Verisk Multiple Peril Crop Insurance (MPCI) Model for the United States

The Verisk Multiple Peril Crop Insurance (MPCI) Model for the United States allows Touchstone Re users to analyze and assess potential losses for the MPCI program within the federal crop insurance program administered by the Federal Crop Insurance Corporation (FCIC) and Risk Management Agency of the United States Department of Agriculture (RMA).

In this program, the Standard Reinsurance Agreement (SRA) between the government and the insurance companies provides a first layer of protection by capping the maximum losses for each individual crop insurance company. The remaining risk is subject to private reinsurance. The model covers the 48 contiguous states (Earlier versions of the model excluded Nevada and the New England states.). All weather-related perils (except hail) are directly or indirectly modeled including drought, excessive precipitation, freeze/frost, floods, and wind. For details on crops and coverages go to www.rma.usda.gov.

For more information, refer to the landing page https://www.air-worldwide.com/models/landing-pages/verisk-multi-peril-crop-insurance-model-for-the-united-states/ available on the Client Portal.