As we prepare for launch our volatility insurance on February 4th, we’ll be sharing some exciting news of the product and partners that are working with Stable to help their customers and members manage volatile prices.
When we founded Stable in 2016, one of our greatest hopes was to find a new way to help the dairy industry manage the risk of volatile prices and costs. It’s a vital industry and one that’s uniquely exposed to fluctuating incomes, with very few tools to help farmers manage the significant risk of volatility.
Farmers told us loud and clear they wanted a simple, affordable and low risk way to protect their farm from volatility.
Together with farmers, academics and global insurers we did just that; making hedging your milk price as simple as insuring your car.
With this in mind we’re delighted to announce that Arla members in the UK will be one of the first farmers in the world to benefit from Stable’s volatility insurance. This will provide Arla farmers with the option of insuring their milk price with Stable.
Better still, as an Arla member they will also get a discount on the premium payable for any insurance policy they choose to purchase.
The process is simple and getting a free and no obligation insurance quote takes less than 2 minutes.
(Arla farmers simply have to enter their Arla membership number to receive the discount.)
The premiums and claims are all based on DEFRA’s UK Farmgate Milk Price, rather than each individual farm. All policies are underwritten by Lloyd’s of London syndicates, such as Ascot Underwriting Ltd which has an A+ rating from Standard and Poor’s.
If a claim is due when we have the latest index price, (i.e. the index price has fallen) then Stable will simply require the farmers bank details and the claim is paid automatically via bank transfer to replace the farms lost income.
We’re thrilled to be able to offer a new risk management tool to Arla members and we look forward to helping many more dairy farmers in the future.
If you would also like to work with Stable to help your clients, members or readers manage volatile prices then please get in touch.
Please note that this will only be available direct from Stable Group Ltd and not from Arla themselves. Arla are in no way involved in the actual volatility insurance offering and it is up to farmers to decide if the insurance quote is suitable for their business.
Stable is a volatility insurance platform designed and built by farmers, for farmers. We help farming and food businesses of every size and sector manage the risk of volatile prices so they can invest in their future with confidence. Stable’s index-insurance platform enables farmers and food businesses to insure themselves from a wide range of commodity prices and input costs. To read about examples of how Stable’s volatility insurance could help your farming and food business manage risk, read these case studies.
To find out more about Stable or to book a demo, please visit our website or call us on +44 (0) 203 8599390 or email email@example.com and we can show you how farmers are using Stable to protect their balance sheets.