NFU Mutual, Gallagher, Markel and Skyline Partners team up on pioneering product for dairy farmers
A quartet of specialists have joined forces to create the UK’s first parametric heat-stress insurance for dairy farmers.
Parametric insurance specialists Skyline Partners developed and computed the product, which is being distributed by co-developers NFU Mutual along with Gallagher. It is 100% underwritten by Markel.
The long-term intention is to investigate a range of on-demand parametric covers for the agriculture and horticulture sectors, which face changing climate-related losses.
Brokers were warned last year that they will lose out if they do not engage with parametric insurance, a fast-expanding offering
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