Österreichische Hagelversicherung

What Österreichische Hagelversicherung does

Österreichische Hagelversicherung (ÖHV) is a Versicherungsverein auf Gegenseitigkeit (mutual insurance association) founded in 1946 and headquartered in Vienna, Austria. The company specializes in agricultural insurance, underwriting multi-peril crop coverage against hail, frost, drought, storm, and flooding for arable farmers, fruit growers, wine producers, vegetable growers, and grassland operators, alongside livestock insurance for cattle, pigs, horses, sheep, goats, and poultry. It currently insures approximately 4.8 million hectares of agricultural land under policies carrying a combined insurance sum of EUR 13 billion and serves more than 73,000 customers across Austria and six Central and Eastern European markets (Czech Republic, Slovakia, Hungary, Slovenia, Romania, Bulgaria) operated through local subsidiaries.

The core technology stack centers on AgraSat, a satellite-based precision agriculture monitoring tool developed in cooperation with the European Space Agency (ESA) and offered free to policyholders through the customer portal. The proprietary Dürreindex-Versicherung product uses precipitation deficit and temperature data from GeoSphere Austria to trigger payouts automatically at the cadastral community level, eliminating on-site damage assessment for over 50 crop types. The fully digitized claims management system has reduced average settlement time from 31 days to 1.8 days over a 25-year period, with satellite-supported damage surveys replacing traditional manual inspection for the majority of cases.

Premium revenue is the primary income stream, with the Austrian federal and state governments co-funding 55% of agricultural premiums under a public-private partnership that creates a legal entitlement (Rechtsanspruch) to compensation for farmers rather than discretionary disaster relief. Distribution combines a nationwide regional advisor network (Berater) searchable by postal code, a digital customer portal (portal.hagel.at) for policy administration and claims reporting, and a fully self-serve online channel for horse insurance (versichern.hagel.at). CEE markets are served through local broker intermediaries supported by the annual Agrasure broker conference in Vienna. The company is supervised by the Austrian Financial Market Authority (FMA) and holds ISO 27001 certification for its Vienna data center.

Name

Österreichische Hagelversicherung

Legal name

Österreichische Hagelversicherung VVaG

Website

https://hagel.at

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

101–250 employees

Short description

Österreichische Hagelversicherung is an Austrian mutual agricultural insurer founded in 1946 underwriting multi-peril crop and livestock coverage for more than 73,000 farmers across Austria and six Central and Eastern European markets, using satellite-based damage assessment and index-based drought products with government-subsidized premiums.

Ownership category

akta.pro rank

Product category

Agricultural Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Agencies and Brokerages (52421)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industry

Farm Risk Management & Insurance Advisory (AFACAJAD)

Keywords

• Agricultural insurance
• Crop insurance
• Livestock insurance
• Hail insurance
• Drought index insurance

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Agricultural Insurance Premiums: The primary revenue stream comes from insurance premiums paid by farmers, wine growers, fruit growers, gardeners, and animal breeders for coverage against hail, drought, frost, storm, flooding, and animal diseases. Premiums are risk-priced based on crop type, location, and coverage level. The company is a Versicherungsverein auf Gegenseitigkeit (mutual insurance association), meaning it is not profit-maximizing and operates for the benefit of its policyholders.
2. Government Premium Subsidies (Public-Private Partnership): The Austrian federal and state governments co-fund 55% of insurance premiums for agricultural policyholders through a public-private partnership model, making coverage affordable and ensuring wide uptake across Austrian farming operations. This subsidy structure also creates a legal entitlement (Rechtsanspruch) to compensation for farmers, reducing reliance on ad-hoc disaster aid.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Österreichische Hagelversicherung is a mutual agricultural insurance association offering the most comprehensive crop and livestock insurance portfolio in Europe. The company provides multi-risk crop insurance, index-based drought insurance covering 50+ crops, livestock and animal disease insurance across cattle/horses/pigs/sheep/goats/poultry, fruit and wine growing insurance, greenhouse and vegetable insurance, and grassland insurance. Insurance premiums are 55% subsidized by Austrian federal and state governments through a public-private partnership.

Product overview

Österreichische Hagelversicherung operates as an agricultural specialty insurer offering the most comprehensive product portfolio in Europe for crop, livestock, fruit, wine, and vegetable farming. The core offerings include multi-risk crop insurance (Agrar Universal, Zuckerrübe Universal, Kartoffel Universal) and index-based drought insurance covering over 50 crops, livestock insurance (cattle, horses, pigs, sheep, goats, poultry) with disease and mortality coverage, fruit and wine growing insurance with network protection options, greenhouse and vegetable insurance, and grassland insurance. The company also provides a free satellite-based precision agriculture tool called AgraSat for field monitoring. Insurance premiums are subsidized at 55% by Austrian federal and state governments through a Public-Private Partnership model.

Differentiator

Problem solved

Functional benefit

Brands

• AgraSat: Satellite-based precision agriculture monitoring tool offered free to customers, providing field monitoring and management analysis.
• Agrarwetter
• Dürreindex-Versicherung

Products and services

• Agrar Universal Comprehensive multi-risk crop insurance covering hail and 13 additional risks for field crops including wheat, corn, and other agricultural commodities, designed for arable farming operations.
• Zuckerrübe Universal Specialized sugar beet insurance covering hail and additional risks for sugar beet cultivation.
• Kartoffel Universal Potato insurance covering potato cultivation against multiple agricultural risks.
• Ölkürbis Universal Specialty oil pumpkin (Styrian pumpkin) crop insurance covering hail and additional risks for oil pumpkin cultivation.
• Saatgut Universal Seed crop insurance covering seed cultivation against agricultural risks.
• Hopfen Universal Hops crop insurance covering hail and additional risks for hop cultivation.
• Dürreindex-Versicherung (Ackerbau) Index-based drought insurance using meteorological data from GeoSphere Austria, covering over 50 crops. Pays compensation automatically based on precipitation deficit and temperature at the cadastral community level, without requiring on-site damage assessment.
• Rinderversicherung Cattle insurance covering death, emergency slaughter, stillbirths, and losses from animal diseases including tuberculosis, brucellosis, and bluetongue disease.
• Pferdeversicherung Horse insurance offering life and health coverage including operations (OP), colic treatments, diagnostic procedures, and mortality coverage including stillbirths and foal deaths. Available for horses up to age 14, with multiple variants (Kolik, Standard, Premium/Zucht) and 5% premium discount for OEPS and Pferd Austria members. Fully online purchase available.
• Ertragsausfall-Schwein Income loss insurance for pig farming covering losses from animal diseases and official quarantine measures.
• Ertragsausfall-Schaf Sheep income insurance with optional disease mortality add-on (Seuchenverendung) covering losses from AHL Category C, D, or E diseases, including compensation for animal deaths or mandatory slaughter due to insured diseases even without official quarantine measures.
• Ertragsausfall-Ziege Goat income insurance with optional disease mortality add-on covering losses from AHL Category C, D, or E diseases.
• Geflügelversicherung Poultry insurance covering chickens, ducks, and geese against animal diseases, salmonella, bacterial and viral infections, including animal value, product damage, biological performance decline, and operational compensation.
• Obst Basis Basic fruit growing insurance covering core fruits, stone fruits, nuts, and berries against hail.
• Obst Universal Comprehensive fruit growing insurance covering core fruits, stone fruits, nuts, and berries against multiple risks including frost, hail, and storm.
• Obst Netz Basis Basic fruit insurance with anti-hail net coverage for orchards.
• Obst Netz Universal Extended fruit insurance with anti-hail net coverage for comprehensive protection of fruit orchards.
• Wein Basis Basic wine growing insurance covering vineyards against hail.
• Wein Universal Customizable wine growing insurance covering vineyards against hail, frost, and other weather-related risks.
• Dürreindex-Versicherung Weinbau Index-based drought insurance tailored for viticulture, using meteorological data from GeoSphere Austria to trigger compensation based on drought indicators.
• Gewächshaus Greenhouse insurance covering greenhouse structures and crops against weather-related damages.
• Verderbschaden Perishability damage insurance covering spoilage losses in commercial vegetable and horticultural production.
• Gemüse Vegetable production insurance covering commercial vegetable operations against weather-related risks.
• Zierpflanzen Ornamental plant insurance covering florists and ornamental plant growers against weather-related risks.
• Baumschule Nursery stock insurance covering tree nurseries against weather-related risks.
• Grünland Grassland insurance with drought index coverage protecting against income losses from drought affecting forage production.
• AgraSat Satellite-based precision agriculture monitoring tool available free to all customers via the customer portal, providing multiple views of agricultural fields for crop management and damage assessment through satellite imagery.

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• European Space Agency (ESA)coreTechnology or IntegrationThe company uses satellite data in cooperation with the European Space Agency (ESA) to power its AgraSat precision agriculture monitoring tool and satellite-based damage assessment. This technology enables the fully digitized claims process and rapid damage evaluation, providing a significant competitive advantage in claims speed and accuracy.
• GeoSphere Austria (formerly ZAMG)coreTechnology or IntegrationMeteorological data provider for the drought index insurance (Dürreindex-Versicherung) product. Precipitation deficit and temperature data from GeoSphere Austria is used to automatically trigger compensation payments at the cadastral community level, without requiring on-site damage assessment.
• Münze Österreich AGminorStrategic or Co-development PartnerJoint initiative to create a EUR 25 niob-silver coin (Münze 'Edaphon') to raise public awareness about the importance of soil as a life foundation. Dr. Kurt Weinberger participated in the coin's unveiling alongside Münze Österreich's Director General Gerhard Starsich and BOKU Professor Martin Gerzabek.
• KPMG AustriaminorOthersKPMG audited the company's first voluntary sustainability report under the VSME standard, the first such audit for a non-CSRD-obligated insurance company in Austria. The audit confirms the credibility of the company's ESG disclosures.
• Bund und Länder (Austrian Federal and State Governments)coreOthersThe Austrian federal and state governments co-fund 55% of agricultural insurance premiums through a public-private partnership (PPP) model. This subsidy makes coverage affordable for farmers and ensures wide uptake, with the 55% rate confirmed by customer surveys and press releases. Farmers have a legal entitlement (Rechtsanspruch) to compensation under this model, rather than relying on discretionary government disaster aid.
• Munich ReminorStrategic or Co-development PartnerRepresented by DI Andreas Rohm at the Agrasure broker conference, Munich Re provides global risk trend analysis and reinsurance capacity that supports the company's ability to underwrite large-scale agricultural risks. The partnership enables access to international expertise on crop and livestock risk trends.
• Agricultural Market Austria (AMA)minorOthersAMA (Agrarmarkt Austria) is referenced as a data partner providing information in insurance underwriting and claims assessment processes. AMA's role includes agricultural market data and administrative functions relevant to farm operations.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Mapfre: Major Spanish/Iberian insurer with a dedicated agricultural line (Mapfre Agro) covering crop, livestock, and aquaculture risks across Spain and Latin America. Comparable line of business but geographically weighted to Iberia and Latin America rather than Central Europe.
• Pacifica / Crédit Agricole Assurances: Pacifica, the property & casualty arm of Crédit Agricole Assurances, is the leading agricultural insurer in France through the banking network's farmer relationships. A direct peer in market segment and customer type but primarily France-focused.

Broad incumbents

• Swiss Re: Global reinsurer with one of the world's largest agricultural reinsurance books and a parametric crop-insurance franchise through its Public Sector Solutions unit. Comparable to Munich Re as a reinsurance partner and competitor of ÖHV in agricultural risk transfer.
• R+V Versicherung AG: Germany's second-largest insurer and a major provider of agricultural and livestock insurance (Tierzucht, Ernteversicherung) within a broader property & casualty and life portfolio. An incumbent with overlapping agricultural capabilities but a much wider product mix than ÖHV.
• Achmea: Dutch mutual insurance group and one of the largest agricultural insurers in the Netherlands through Interpolis, with deep farmer-client relationships in livestock, greenhouse, and arable segments. A broad incumbent whose agricultural line directly overlaps with ÖHV's product mix.
• Groupama: French mutual insurance group with a deep agricultural franchise (weather, hail, livestock, farm liability) and France's leading farmer-policyholder base. A mutual incumbent with a broader product portfolio and stronger French geographic concentration than ÖHV.

Direct peers

• Vereinigte Hagelversicherung VVaG: Germany's leading mutual agricultural insurer (Versicherungsverein auf Gegenseitigkeit) underwriting hail and multi-peril crop insurance. It is the closest structural analogue to ÖHV, sharing the same mutual ownership model, hail heritage, and multi-peril crop product approach in a neighboring DACH agricultural market.
• Agroseguro: Spanish agricultural insurance pool co-funded by Agroseguro's member insurers and Spain's public-sector ENESA subsidies — structurally the same public-private partnership model as ÖHV's Austrian 55% co-funded premium scheme. A direct functional analogue at the EU level for co-funded crop and livestock insurance.
• Nederlandse Hagelunie U.A. Dutch mutual insurer specializing in hail, multi-peril crop, and glasshouse insurance for arable and horticultural farmers. Directly comparable to ÖHV's product focus on fruit, vegetable, and arable crop insurance, with a similar mutual structure serving specialty agricultural segments.

Others

• Munich Re: The world's largest reinsurer and ÖHV's existing partner for capacity and global risk-trend analysis. Operates a global agricultural reinsurance portfolio; considered a peer as both a reinsurer and a provider of alternative-risk solutions that compete indirectly with primary carriers like ÖHV.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/oe_hagel
• YouTubeyoutube.com/channel/UCjSHjnhjl-kR3gKNK3kc3fQ
• LinkedInlinkedin.com/company/27088996/admin/feed/posts
• Facebookfacebook.com/hallovernunft

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 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 Österreichische Hagelversicherung