The shrimp industry, the most valuable species within aquaculture measured by global revenue, is effectively un-insurable because of dubious farming methods and high levels of disease?

OMG – what are the markets doing about this ? Dubious farming methods? Mark & Spencers UK? Sainsbury’s? Walmart? What – is BAP/GAA certified not insurable? What about ASC. High levels of disease….help AMR – antimicrobial resistance.

What about insurance post harvest – cold chain, discovery of antibiotics in meat, recalls on food safety?

I don’t think this reporting reflects reality and shows how out of touch insurance and bankers are from industry.

Shrimp industry is high risk high reward – so not really AXA territory – and effectively is managed as self-insured.

High levels of potential for disease – maybe, but manageable with simple good husbandry.

Its not about dubious farming methods – certifiable to anything is possible in the industry.

Transparency has been available for decades with preferred suppliers. Of course the cheap stuff could be iffy – cowboys in industry,

Insurance companies should stick to their strategies but don’t expect the industry to turn from being a high risk high reward industries to be involved in – not for the faint hearted the industry tends to be sufficiently successful (global Trade figures) and staying basically being self insured – no requirement for controls proposed.

Nothing is that quantifiable (yet!) in nutrient rich shrimp culture water.

The subject of insurance in shrimp farming was broached decades ago – and discarded. The shrimp industry, the most valuable species within aquaculture measured by global revenue, is effectively uninsurable because of dubious farming methods and high levels of disease.

https://www.undercurrentnews.com/2020/01/09/most-of-the-aquaculture-industry-as-it-currently-stands-is-uninsurable-axa-says/