Silveus Insurance Group, Inc.
Silveus Insurance Group is the largest US independent crop insurance broker, distributing federal and private multi-peril crop and livestock insurance products through licensed agents across 40 states using its proprietary risk visualization platform and Agrisk Portal.
- Company typePrivate
- Founded1940
- HeadquartersWarsaw, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Silveus Insurance Group, Inc. does
Silveus Insurance Group, Inc. is a Warsaw, Indiana-headquartered crop insurance agency founded in 1940 and operated across four generations of the Silveus family. The firm distributes federal multi-peril crop insurance products — Revenue Protection (RP), Yield Protection (YP), Margin Protection (MP), Actual Production History (APH), Catastrophic Risk Protection (CAT), Pasture/Rangeland/Forage (PRF), Annual Forage (AF), Livestock Risk Protection (LRP), Apiculture (API), and endorsements such as SCO and ECO — alongside private solutions including Revenue Accelerator Max Protection (RAMP) and PriceFlex. As an Approved Insurance Provider (AIP) under the USDA Risk Management Agency, Silveus administers policies reinsured by the Federal Crop Insurance Corporation and will add the new federal CLIP umbrella product for the 2026 reinsurance year. It is described as the nation's largest independent specialty provider of crop insurance and largest independent crop insurance broker.
The company's go-to-market is sales-led via a licensed agent network spanning 40 states, anchored by regional offices in Lubbock, Dumas, Muleshoe, and San Antonio (Texas) and Greenwood Village (Colorado) under the Warsaw headquarters. Distribution is supplemented by an inside-sales contact center and a website-driven quote workflow. Supporting the agent channel is a proprietary risk visualization software platform and the Agrisk Portal, which the firm markets under its 'Connected Risk Management' methodology. The platform integrates with precision agriculture software so producers can share recorded field data directly for automated production reporting, with the agency citing a 95% reduction in FSA office visits among precision-agriculture clients. Affiliate Silveus Financial provides complementary grain management and financial services.
Revenue is generated through commissions on federal and private crop insurance placements; pricing is quote-based and not publicly disclosed, varying by crop, coverage level (e.g., 50-85% for RP), county, individual yield history, and policy elections. The customer base spans five-acre family farms to large multi-state corporate farming operations, with secondary segments in livestock/ranching, beekeepers, and beginning farmers/ranchers. On May 21, 2024, Silveus was acquired by Risk Strategies (a top-10 privately held US specialty insurance brokerage with 200+ offices) and now serves as the foundation of Risk Strategies' agriculture specialty practice, retaining the Silveus brand, leadership, and operating approach; the firm previously acquired the Cargill Crop Insurance Agency in 2016.
Silveus Insurance Group, Inc. firmographics
Firmographics- Name
- Silveus Insurance Group, Inc.
- Legal name
- Silveus Insurance Group, Inc.
- Website
- https://silveuscropins.com
- Company type
- Private
- Founded year
- 1940
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Silveus Insurance Group is the largest US independent crop insurance broker, distributing federal and private multi-peril crop and livestock insurance products through licensed agents across 40 states using its proprietary risk visualization platform and Agrisk Portal.
- Ownership category
- akta.pro rank
Silveus Insurance Group, Inc. industry classification
Industry- Product category
- Crop Insurance
- NAICS
- Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Crop & Farm Property Insurance (FSAJACAK)
Keywords
Where Silveus Insurance Group, Inc. is headquartered
LocationHeadquarters
- HQ city
- Warsaw
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Silveus Insurance Group, Inc. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Crop Insurance Products: Revenue generated through commissions on federal crop insurance products (MPCI, RP, YP, MP, SCO, ECO, PRF, LRP, etc.) and private insurance products sold through their network of agents. The company serves as an Approved Insurance Provider (AIP) administering policies reinsured by the Federal Crop Insurance Corporation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Insurance products are priced based on individual risk assessment rather than standardized tiers. |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Silveus Insurance Group, Inc. product offering
Product offeringCore offering
Silveus Insurance Group is an Approved Insurance Provider (AIP) that distributes and administers federal crop insurance products (including MPCI, Revenue Protection, Yield Protection, Margin Protection, SCO, ECO, PRF, and LRP) along with private insurance products (RAMP, PriceFlex) through a nationwide network of licensed crop insurance agents. The company serves U.S. farmers and ranchers across 40 states, complemented by proprietary risk visualization software and an Agrisk Portal for client self-service.
Product overview
Silveus Insurance Group operates as a comprehensive crop insurance agency offering a portfolio of federal crop insurance products alongside private insurance solutions. The core product suite includes federal plans such as Revenue Protection (RP), Yield Protection (YP), Margin Protection (MP), and area-based endorsements like SCO and ECO, complemented by specialized products for livestock (LRP), forage (PRF, Annual Forage), and apiculture (API). Private products including Revenue Accelerator Max Protection (RAMP) and PriceFlex enhance the federal offerings. The company also provides proprietary technology through the Agrisk Portal and is affiliated with Silveus Financial for grain management services.
Differentiator
Problem solved
Functional benefit
Products and services
- Margin Protection (MP)
Quantifiable outcome
- 95% of precision producers report fewer acres to FSA office after switching from traditional reporting
Companies that use Silveus Insurance Group, Inc.
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles3 records
Silveus Insurance Group, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Silveus Insurance Group, Inc. partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Cargill Crop Insurance AgencyminorSilveus acquired Cargill Crop Insurance Agency. Agent Zach Schmidt came to Silveus through this acquisition after working with Cargill for 8 years.
- USDA Risk Management Agency (RMA)coreSilveus operates as an Approved Insurance Provider (AIP) administering federal crop insurance programs reinsured by the Federal Crop Insurance Corporation (FCIC). Products include those authorized and regulated by the USDA RMA.
- Silveus FinancialminorSilveus Financial is an affiliated company offering grain management and financial services for agricultural operations. Located at silveusfinancial.com.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
Silveus Insurance Group, Inc. competitors and assessment
Company assessmentDirect peers
- NAU Country Insurance Company: One of the largest crop insurance providers in the US, operating as an Approved Insurance Provider with a multi-state agent network. Directly comparable to Silveus as a major multi-peril crop insurance distributor serving row-crop and livestock producers nationwide.
- Rain and Hail LLC: Major US crop insurance Approved Insurance Provider offering MPCI and crop-hail coverage through independent agents. Directly comparable business model and federal-crop product focus.
- Rural Community Insurance Services (RCIS): One of the largest crop insurance companies in the US and a leading AIP, serving farmers through a national agent network. Direct competitor offering the same federal crop insurance product suite as Silveus.
- ProAg (a CGB company): Approved Insurance Provider offering federal crop insurance and specialty crop products through independent agents across multiple states. Closely comparable distribution model and product mix.
- Hudson Crop Insurance Services: Crop insurance managing general agent underwriting federal and private products for a national agent network. Comparable crop-insurance intermediary model with multi-state agent distribution.
- ARMtech Insurance Services: Approved Insurance Provider offering multi-peril crop, crop-hail, and livestock insurance through independent agents. Direct competitor with similar federal-product focus and agent-led distribution.
- Crop Risk Services: Crop insurance provider serving agricultural producers through independent agents, with multi-state operations. Directly comparable Approved Insurance Provider positioning and customer base.
Broad incumbents
- Farm Bureau Financial Group: Large multi-line insurance and financial services provider serving rural and agricultural customers, with significant crop insurance operations. Comparable customer base but broader product portfolio than Silveus' crop-focused offering.
- COUNTRY Financial: Mid-sized US insurance and financial services company with a strong crop insurance practice serving farmers across the Midwest. Comparable agricultural customer base with broader product lines than a pure-play crop insurer.
- Great American Insurance Company (Crop Division): Large diversified P&C carrier with a dedicated crop insurance division offering federal and private crop products. Comparable federal crop insurance products but as part of a much broader insurance portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Silveus Insurance Group, Inc. social profiles
Digital presenceSilveus Insurance Group, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silveus Insurance Group, Inc. leadership team
Management profileNumber of profiles
Profiles5 records
Silveus Insurance Group, Inc. subsidiaries and ownership
Company hierarchySubsidiaries1 record
Silveus Insurance Group, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silveus Insurance Group, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silveus Insurance Group, Inc.
What does Silveus Insurance Group, Inc. do?
Silveus Insurance Group is an Approved Insurance Provider (AIP) that distributes and administers federal crop insurance products (including MPCI, Revenue Protection, Yield Protection, Margin Protection, SCO, ECO, PRF, and LRP) along with private insurance products (RAMP, PriceFlex) through a nationwide network of licensed crop insurance agents. The company serves U.S. farmers and ranchers across 40 states, complemented by proprietary risk visualization software and an Agrisk Portal for client self-service.
Is Silveus Insurance Group, Inc. a public or private company?
Silveus Insurance Group, Inc. is a private company. It is classified as corporate owned and is currently operating.
When was Silveus Insurance Group, Inc. founded?
Silveus Insurance Group, Inc. was founded in 1940. It employs 101 to 250 people.
Where is Silveus Insurance Group, Inc. based?
Silveus Insurance Group, Inc. is headquartered in Warsaw, United States, in the North America region.
How does Silveus Insurance Group, Inc. make money?
One revenue line is on record: crop Insurance Products.
Who are Silveus Insurance Group, Inc.'s main competitors?
Direct peers on record are NAU Country Insurance Company, Rain and Hail LLC, Rural Community Insurance Services (RCIS), ProAg (a CGB company), Hudson Crop Insurance Services, ARMtech Insurance Services and Crop Risk Services. Broad incumbents are Farm Bureau Financial Group, COUNTRY Financial and Great American Insurance Company (Crop Division).
Does Silveus Insurance Group, Inc. have an API?
No public API is recorded for Silveus Insurance Group, Inc..
What industry is Silveus Insurance Group, Inc. in?
Silveus Insurance Group, Inc.'s product category is Crop Insurance. Its primary akta.pro industry code is FSAJACAK, Crop & Farm Property Insurance. Its NAICS code is 52421 and its SIC code is 6411.