AgriSeker is a specialist in underwriting in the South African crop insurance market. Our vision is to provide an agricultural risk management service and solution to our clients to enable them to play an important role in feeding the people of our beautiful country, whilst maintaining and sustaining food security.
AgriSeker provides our service offerings under the licence of the Land Bank Insurance Company (SOC) (LBIC) by means of a binder agreement with LBIC as the insurer, to manage and underwrite crop insurance on their behalf. With a wide service delivery network at hand, AgriSeker is best positioned to offer these services to farmers and clients throughout South Africa. Our extensive regional and field network supports our expertise and service offerings.
Our motivation and purpose entail a dedicated focus on agriculture through knowledge, understanding and participation in the agricultural sector. We are motivated to remain client focused, provide agricultural insurance services, as well as risk management solutions. We aim to establish and maintain relationships with clients and insurance advisers by creating sufficient infrastructure to support these relationships with superior knowledge, expertise and alliance in the field.
With years of expertise in the crop insurance industry, AgriSeker as underwriting management agency (UMA), operates at the centre as the preferred service provider to support farmers, intermediaries, brokers and other stakeholders in the financial value chain. AgriSeker is registered as an independent legal entity with all the necessary statutory obligations in place to operate as an UMA. The company only uses registered and accredited intermediaries approved by LBIC.
The AgriSeker service standards that customers have come to known and been able to rely on for the past few decades, is still solid in place to address the mitigation of their various risks needs. Producers who insure with AgriSeker, can be confident that claims will be paid out accurately and timely. Accessibility, open communication and vibrant service delivery are engrained in the way the AgriSeker Family does things.
Another proven fact from the AgriSeker and LBIC partnership is that it is known as one of the few companies with the least complaints regarding claims payments and service.
Stormy weather can have extreme consequences for your crops … especially if a promising harvest is abruptly destroyed by hail. AgriSeker supports our clients during every troublesome step of the way when risks threaten farming operations. Determining damage is where the AgriSeker Family’s expertise really comes into play.
Crop insurance is essential because climatic elements cause variability and increase risk in agricultural production. Choose wisely and protect your crop from unforeseen catastrophes with AgriSeker’s comprehensive and sustainable risk management solutions and products.
We provide confidence and a financial risk management service to the farmer. Cash flow pressure and other influences on prosperity is a reality, therefore we, together with our insurer, Land Bank Insurance Company (SOC) worked on strategies for the benefit of the producer. Our insurance solutions are specifically tailored to the needs of farmers, focusing not only on providing solid insurance, but also risk management solutions.
Although AgriSeker covers grains and oilseeds, orchards, together with vineyards and vegetables are also insured against damage from most weather conditions such as hail, frost, wind and fire, as well as unforeseen accidents like a heavy vehicle losing its load enroute to a silo. We are also there to help if the neighbour’s cattle break through the fence to feast on the delicious green maize.
After the assessment of damage, payment is handled quickly and precisely. When farmers insure their crops with AgriSeker, they can have the confidence and peace of mind that claims will be paid out on time. AgriSeker and LBIC’s payment methods are also backed by a reinsurance panel of a high-quality international ratings. Our flexibility and financial stability enable us to pay crop insurance claims swiftly and accurately. We add value to your farming business with the most appropriate workflow, expert product application and advice within the context of our statutory obligation.
AgriSeker conducts extensive research into technological progress to effectively address our clients’ ever-changing needs. We offer an operational and insurance support service, featuring a new unique underwriting and management portal system. This ensures prompt service which offers our clients accurate and effective results and make it easier for farmers to make a quick adjustment at a time that is usually the busiest time during production.
Information is communicated to our customers via the Cumulus (a weekly weather newsletter in season) which includes the immediate climate and weather conditions.
The Cumulus is compiled by Dr Johan Malherbe of the Agricultural Research Council (one of the best qualified agricultural meteorologists in the country) in collaboration with AgriSeker’s own Reinhard Kuschke, who originally started his career as an agricultural meteorologist also within the Agricultural Research Council. - Cumulu