The global agriculture platform of Sompo International Holdings, AgriSompo, has entered into a strategic broking relationship with InVivo Group, a national union of 201 member cooperatives representing more than half of all farmers in France. Working through the Group’s Bioline Insurance subsidiary, AgriSompo will offer crop insurance solutions to the French agricultural market.
AgriSompo delivers traditional and parametric crop insurance and reinsurance products for farmers, cooperatives and input providers, through agents, brokers and insurance companies around the world. Bioline Insurance provides the cooperatives and farmers it represents with access to risk management providers and services.
According to Kris Lynn, chairman, AgriSompo and senior vice president, Global Agriculture, Sompo International, the InVivo and Bioline Insurance partnership will allow AgriSompo to broaden its relationships and introduce new products.
Florian Dupuy, CEO of Bioline Insurance, said the strategic partnership will enable the company to further reach its target market and provide crop insurance protection to the broader French agriculture market.
AgriSompo is an integrated underwriting, technology and distribution platform. It was launched in 2017 by Sompo International. It has a growing presence in North and South America, Asia and Europe.
Was this article valuable?
Here are more articles you may enjoy.