A dedicated insurance cover for African Swine Fever (ASF)
March 25, 2020
We are pleased to announce that IPR, in close collaboration with leading carriers in London and a local producing broker, has recently finalised a bespoke livestock product protecting Spanish pig farmers against the risk of African Swine Fever (ASF).
This viral disease does not present a danger to humans but, since there is no vaccine for suids, it represents a serious threat to the swine industry. Infection causes fever and internal bleeding that lead directly to the death of the animal in 90% of cases and the slaughter of all head on affected farms in order to prevent the spread of any outbreak.
To date, cases of ASF have been registered in Estonia, Latvia, Lithuania, Poland, Romania, Hungary, the Czech Republic and, more recently, Belgium where the disease has been detected in wild boar.
What information do underwriters use to evaluate each risk?
- Total sum insured (calculated on the basis of the type and number of head);
- Location of the insured farm;
- Biosecurity measures implemented on the farm.
Who might be interested in buying this product?
- Pig owners;
- Farmers who raise pigs on behalf of an owner.
How does the product work?
The policy covers losses occurring in the event of an outbreak on the insured farm. The underwriters agree to indemnify the insured for:
- the difference between the compensation offered by the Spanish government and the value of the slaughtered animals;
- fixed costs following government slaughter (cover operative for 6, 9 or 12 months).
When and how to request a quotation.
At the moment this ASF product is available for insureds domiciled in Spain through our exclusive partner only, however IPR can also consider requests arriving from other territories.
For all livestock enquiries, please write to quotations@iprbrokers.com with the following information:
- sum insured (number of head x animal value);
- type of animals;
- location of farm;
- coverage required.
For any further information, please call our London offices on +44 (0)20 7621 7922
