Argis Underwriting Partners with Pacific International to Expand Farm Insurance Offerings

Under the new agreement, Argis will focus on small to medium-sized farming risks, including coverage for farm buildings and contents, machinery breakdown, and cropping. Peter Morsley, Underwriting Manager at Argis, emphasized that there are minimal changes to the product wording and risk appetite despite the evolving farm insurance landscape in Australia. He stated, "This was a huge consideration for us and formed an important part of our decision to partner with Pacific."

Steadfast Claims Solutions will manage claims for Argis Insurance under the new arrangement, ensuring efficient and reliable support for policyholders. Pacific International Insurance, owned by South Africa's Badger International, underwrites various products in Australia and New Zealand, including PD Insurance and Blue Badge Insurance, an Australian disability insurance specialist. In 2021, Pacific entered an underwriting arrangement with Nib Holdings for travel insurance.

This partnership is expected to provide Australian farmers with more options for comprehensive and tailored insurance coverage, addressing the unique risks associated with agricultural operations. By leveraging the strengths of both Argis Underwriting and Pacific International Insurance, the collaboration aims to enhance the resilience and sustainability of farming businesses across the country.