Farmers Received UAH 245.9 Million in Insurance Indemnities in the 2025 Season

Agricultural enterprises received UAH 245.9 million in insurance indemnities for losses caused by adverse weather conditions under the MeteoCoverage 2025 program. The program is implemented by Syngenta (a leading developer of crop protection products and seeds) in partnership with INGO Insurance Company.

In 2025, 739 agricultural enterprises from various regions of Ukraine participated in index-based insurance, covering nearly 1 million hectares of crops (968,000 hectares). Compared to 2024, the insured area almost doubled (502,000 hectares last year). A total of 3,093 insurance certificates were issued, two-thirds of which recorded the occurrence of insured events.

All insured events under the program were identified automatically, without the need for field inspections. This was made possible by the index-based mechanism, which compares satellite data on temperature and precipitation (CMORPH, NEMSGLOBAL) against predefined threshold values. When these indicators exceed the thresholds, the system automatically registers an insured event, triggering the indemnity calculation. This approach ensures a swift, transparent, and objective claims settlement process.

The largest number of claims came from the south-eastern and central regions, where drought and heat during critical growth phases (flowering and grain filling) led to the greatest yield losses. Based on the structure of farmers’ losses, drought accounted for 59% of the total indemnity volume, and heat stress for 41%.

“For the second consecutive year, drought and high temperatures have been the main causes of losses for Ukrainian farmers,” noted Ruslan Zymovets, Head of the Agricultural Insurance Department at INGO.

Roman Khrypko, Head of Insurance and Banking Solutions at Syngenta, emphasized that the MeteoCoverage program has fundamentally changed the way Ukrainian agribusinesses manage weather-related risks. “The record number of participants this year demonstrates the confidence farmers place in our program,” he said.

The volume of indemnity payments reflects how different crops responded to moisture deficits and high temperatures during critical periods. Rapeseed indemnities were paid sporadically—around 7% of participants, mainly in central and eastern regions. Approximately 43% of wheat growers received indemnities, with the most severe moisture deficits observed in the east, center, and south. Around 74% of corn producers received indemnities, with the highest indemnities in the most affected areas. The largest share of claims came from sunflower growers—about 82% of insured farms, primarily in southeastern regions.

According to agricultural producers, the indemnities proved crucial for maintaining financial stability and sustaining production plans. Over ten years, MeteoCoverage has evolved from an experimental initiative into a well-established risk management tool. The near doubling of participating farms within a year indicates that Ukrainian farmers are now approaching unpredictable weather seasons with far greater preparedness.

Reference

JSC “Insurance Company INGO” is one of Ukraine’s leading corporate insurers. For over 30 years, the company has been providing insurance solutions for businesses across multiple sectors, including agriculture, industry, transport, logistics, and energy. INGO holds licenses for 18 classes of insurance and ranks among the market leaders in premiums, assets, and claims paid.

The company operates a nationwide network of 25 branches, 5 offices, and 9 service centres, enabling effective client service in all regions of Ukraine. INGO complies with all National Bank of Ukraine (NBU) requirements regarding solvency, ownership transparency, and risk management systems. It is a member of both national and international insurance associations. On April 28, 2025, the IBI-Rating agency affirmed INGO’s long-term credit rating at the uaAA level.

Syngenta is one of the world’s leading agricultural innovators, developing high-quality crop protection products and seeds for field and vegetable crops. Operating in over 100 countries and employing approximately 60,000 people, the company is part of the Syngenta Group. In Ukraine, Syngenta has been providing farmers with access to advanced technologies for over 20 years, investing in scientific research and partnering with educational, research, and industry institutions. The company’s activities are guided by the principles of sustainable development, including yield improvement, soil and biodiversity preservation, and the enhancement of rural community welfare.