Global Ag Risk Solutions

What Global Ag Risk Solutions does

Global Ag Risk Solutions (GARS) is a Canadian insurance Managing General Agent (MGA) founded in 2009 and headquartered in Moose Jaw, Saskatchewan, that develops and distributes Production Cost Insurance, a whole-farm, multi-peril risk management product for grain and oilseed farmers across Western Canada (Alberta, Saskatchewan, and Manitoba). The flagship coverage combines protection for direct production inputs — seed, fertilizer, and chemical — with a farmer-selected gross margin band above those costs, underwritten by Aviva Canada Inc., one of Canada's largest property and casualty insurers serving 2.4 million customers. Coverage is customized using a proprietary database of farm-level results accumulated since 2009, which analyzes drivers of long-term agricultural success beyond yields and commodity prices. GARS distributes exclusively through a network of licensed insurance advisors across the three Prairie provinces, with advisors required to be farmers themselves and to hold provincial insurance licensing; sales are 100% commission-based, supported by digital lead capture and referral partnerships with banks, accountants, retailers, and peer farmers. The product portfolio extends beyond Full Coverage into six modules — Shared Risk (50/75% payout), Fixed Cost Margin, Band Coverage, AgWrap (integrating with AgriStability), and YieldPlus (stacking with provincial crop insurance) — allowing customization by risk tolerance and existing coverage. On November 6, 2024, GARS was acquired by HUB International, a global insurance brokerage headquartered in Chicago with 18,000+ employees; GARS continues to operate under its brand from Moose Jaw, now as part of HUB's agribusiness practice led by Greg Johnson (CSO, HUB Prairies) and with Marc Chouinard appointed as national Canada practice leader for agribusiness. The 11-50 employee firm remains focused on parametric, whole-farm agricultural insurance with no public revenue disclosure, but documented per-claim payouts ranging from roughly $212,500 to $1,400,000 for individual farm operations indicate a meaningful and recurring premium base.

Name

Global Ag Risk Solutions

Legal name

Global Ag Risk Solutions

Website

https://agrisksolutions.ca

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Global Ag Risk Solutions is a Canadian insurance MGA, founded 2009 in Moose Jaw, Saskatchewan, that underwrites Production Cost Insurance — whole-farm, multi-peril coverage combining direct input costs and gross margin — for grain and oilseed farmers in Alberta, Saskatchewan, and Manitoba, distributed through a licensed advisor network and acquired by HUB International in November 2024.

Ownership category

akta.pro rank

Product category

Agricultural Insurance

NAICS

Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industries

Farm Risk Management & Insurance Advisory (AFACAJAD), Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

Keywords

• Agricultural risk management
• Production cost insurance
• Crop insurance solutions
• Farm revenue protection
• Parametric weather insurance

Headquarters

HQ city

Moose Jaw

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Global Ag Risk Solutions operates as Managing General Agent (MGA) for Aviva Canada Inc. Revenue is generated through insurance premiums paid by farmers for Production Cost Insurance coverage. The company acts as intermediary between farmers and insurer, earning commission or underwriting fees.
2. Insurance Advisory Services: 100% commission-based sales force of Insurance Advisors who sell Production Cost Insurance products. Advisors earn commission on policies sold, driving sales distribution across Alberta, Saskatchewan, and Manitoba.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Global Ag Risk Solutions (GARS) develops and distributes Production Cost Insurance, a whole-farm, multi-peril agricultural risk management product underwritten by Aviva Canada. The flagship Full Coverage option covers direct input costs (seed, fertilizer, chemical) plus a farmer-selected gross margin, while modular variants (Shared Risk, Fixed Cost Margin, Band Coverage, AgWrap, YieldPlus) customize the policy to risk tolerance and integrate with government programs such as AgriStability. GARS distributes through a commission-based network of licensed insurance advisors serving grain and oilseed farmers across the Canadian Prairies.

Product overview

Global Ag Risk Solutions offers Production Cost Insurance, a portfolio of whole-farm, multi-peril agricultural risk management products. The core flagship product, Full Coverage Production Cost Insurance, covers direct input costs (seed, fertilizer, and chemical) and a selectable gross margin. This foundation is supplemented by modular coverage options including Fixed Cost Margin Coverage (covers gross margins above inputs), Band Coverage (customizable band of specific gross margin protection), Shared Risk Coverage (50-75% payout with lower premiums), AgWrap (wraps around AgriStability coverage), and YieldPlus (adds guaranteed revenue on top of provincial crop insurance). These products work together to provide progressive protection that can be customized to each farm's risk tolerance and existing insurance portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Full Coverage Production Cost Insurance Flagship whole-farm, multi-peril risk management solution covering direct input costs (seed, fertilizer, chemical) and a farmer-selectable gross margin above those costs. Designed for progressive Western Canadian grain and oilseed farmers seeking comprehensive risk management beyond traditional crop insurance.
• Fixed Cost Margin Coverage Covers the gross margin above input costs for farmers who already carry crop insurance. Protects farm performance after direct input costs are covered and preserves ability to manage fixed costs.
• Band Coverage Customizable Production Cost Insurance covering a specific band of gross margin between a chosen maximum level and the input-cost break-even point, allowing farmers to focus coverage on the exact risk they want to insure and control premiums.
• Shared Risk Coverage Production Cost Insurance with selectable 75% or 50% payout in claims, enabling financially strong operations to take on a larger share of risk in exchange for lower premiums while retaining whole-farm coverage benefits.
• AgWrap Insurance coverage designed to wrap around existing AgriStability government coverage. Provides protection for inputs and adds top-end gross margin coverage, with premiums adjusted to avoid overlap with AgriStability's 70% risk margin / 70 cents-on-the-dollar coverage.
• YieldPlus Enhanced revenue protection that works with provincial crop insurance at a lower premium. Recognizes provincial yield claims as revenue during the claim process, available even without provincial program enrollment, creating a seamless layer of bankable farm income protection.

Quantifiable outcome

• Claim payouts of $1,000,000 to $1,400,000 for individual farm operations in single claim events
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Aviva Canada Inc.coreStrategic or Co-development PartnerGlobal Ag Risk Solutions is the Managing General Agent (MGA) for Aviva Canada Inc. Aviva is one of the leading property and casualty insurance groups in Canada providing home, automobile, leisure/lifestyle and business insurance to 2.4 million customers. GARS develops and administers agricultural insurance products underwritten by Aviva.
• AgriStabilityminorStrategic or Co-development PartnerGovernment agricultural risk management program that covers 70% of risk margin and pays out 70 cents on the dollar in claims. GARS products (particularly AgWrap) are specifically designed to integrate with and extend AgriStability coverage, adjusting premiums to avoid overlap.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Rain and Hail Insurance: US crop insurance MGA and reinsurance provider owned by Chubb. Comparable as a long-standing MGA model in agricultural insurance, though operating at much larger scale and broader product set than GARS.
• Agriculture Financial Services Corporation (AFSC): Alberta provincial crown corporation offering crop insurance, AgriStability administration, and farm lending. Comparable because it is the dominant incumbent crop insurance provider in one of GARS's three core provinces, with overlapping farmer customers but operating as a government program rather than a private parametric product.
• Saskatchewan Crop Insurance Corporation (SCIC): Saskatchewan crown corporation administering provincial crop insurance and AgriStability. Direct incumbent competitor in GARS's home province, providing baseline multi-peril crop coverage that GARS products are designed to complement or stack with.
• Manitoba Agricultural Services Corporation (MASC): Manitoba crown corporation delivering crop insurance, AgriStability, and lending programs. Functions as the public-sector anchor in GARS's third core market, with YieldPlus and AgWrap products designed to integrate with MASC-administered coverage.
• NAU Country Insurance Company: One of the largest US crop insurance providers, offering Multi-Peril Crop Insurance and crop-hail products. Comparable as a major incumbent in crop insurance with the scale and reinsurance relationships GARS lacks as an MGA.
• ProAg (Producers Ag Insurance Group): US-based crop insurance provider offering Multi-Peril Crop Insurance, crop hail, and specialty ag coverage. Comparable as a large MGA-style crop insurance distributor with multi-peril products aimed at row-crop farmers.

Direct peers

• Climate Corporation (Bayer): Data-driven agriculture platform acquired by Bayer in 2013 for ~$930M, originally offering parametric weather-based crop insurance. Most directly comparable to GARS in combining proprietary agronomic data, weather modeling, and parametric insurance product architecture for row-crop farmers.
• Farmers Edge: Canadian-headquartered digital agriculture company offering data-driven crop monitoring and parametric insurance products. Directly comparable to GARS as a Canadian ag-tech firm serving prairie farmers with data-based risk management solutions.

Emerging players

• Indigo Ag: US-based agricultural technology company offering parametric crop insurance (Indigo Grain Indemnity) and sustainability programs. Comparable business model combining proprietary agronomic data with novel risk transfer products for grain farmers.

Others

• HUB International (parent): Global insurance brokerage that acquired GARS in November 2024. Listed as a contextual peer because GARS now operates as a practice within HUB, and HUB's broader agribusiness and farm insurance brokerage capabilities (across the US and Canada) represent both an enabler and a competitive constraint for GARS's expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/globalagrisk
• Facebookfacebook.com/GlobalAgRiskSolutions
• LinkedInlinkedin.com/company/global-ag-risk-solutions

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Global Ag Risk Solutions