Overview. Livestock. Introduction to Livestock Insurance The Current Portfolio Why Insure Livestock? AEGIS London Offering.

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1 Livestock Sophie Dunkerley Class Underwriter Livestock AEGIS London Overview Introduction to Livestock Insurance The Current Portfolio Why Insure Livestock? AEGIS London Offering 1

2 Introduction to Livestock Insurance The death or humane destruction of livestock as a result of named perils or injury, lameness and illness Government slaughter of livestock due to named diseases Economic slaughter of livestock due to named disease and infertility The Current Portfolio Cattle Mortality All Risk, Named Perils and Injury only Bull Infertility Theft Dairy Farm Named Perils Feedlots Named Perils 2

3 The Current Portfolio Poultry Government Slaughter Salmonella Avian flu Newcastle Disease Infectious Laryngotracheitis (ILT) Economic Slaughter Salmonella Mortality Infectious Laryngotracheitis (ILT) The Current Portfolio Horses Sport, Leisure Horses and Standardbreds Mortality All Risk and Named Perils Loss of Use or stallion infertility Major Medical or Surgical Options Theft 3

4 The Current Portfolio Aquaculture All Risk or Named Perils Onshore and Offshore All fish species Edible fish e.g., salmon, trout Gastropod molluscs, e.g., abalone Bivalue molluscs, e.g., mussels, scallops and oysters Echinoderms, e.g., sea cucumbers and sea urchins Crustaceans, e.g., shrimp, crayfish and lobsters The Current Portfolio Hogs Named Perils Linked to Loss Control Program Checklist for Generator Alarm Check Rodent Program Fire Extinguishers Documenting farm practices to comply with Program 4

5 Why Insure Livestock? Barn Fires 110 cattle perish, 80 saved 30 years of breeding program lost 900 milking goats no animals saved 250 sheep perish 20 horses perish 4,200 hogs perish Why Insure Livestock? Intensive livestock (pigs and poultry) Suffocation power failure of mechanical breakdown Heat stress Bull Loss of Use (infertility) Injuries such as fractured sacrum Lameness such as a physical injury to the hoof or disease of joints and limbs Illness generally causes temporary infertility Abnormal semen 5

6 Why Insure Livestock? Transit Overturning or collision of livestock trailers 200 goats suffocated as police would not free trapped goats 80 out of 250 pigs killed when trailer overturned 15 out of 70 cattle killed when trailer overturned (of which 8 humanely destroyed) 3 out of 10 horses humanely destroyed when trailer overturned Shipping Fever Why Insure Livestock? Illness / Disease BSE May 2003 Avian Influenza BC 2004: 42 farms and 11 backyard flocks destroyed Saskatchewan 2007 BC 2009: 3 farms slaughtered, 52 farms quarantined Manitoba 2010: 1 farm 6

7 Why Insure Livestock? Illness / Disease ILT Ontario 2008: 4 farms and 1 in Quebec BC 2009: 50 farms in and 19 cases in 2010 Manitoba 2012/13: 1 farm Botulism 160 head out of 2000 cattle died 150 of 500 Ewes died 52 of 378 cattle died across 8 farms though direct and indirect contact with broiler litter from a single source Why Insure Livestock? Illness / Disease Mycoplasma bovis 50% of herd lost, before slaughtering remaining animals fighting disease for 2 years, family farm for over 70 years Blue-Green Algae Blooms 2007: 1 bison rancher lost 40 animals Another rancher 14 bison dead before treating water Porcine Epidemic Diarrhea (PED) Since May ,263 farms in 30 US States tested positive (as at 14 Sept 2014) 2014 first Farms in Canada found to have PED 7

8 Why Insure Livestock? Field Study of culling and mortality in beef cows from Western Canada Waldner, Kennedy, Rosengren and Clarke 2009 Canadian Veterinary Journal First on-farm cohort study of culling and death loss in breeding age beef cattle reported in North America Annual culling at 14.3 and mortality 1.1 per 100 cowyears at risk Why Insure Livestock? Culling losses highest in the fall causes Lameness Cancer eye Lump Jaw Mortality highest in Spring causes Nutrition and feeding management, e.g., Bloat, Hardware Cancer Calving associated injury (skeletal muscle or nerve injuries) Myopathy Pneumonia 8

9 AEGIS London Offering Unique Poultry Product Bull Infertility Product Illness, disease Products Evidencing Health requirements DOH, VC, BSE Innovative Insurance Product for Private Koi Collections Claims Service 9