPA / ESPAC (planted area, credit, climate). Agricultural line pending a formal information request; the AgroSeguro program publishes no data export.
El Salvador: SSF whole-market premiums (primas directas netas). No agricultural insurance line published.
Guatemala: SIB (ramo Agrícola and whole market) + MAGA (premium subsidy program; catalogued, not yet loaded).
Honduras: CNBS open data (commercial ramo Agrícola) + INE crop area.
Jamaica: Ministry of Agriculture Data Bank (crop statistics) + FSC (reports no agricultural or crop insurance class).
Mexico: CNSF SESA (ramo Agrícola y de Animales) + FES (whole market) + INEGI Censo Agropecuario 2022 (credit, insurance access and losses, by state) + AGROASEMEX (federal premium subsidy, ramo agrícola, 2016-2020).
Panama: ISA Memorias Anuales (public agricultural insurer: premiums, claims, subsidy) + SSRP (whole market) + INEC crop statistics (catalogued, not yet loaded).
Peru: SBS (ramo Agrícola, whole market) + MIDAGRI/FOGASA SAC (state catastrophic, by departamento).
FAOSTAT (7 domains, 12 countries, 2010-2024) + World Bank macro (population, GDP) + CPI deflators (WB FP.CPI.TOTL + IMF WEO + INDEC for ARG). All monetary values are in constant 2015 US dollars, converted year by year as described under the currency convention. Four of the twelve countries (Brazil, Ecuador, Jamaica and Mexico) belong to AgriConnect, the World Bank Group's smallholder-farming initiative launched in ten countries (worldbank.org/ext/en/agriconnect).
Bolivia: INSA Compendio Estadístico del Seguro Agrario 2012-2025 (catastrophic) + APS Anuarios 2010-2024 (commercial AGR) + INE crop statistics.
Brazil: SUSEP SES (whole market, ramo RURAL) + MAPA SISSER (PSR subsidy) + IBGE PAM (Censo Agropecuario 2017 catalogued, not yet loaded).
Colombia: SFC Formato 290 (financial line) + FINAGRO ISA microdata (subsidy, hectares) + UPRA EVA (planted area).
Ecuador: SCVS ranking (whole market) + SIPA / ESPAC (planted area, credit, climate). Agricultural line pending a formal information request; the AgroSeguro program publishes no data export.
El Salvador: SSF whole-market premiums (primas directas netas). No agricultural insurance line published.
Guatemala: SIB (ramo Agrícola and whole market) + MAGA (premium subsidy program; catalogued, not yet loaded).
Honduras: CNBS open data (commercial ramo Agrícola) + INE crop area.
Jamaica: Ministry of Agriculture Data Bank (crop statistics) + FSC (reports no agricultural or crop insurance class).
Mexico: CNSF SESA (ramo Agrícola y de Animales) + FES (whole market) + INEGI Censo Agropecuario 2022 (credit, insurance access and losses, by state) + AGROASEMEX (federal premium subsidy, ramo agrícola, 2016-2020).
Panama: ISA Memorias Anuales (public agricultural insurer: premiums, claims, subsidy) + SSRP (whole market) + INEC crop statistics (catalogued, not yet loaded).
Peru: SBS (ramo Agrícola, whole market) + MIDAGRI/FOGASA SAC (state catastrophic, by departamento).
FAOSTAT (7 domains, 12 countries, 2010-2024) + World Bank macro (population, GDP) + CPI deflators (WB FP.CPI.TOTL + IMF WEO + INDEC for ARG). All monetary values are in constant 2015 US dollars, converted year by year as described under the currency convention. Four of the twelve countries (Brazil, Ecuador, Jamaica and Mexico) belong to AgriConnect, the World Bank Group's smallholder-farming initiative launched in ten countries (worldbank.org/ext/en/agriconnect).