Expert Risk Strategy
Farmers face many challenges to produce their crops sustainably and profitably due to climate change and increased variability. To increase risk bearing capacity, we have designed bespoke and comprehensive insurance products that covers small-scale, medium-scale and large-scale farmers.
Multiperil Crop Insurance (MPCI)
MPCI covers a wide array of risks providing a broad safety net for farmers. Payments are based on the yield of the crop, which can be assessed through farm records or on-site inspections. Policies can often be tailored to specific crops, farming practices, and regional risks. This product is suitable for large-scale farmers.
Asset
We cover fixed and/or movable farm assets, vehicles, buildings and their contents against the following:
Burglary or Theft, All Risk Insurance, Accidental Damage, Damage to loss of electronic equipment, machinery break-down and business interruption.
Loss or damage to private dwelling and contents thereof.
Livestock, Bloodstock and Wildlife
Livestock farming is the biggest agricultural sector in South Africa and Africa. However, the industry suffers many threats – from diseases to weather and theft. Maksure offers a range of cover solutions from fire and lighting for cattle, sheep, wildlife and bloodstock as well as weather and water-related perils, attacks from wild animals and more. Our Livestock, Bloodstock and WIldlife solutions can be deployed on a parametric basis as well.
Parametric Insurance
Parametric index insurance offers a valuable tool for managing agricultural risks, especially in the context of increasing climate variability. By leveraging objective indices, it simplifies the claims process and provides timely payouts. Payouts based on the occurrence of predefined parameters or indices—such as area yield, rainfall levels, temperature thresholds, or wind speeds—rather than the actual losses experienced by the policyholder.
Richard Makanza
Head: Agronomist
Silas Seokoma
Agriculture Specialist
Amos Mahlangu
Agriculture Specialist