Crop Risk Services
Crop Risk Services is an Approved Insurance Provider delivering federal Multi-Peril Crop Insurance and private Hail Insurance to U.S. farmers under USDA RMA, distributing through appointed agents and online gateways as a subsidiary of Great American Insurance Group.
- Company typePrivate
- Founded1982
- HeadquartersDecatur, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Crop Risk Services does
Crop Risk Services (CRS) is an Approved Insurance Provider (AIP) authorized to deliver federal Multi-Peril Crop Insurance (MPCI) and private Hail Insurance products to U.S. farmers under the USDA Risk Management Agency (RMA) and Federal Crop Insurance Corporation (FCIC) framework. Operating through the Standard Reinsurance Agreement, CRS shares risk with the federal government and administers the federally subsidized crop insurance program across numerous states. The company serves individual agricultural producers growing insurable crops including corn, soybeans, wheat, cotton, barley, rice, sunflowers, canola, peanuts, and almonds, with coverage spanning yield protection, revenue protection, prevented planting, and replanting scenarios.
CRS operates an integrated technology platform comprising a Customer Gateway (policyholder self-service for payments, statements, documents, and claims), an Agent Gateway (appointed-agent portal for training and client management), and an internal Employee Gateway hosted on the Great American Insurance Group infrastructure (greatag.com). Supporting tools include a simplified claims process with dollar tolerances by unit type, futures price discovery reference tables (CBOT, KCBT, MGE, ICE), and agent education programs covering Ethics, Crop 101, and seasonal Update Meetings with CE credits across 30+ states.
As a subsidiary of Great American Insurance Group, CRS is part of a diversified insurance conglomerate and shares corporate privacy, legal, and HR infrastructure with the parent. Revenue is generated through recurring premiums on MPCI and hail policies, with pricing regulated by RMA actuarial tables rather than market-set. Distribution is exclusively through appointed independent insurance agents who must complete state licensure and CRS-specific training before writing policies.
Crop Risk Services firmographics
Firmographics- Name
- Crop Risk Services
- Legal name
- Crop Risk Services
- Website
- https://cropriskservices.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Crop Risk Services is an Approved Insurance Provider delivering federal Multi-Peril Crop Insurance and private Hail Insurance to U.S. farmers under USDA RMA, distributing through appointed agents and online gateways as a subsidiary of Great American Insurance Group.
- Ownership category
- akta.pro rank
Where Crop Risk Services is headquartered
LocationHeadquarters
- HQ city
- Decatur
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Crop Risk Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Multi-Peril Crop Insurance (MPCI) Premiums: Federal crop insurance product administered under the USDA Risk Management Agency (RMA) and Federal Crop Insurance Corporation (FCIC) program. CRS is an Approved Insurance Provider (AIP) that collects premiums from policyholders and shares risk with the federal government under the Standard Reinsurance Agreement.
- Private Product Insurance (Hail): Private crop insurance products such as hail insurance, sold independently or as companion coverage to MPCI policies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | MPCI (Multi-Peril Crop Insurance) - Quote-based pricing by crop and coverage level |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Crop Risk Services product offering
Product offeringCore offering
Crop Risk Services (CRS) is an Approved Insurance Provider (AIP) that administers federal Multi-Peril Crop Insurance (MPCI) and private crop hail insurance products to U.S. farmers and agricultural producers. The company distributes its coverage exclusively through a network of appointed independent insurance agents and supports them with online Customer and Agent Gateways for policy management, payments, claims processing, and continuing education.
Product overview
Crop Risk Services offers a portfolio of crop insurance products centered around Multi-Peril Crop Insurance (MPCI) and Hail Insurance. The company provides an integrated service ecosystem comprising the Customer Gateway for policyholder self-service, Agent Gateway for agent operations, and Employee Gateway for internal staff. Supporting services include Simplified Claims processing, Price Discovery tools, Commodity Market News, and comprehensive education/training programs for insurance agents. The MPCI program operates under RMA/FCIC guidelines while the company also offers private product insurance.
Differentiator
Problem solved
Functional benefit
Products and services
- Multi-Peril Crop Insurance (MPCI)
- Hail Insurance
Companies that use Crop Risk Services
Customer profileSegments1 record
Ideal customer profiles2 records
Crop Risk Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Crop Risk Services partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- USDA Risk Management Agency (RMA)coreCRS is an Approved Insurance Provider (AIP) operating under the Federal Crop Insurance Corporation (FCIC) program administered by USDA RMA. CRS delivers the federal crop insurance program, determines program eligibility, and operates under the Standard Reinsurance Agreement. Information collected by CRS may be furnished to RMA for program administration.
- Federal Crop Insurance Corporation (FCIC)coreFCIC is a government corporation within USDA that oversees the federal crop insurance program. CRS delivers FCIC-approved insurance products and operates under FCIC regulations and the Standard Reinsurance Agreement.
- Great American Insurance GroupcoreParent company. CRS is part of Great American Insurance Group, which provides corporate privacy policy, terms and conditions, and HR/career infrastructure (Workday job portal). Crop Risk Services operates as the crop insurance division of Great American Insurance Group.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Crop Risk Services competitors and assessment
Company assessmentDirect peers
- Rural Community Insurance Services (RCIS): Among the largest AIPs in the federal crop insurance program, providing MPCI through an agent network. Operates as a direct competitor in multi-peril crop insurance administration with broad geographic reach.
- Hudson Crop Insurance Services: Crop insurance specialist within Hudson's specialty insurance operations, providing MPCI products. Competes with CRS for agent appointments and farmer relationships in the federal crop insurance program.
- ARMtech Insurance Services: Approved Insurance Provider for MPCI crop insurance operating through appointed agents, similar in scale and business model to CRS with comparable geographic coverage across U.S. farming regions.
- Rain and Hail Insurance: Major MPCI crop insurance provider and Approved Insurance Provider under USDA RMA, owned by Chubb. Operates as a direct competitor in federal crop insurance distribution with a similar agent-based model across U.S. agricultural states.
- NAU Country Insurance Company: Top-tier MPCI crop insurance specialist under USDA RMA, owned by QBE Insurance Group. Competes directly with CRS in federal multi-peril crop insurance and serves farmers across multiple states.
- Farmers Mutual Hail Insurance Company of Iowa: Mutual insurer specializing in crop hail and MPCI, operating through appointed agents across the Midwest. Closely comparable to CRS in product focus, distribution model, and regulatory positioning.
- ProAg (Tokio Marine HCC): Approved Insurance Provider specializing in MPCI and crop hail insurance, owned by Tokio Marine HCC. Direct competitor with similar product suite and agent distribution model across U.S. crop insurance markets.
Broad incumbents
- Chubb: Parent of Rain and Hail and one of the largest global insurance providers with extensive U.S. operations. A broader incumbent offering crop insurance as part of a wider commercial and specialty insurance portfolio.
- Great American Insurance Group: Parent company of CRS and a large diversified P&C insurer offering crop insurance as the specialized CRS division alongside broader specialty, commercial, and personal insurance lines.
- QBE North America: Parent of NAU Country and broader specialty insurer offering crop and agricultural insurance through multiple subsidiaries. Operates as a broader incumbent in the U.S. crop insurance market beyond just MPCI.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Crop Risk Services social profiles
Digital presenceCrop Risk Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crop Risk Services leadership team
Management profileNumber of profiles
Profiles1 record
Crop Risk Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crop Risk Services 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 Crop Risk Services
What does Crop Risk Services do?
Crop Risk Services (CRS) is an Approved Insurance Provider (AIP) that administers federal Multi-Peril Crop Insurance (MPCI) and private crop hail insurance products to U.S. farmers and agricultural producers. The company distributes its coverage exclusively through a network of appointed independent insurance agents and supports them with online Customer and Agent Gateways for policy management, payments, claims processing, and continuing education.
Is Crop Risk Services a public or private company?
Crop Risk Services is a private company. It is classified as corporate owned and is currently operating.
When was Crop Risk Services founded?
Crop Risk Services was founded in 1982. It employs 251 to 500 people.
Where is Crop Risk Services based?
Crop Risk Services is headquartered in Decatur, United States, in the North America region.
How does Crop Risk Services make money?
Two revenue lines are on record. Multi-Peril Crop Insurance (MPCI) Premiums are the primary driver. The others are private Product Insurance (Hail).
Who are Crop Risk Services's main competitors?
Direct peers on record are Rural Community Insurance Services (RCIS), Hudson Crop Insurance Services, ARMtech Insurance Services, Rain and Hail Insurance, NAU Country Insurance Company, Farmers Mutual Hail Insurance Company of Iowa and ProAg (Tokio Marine HCC). Broad incumbents are Chubb, Great American Insurance Group and QBE North America.
Does Crop Risk Services have an API?
No public API is recorded for Crop Risk Services.