AGROSEGURO was founded as a joint-stock Company in 1980. Its aim is to manage the agricultural insurance on behalf of the shareholding insurance companies. These companies, which are joint-stock companies as well as mutual companies, share the coinsurance pool that operates in the agricultural insurance market in Spain. The agricultural insurance system in Spain is based on a public-private partnership where the Government, private insurers and producers are represented through different bodies. The Spanish agricultural insurance offers cover for damages caused to agricultural productions (crops and livestock), aquaculture and forestry due to: - Unusual changes in the weather conditions. - Diseases and accidents that involve death, obligatory slaughter, incapacity and even loss of a specific function of the animal. - Forest fires. Currently, all agricultural and livestock productions can be insured against nearly all agro-climatic risks (crops), accidents and diseases (livestock).
