Bioline Insurance, a new player on the agricultural insurance market
12 November 2018
Agriculture-dedicated InVivo Group entity Bioline Group is expanding its activity and entering the insurance market with the launch of Bioline Insurance.
Insurance: an answer to farmers’ expectations
3 out of 4 farmers do not insure their harvests for several reasons, considering coverage to be “useless and never actually providing compensation” or ‘too expensive”. Considering this situation, Bioline Managing Director Antoine Poupart explains: “our offer comes as a response to farmers’ inquiries. It seeks to make harvest insurance useful and affordable while also offering adequate protection from climate risks, which continue to increase in frequency and magnitude. "
A strong alliance with solid partners
With the launch of Bioline Insurance, Bioline Group complements the existing spectrum of insurers and proposes a custom-made offer for farmers and member cooperatives.
The Bioline Insurance offer is based on a national framework agreement with a world leader of the insurance and reinsurance, with the capacity to assure 100 % of our initiative (1 000 000 hectares). Due to his size, our partner will be capable of accompanying the international development of our activity.
This insurance product will be integrated by the cooperatives into some of their procurement, collection and consulting offers.