AgriSompo
AgriSompo North America is a federally-approved crop insurance provider that administers multi-peril crop, livestock, and specialty-crop insurance products to US farmers and ranchers through a nationwide network of independent agents and its proprietary AgriNet platform.
- Company typePrivate
- Founded2021
- HeadquartersLubbock, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What AgriSompo does
AgriSompo North America is one of the largest federally-sponsored crop insurance providers in the United States, formed in 2021 through the merger of ARMtech Insurance Services and Diversified Crop Insurance Services, both subsidiaries of Sompo International. The company operates as an Approved Insurance Provider (AIP) under the USDA Risk Management Agency's Standard Reinsurance Agreement, administering multi-peril crop insurance (MPCI), Whole Farm Revenue Protection (WFRP), Micro Farm, Margin Protection, livestock products (LRP, LGM, DRP), and a suite of private products including Crop Hail, Replant Option, and named-peril coverages. AgriSompo maintains an A+ (Superior) Financial Strength Rating from AM Best, reaffirmed annually since 2017.
The company's central technology asset is AgriNet, a proprietary crop insurance processing platform deployed since the 2002 reinsurance year. AgriNet handles quoting, policy management, acreage reporting, mapping, and claims processing across the full insurance lifecycle, with a mobile companion (AgriNet Connect), precision-agriculture data integration, and an upcoming automated livestock-quoting module. Agents interact with AgriNet as the system of record for policy operations, while policyholders access their accounts through online portals.
AgriSompo distributes exclusively through a nationwide network of independent crop insurance agents who sell and service policies to farmers and ranchers across all major US agricultural regions. Revenue is generated from federal crop insurance premiums (with risk shared with the federal government through the SRA), livestock and private product premiums, and ancillary fees such as the $655 CAT administration fee. The company employs 1,001-5,000 people and is headquartered in Lubbock, Texas, serving as the US agricultural insurance arm of Sompo International.
AgriSompo firmographics
Firmographics- Name
- AgriSompo
- Legal name
- AgriSompo
- Website
- https://agrisompo.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- AgriSompo North America is a federally-approved crop insurance provider that administers multi-peril crop, livestock, and specialty-crop insurance products to US farmers and ranchers through a nationwide network of independent agents and its proprietary AgriNet platform.
- Ownership category
- akta.pro rank
AgriSompo industry classification
Industry- Product category
- Crop Insurance
- NAICS
- Support Activities for Animal Production (11521)
- SIC
- Agricultural Services (700)
- akta.pro primary industry
- Crop & Farm Property Insurance (FSAJACAK)
- akta.pro secondary industries
- Farm Risk Management & Insurance Advisory (AFACAJAD), Agriculture / Crop & Livestock Reinsurance (FSAOABAO)
Keywords
Where AgriSompo is headquartered
LocationHeadquarters
- HQ city
- Lubbock
- HQ country
- United States
- HQ region
- North America
Markets served
AgriSompo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Federal Crop Insurance Premiums: AgriSompo generates revenue as an Approved Insurance Provider (AIP) administering federally-sponsored crop insurance. Revenue comes from premiums paid by farmers and ranchers for Multi-Peril Crop Insurance (MPCI) and other crop/livestock insurance products, with the federal government sharing risk through the Standard Reinsurance Agreement (SRA).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Catastrophic (CAT) Coverage |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
AgriSompo product offering
Product offeringCore offering
AgriSompo provides federal and private crop insurance products, livestock insurance products, and supplemental coverages to U.S. farmers, ranchers, and dairy producers. Its offerings include multi-peril crop insurance (MPCI), Crop and Livestock Income Protection (CLIP), Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP), Whole Farm Revenue Protection (WFRP), Crop Hail, Named Peril, and endorsements such as Enhanced Coverage Option (ECO), Supplemental Coverage Option (SCO), Margin Coverage Option (MCO), Post-Application Coverage Endorsement (PACE), Replant Option, Apiculture, Annual Forage, Nursery, Pasture/Rangeland/Forage (PRF), BAND, and Xtra Bundle. Policies are priced and serviced through the proprietary AgriNet platform and delivered via a nationwide network of independent crop insurance agents.
Product overview
AgriSompo is one of the largest crop insurance providers in the United States, offering a comprehensive portfolio of federal crop insurance products, private products, and livestock insurance through its proprietary AgriNet technology platform. The core product portfolio centers around multi-peril crop insurance (MPCI) including Revenue Protection (RP), Yield Protection (YP), and Whole Farm Revenue Protection (WFRP), supplemented by livestock coverage (LRP, LGM, DRP). The AgriNet platform serves as the central processing system enabling agents to quote, write, and service policies. Private products like Crop Hail, Xtra Bundle, and BAND provide additional coverage options. Recent additions include Crop and Livestock Income Protection (CLIP) and automated livestock quoting capabilities. The company combines crop and livestock insurance with expert industry knowledge to deliver nationwide risk management services.
Differentiator
Problem solved
Functional benefit
Brands
- AgriNet: Proprietary crop insurance processing software platform used by agents and policyholders
- AgriNet Connect
- AgriNet Quoting
- AgriNet Mapping
- ACRE
- ASNA Edge
- Silver Circle Award
Products and services
- Multi-Peril Crop Insurance (MPCI)
- Whole Farm Revenue Protection (WFRP)
- Crop and Livestock Income Protection (CLIP)
- Livestock Risk Protection (LRP)
- Livestock Gross Margin (LGM)
- Dairy Revenue Protection (DRP)
- Crop Hail Insurance
- Named Peril Crop Insurance
- Apiculture Insurance
- Annual Forage Insurance
- Pasture, Rangeland, and Forage (PRF) Insurance
- Nursery Crop Insurance
- Catastrophic (CAT) Coverage
Quantifiable outcome
- Claims payments arrive within days if paperwork is in order
- +1 more outcomes
Companies that use AgriSompo
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles2 records
AgriSompo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
AgriSompo partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- USDA Risk Management Agency (RMA)coreAgriSompo operates as an Approved Insurance Provider (AIP) administering federal crop insurance programs under the Standard Reinsurance Agreement (SRA) with USDA RMA. RMA sets program rules, premium rates, and oversees the federal crop insurance program.
- Farm Service Agency (FSA)coreFSA administers disaster relief programs like Emergency Relief Program (ERP) and other agricultural programs that complement crop insurance. AgriSompo works with FSA on disaster assistance and program coordination.
- Independent Crop Insurance AgentscoreNationwide network of independent agents who sell and service AgriSompo crop and livestock insurance products to farmers and ranchers across the United States.
- Diversified Crop Insurance ServicescoreDiversified Crop Insurance Services merged with ARMtech in 2021 to form AgriSompo North America, combining expertise and capabilities of both organizations.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
AgriSompo competitors and assessment
Company assessmentBroad incumbents
- CUNA Mutual Group: CUNA Mutual owns ProAg, giving it a major AIP position; it is a broader financial services and insurance company where AgriSompo's crop insurance franchise overlaps with one of its operating businesses.
- Farm Bureau Financial Group: Farm Bureau Financial is a large affinity-based US P&C and crop insurer with multi-state agent distribution, overlapping indirectly with AgriSompo's agricultural insurance offering through its own crop insurance affiliates.
- QBE North America (Crop): QBE is a global P&C insurer with a US crop insurance offering; broader and more diversified than AgriSompo but competes in the same federal crop insurance market with similar AIP economics.
Direct peers
- NAU Country Insurance Company: NAU Country is one of the largest Approved Insurance Providers in the US federal crop insurance program, offering MPCI, livestock, and specialty crop products through independent agents — directly comparable in product mix, distribution model, and regulatory position to AgriSompo.
- Rural Community Insurance Services (RCIS): RCIS is one of the top US crop insurance providers and an AIP, focused on multi-peril crop and hail coverage distributed through independent agents — a direct peer in scale and product scope to AgriSompo.
- Rain and Hail (Chubb): Rain and Hail, now part of Chubb, is a long-established AIP offering federal crop and livestock insurance through independent agents with proprietary processing technology — a direct head-to-head competitor to AgriSompo in the same SRA framework.
- Hudson Insurance Group: Hudson is an established AIP writing federal multi-peril crop insurance and private crop products through agent networks — a comparable mid-to-large AIP competitor to AgriSompo.
- Great American Insurance Company (Crop Division): Great American operates a significant crop insurance division offering federal and private crop products through agents — overlapping product portfolio, and notably the prior employer of AgriSompo's SVP of Analytics and Actuarial.
- ProAg (CUNA Mutual Group): ProAg is a major AIP under CUNA Mutual offering the full federal crop insurance portfolio plus livestock products through independent agents — overlapping with AgriSompo's crop, livestock, and WFRP lines on an agent-distributed basis.
Others
- Sompo International: Sompo International is AgriSompo's parent company and a global P&C insurer; comparable as an ecosystem participant providing capital, reinsurance support, and strategic direction rather than as a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AgriSompo social profiles
Digital presenceAgriSompo financial estimates
Financial estimateRevenue estimate
Valuation estimate
AgriSompo leadership team
Management profileNumber of profiles
Profiles7 records
AgriSompo subsidiaries and ownership
Company hierarchySubsidiaries3 records
AgriSompo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AgriSompo 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 AgriSompo
What does AgriSompo do?
AgriSompo provides federal and private crop insurance products, livestock insurance products, and supplemental coverages to U.S. farmers, ranchers, and dairy producers. Its offerings include multi-peril crop insurance (MPCI), Crop and Livestock Income Protection (CLIP), Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP), Whole Farm Revenue Protection (WFRP), Crop Hail, Named Peril, and endorsements such as Enhanced Coverage Option (ECO), Supplemental Coverage Option (SCO), Margin Coverage Option (MCO), Post-Application Coverage Endorsement (PACE), Replant Option, Apiculture, Annual Forage, Nursery, Pasture/Rangeland/Forage (PRF), BAND, and Xtra Bundle. Policies are priced and serviced through the proprietary AgriNet platform and delivered via a nationwide network of independent crop insurance agents.
Is AgriSompo a public or private company?
AgriSompo is a private company. It is classified as corporate owned and is currently operating.
When was AgriSompo founded?
AgriSompo was founded in 2021. It employs 1,001 to 5,000 people.
Where is AgriSompo based?
AgriSompo is headquartered in Lubbock, United States, in the North America region.
How does AgriSompo make money?
One revenue line is on record: federal Crop Insurance Premiums.
Who are AgriSompo's main competitors?
Broad incumbents on record are CUNA Mutual Group, Farm Bureau Financial Group and QBE North America (Crop). Direct peers are NAU Country Insurance Company, Rural Community Insurance Services (RCIS), Rain and Hail (Chubb), Hudson Insurance Group, Great American Insurance Company (Crop Division) and ProAg (CUNA Mutual Group). Sompo International is listed as an others.
Does AgriSompo have an API?
No public API is recorded for AgriSompo.
What industry is AgriSompo in?
AgriSompo's product category is Crop Insurance. Its primary akta.pro industry code is FSAJACAK, Crop & Farm Property Insurance, with a secondary code of AFACAJAD, Farm Risk Management & Insurance Advisory. Its NAICS code is 11521 and its SIC code is 700.