National Crop Insurance Services Revenue and Competitors

NCIS provides a unique suite of services to the crop insurance industry ranging from actuarial and analytical support to the development of crop loss adjustment standards and industry-wide training for both company staff and industry loss adjusters. This is accomplished through the financial support and active participation of NCIS member companies. NCIS member companies participate through a network of regional committees typically comprised of senior company field and loss adjuster staff. In essence, the NCIS regional committee system provides a grass-roots, ground-truthing infrastructure for the industry. In addition, NCIS members serve on industry-level operational committees that support each NCIS service area. Membership of these working committees is comprised of senior management company staff or relevant subject matter experts for a given operational area. The membership is supported by the professional and technical staff housed at NCIS. NCIS staff represent a diverse mix of individuals with training in agronomy, actuarial methods, economics, business, law, and information technology. NCIS is the only entity that fully supports both the state-regulated and federally-regulated lines of the crop insurance business.