Federal Crop insurance is an unusual and seldom visited corner of the Property Casualty Insurance Market.  And yet, this $10 billion industry has become a cornerstone of US Farm Policy and offers a myriad of diverse and interesting challenges for actuaries to overcome.

This MuSigma presentation will present a brief history of the Federal crop insurance program; outline the major goals of the program; demonstrate how coverage is established and rated; and discuss the unique characteristics of the risks, interactions of public and private entities, and reinsurance arrangements which drive underwriting and actuarial decisions.