28 August 2020News

Sompo partners with InVivo as it pushes into French agriculture market

Sompo International Holdings has entered into a strategic broking relationship with InVivo Group to enhance its global agriculture platform, AgriSompo.

InVivo is a national union of  201 member cooperatives representing more than half of all farmers in France. The partnership sees AgriSompo offer crop insurance to the French agricultural market via Bioline Insurance, a subsidiary of InVivo.

AgriSompo delivers customised traditional and parametric crop re/insurance products to all participants of the agriculture value chain, from farmers, cooperatives and input providers, to agents, brokers and insurance companies.

Kris Lynn, chairman of AgriSompo and senior vice president of global agriculture at Sompo International, said: “By combining Sompo International’s experience developing leading-edge crop insurance products with Bioline Insurance’s strong network and reputation in the French crop market, we will have the opportunity to deliver meaningful solutions that address the evolving insurance needs of this growing market.”

Florian Dupuy, chief executive of Bioline Insurance, said: “As we continue to explore unique ways to improve agricultural production while reducing and managing losses throughout the food chain, we believe the AgriSompo team with its extensive agriculture insurance capabilities and breadth of products is well positioned to work alongside our cooperative members and farmers as they look for innovative ways to manage their risks.”