Hellenic Agricultural Insurance Organization

What Hellenic Agricultural Insurance Organization does

Hellenic Agricultural Insurance Organization (ELGA / ΕΛ.Γ.Α. — Οργανισμός Ελληνικών Γεωργικών Ασφαλίσεων) is the Greek statutory agricultural insurance organization established under Law 3877/2010 and regulated by Presidential Decrees 1668/B/2011 (crop insurance) and 1669/B/2011 (livestock insurance). It is structured as a private-law entity under government supervision, part of the General Government subsector under Article 14 of Law 4270/2014, with the Ministry of Rural Development and Food as parent/oversight authority. Its core business is mandatory agricultural insurance, covering plant production against natural risks (hail, frost, storm, flood, heat, excessive rain, snow, sea damage, and specified wildlife damage) and livestock against natural risks, diseases, and conditions, with insurance contributions (εισφορές) levied on the basis of farmers' statutory agricultural declarations.

ELGA's product portfolio extends beyond primary insurance to State Economic Aid Programs (KOE — Κρατικές Οικονομικές Ενισχύσεις) for damages not covered by its core policies, plus active protection measures including frost prevention, hail suppression, rainfall mitigation, and the National Hail Protection Program using weather modification (cloud seeding). Its technology stack includes a Digital Services Portal (newservices.elga.gr) for policyholder self-service, a digital request portal (portal.elga.gr), an online insurance contribution calculator (ΔΚΕ), a recent-damage-announcements public dashboard, and GIS/statistical analysis systems for spatial risk mapping and damage assessment.

Revenue is derived from two streams: (1) mandatory recurring insurance contributions from Greek farmers and agricultural businesses nationwide (excluding Mount Athos), and (2) managed state appropriations for the administration of KOE disaster aid programs. No commercial pricing is set; contribution rates are statutory and per-declaration. Distribution combines regional offices (Περιφερειακά Καταστήματα), local municipal correspondents (Ανταποκριτές), the 1540 telephone information line, and the digital portals described above. Revenue, headcount, and detailed financial figures are not disclosed in the source material; firmographics list 1-10 employees, which contradicts the operational scale implied by nationwide offices and statutory mandate and should be treated as a data-quality flag.

Name

Hellenic Agricultural Insurance Organization

Legal name

Οργανισμός Ελληνικών Γεωργικών Ασφαλίσεων (ΕΛ.Γ.Α.)

Website

https://elga.gr

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Hellenic Agricultural Insurance Organization (ELGA) is Greece's statutory, mandatory agricultural insurer, providing crop and livestock coverage against natural risks, plus state economic aid administration and active loss-prevention programs, serving all Greek farmers and agricultural businesses nationwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Mandatory Insurance Contributions: ELGA operates as a mandatory agricultural insurance organization. Farmers pay insurance contributions (εισφορές) based on their agricultural declarations. The organization collects these contributions to fund compensation payments for crop and livestock losses.
2. Government Economic Aid Programs (ΚΟΕ): ELGA administers state economic aid programs for agricultural businesses that suffered damages from disasters not covered by ELGA insurance, based on approved regulations.

Distribution channels3 records

Marketing channels4 records

Core offering

ELGA is a Greek public organization that provides mandatory insurance coverage to producers of plant production and livestock against natural hazards (e.g., hail, frost, flood, drought, animal diseases). In parallel, it administers State Economic Aid Programs for damages not fully covered by insurance and operates Active Protection Measures, including the National Hail Protection Program, to mitigate risks facing Greek agriculture.

Product overview

ELGA (Ελληνικός Γεωργικών Ασφαλίσεων) operates as Greece's state agricultural insurance organization offering mandatory insurance coverage for farmers. The organization provides two core insurance products: Plant Production Insurance covering crop damage from natural risks (hail, frost, floods, heat, excessive rain, sea damage, wildlife), and Livestock Insurance covering animals against natural risks, diseases, and conditions. Supporting these core products are State Economic Aid Programs (KOE) for non-covered risks, Active Protection Measures including the National Hail Protection Program using weather modification, and Digital Services including web portals for policy management, digital request submission, insurance contribution calculation, and damage announcement tracking. The product portfolio operates as an integrated system where mandatory insurance forms the foundation, supported by digital self-service platforms and supplementary protection programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Plant Production Insurance Mandatory insurance product for Greek agricultural producers covering crop production against natural hazards such as hail, frost, flood, and drought.
• Livestock Insurance Mandatory insurance product for Greek agricultural producers covering livestock against risks including disease and other natural hazard-driven losses.
• State Economic Aid Programs Government-funded aid programs administered by ELGA to provide financial support to agricultural producers for damages not covered by their insurance.
• Active Protection Measures Active risk-mitigation measures operated by ELGA to prevent or reduce damages from natural hazards (e.g., hail) affecting Greek agricultural production.
• National Hail Protection Program National hail protection program, delivered as part of ELGA's active protection measures, designed to mitigate hail damage to crops across Greece.

Quantifiable outcome

• Compensation payments to farmers for agricultural losses from covered natural hazards, diseases, and adverse weather conditions

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Ministry of Agricultural Development and Food (Υπουργείο Αγροτικής Ανάπτυξης και Τροφίμων)coreOthersELGA operates under the supervision of the Ministry of Agricultural Development and Food. The Ministry oversees ELGA's operations and regulatory framework. ELGA belongs to the General Government (Γενική Κυβέρνηση), specifically the General Government Sub-sector, according to Article 14 of Law 4270/2014.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Agricorp: Agricorp is an Ontario provincial Crown agency that delivers production insurance, agri-stability, and risk management programs to Canadian farmers. Comparable to ELGA as a government-affiliated agricultural risk administrator offering multi-peril crop insurance and government-partnered programs.
• TARSIM: TARSIM is the Turkish Agricultural Insurance Pool, established as a state-backed pool to provide standardized crop and livestock insurance products to Turkish farmers. It mirrors ELGA's mandate as a national pool with standardized products, government oversight, and broad-based farmer participation.
• USDA Risk Management Agency / Federal Crop Insurance Corporation: The USDA Risk Management Agency administers the U.S. Federal Crop Insurance Program through the Federal Crop Insurance Corporation, providing subsidized multi-peril crop insurance to American farmers. Functionally analogous to ELGA as a state-administered agricultural insurance framework.
• Swiss Hail Insurance (Schweizerische Hagel-Versicherung): Swiss Hail Insurance is a Swiss mutual insurer specializing in agricultural hail and weather-related crop insurance, established by and for Swiss farmers. Like ELGA, it combines crop insurance with active hail protection (cloud seeding) and operates a specialized agricultural risk portfolio.
• AGROSEGURO: AGROSEGURO is the Spanish Agricultural Insurance Pool, a co-insurance system that provides subsidized agricultural insurance to Spanish farmers under a state-private partnership model. It is ELGA's closest functional peer, performing the same role of pooling and administering mandatory/subsidized crop and livestock insurance for an entire country's agricultural sector.

Regional players

• State Fund Agriculture (Bulgaria): The Bulgarian State Fund Agriculture is a state institution administering EU and national agricultural support programs, including risk-related aid. Comparable to ELGA's role in channeling state agricultural economic aid (KOE) to farmers in a similar Balkan/EU regulatory context.
• Concordia Polska TUW: Concordia Polska is a Polish mutual insurance company offering agricultural crop and livestock insurance with subsidized premiums, operating in a different national market but with a comparable product portfolio and farmer base as ELGA.

Broad incumbents

• ENESA (Entidad Estatal de Seguros Agrarios): ENESA is the Spanish state entity that coordinates and subsidizes the Spanish agricultural insurance system, providing the governmental counterpart to AGROSEGURO. Comparable to ELGA's Ministry-supervisory role and its administration of KOE state aid programs within a mandatory insurance framework.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/elga

Revenue estimate

Valuation estimate

Number of profiles

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 Hellenic Agricultural Insurance Organization