INSURANCE

Agriculture and crop insurance are becoming increasingly important with the increasing severity of pest attacks, crop diseases, and vagaries of weather. Insurance companies offer coverage and financial assistance to farmers if any of the notified crops fail due to natural calamities, pests, or diseases. It also encourages them to invest in inputs and technology to increase yields and household income. Since the insurance sector offers a way to reduce volatility, strengthen resilience, and support productivity growth in the agriculture sector, they need high-quality yield data.

Key challenges distressing the Insurance industry

Village-level Risk Assessment

Timely Application and Claim Verification

Timely Update on Crop Stress

Geo-locating the Farms

Independent Yield Estimation

How does PInCER help?

RMSI Cropalytics solution addresses the emerging need for institutional financing to create risk profiles for farmers and assess their creditworthiness. With our solution, verifying farms could be fast-tracked for claiming settlement. In addition, insurance companies can evaluate the probability of a moral hazard and provide a rapid response to farm distress.

Our solution helps insurance companies monitor their area of interest throughout the season, from sowing to harvest. The solution streamlines the reinsurance strategies and helps make decisions on early payouts. It captures information at all the stages of crops and helps stakeholders make an informed decision on matrices:

  • Crop-specific acreage
  • Sowing Progress
  • Health of the crop at different stages
  • Stress due to water, pest, and diseases in infestation
  • Track Yield estimates and harvest status on a real-time basis

PInCER Modules that Help in Insurance Sector Practice

Village Classification

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In Season Tracking

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Farmer Decision Support System

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Farmer Credit Rating & Verification

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Portfolio Analysis & Premium Calculator

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Satellite and weather data-based advisory

Prioritize your target area

Demand forecasting and effective go to market

Drive farmer engagement

Track crop-specific acreage and yield estimation

Limit field visits for your last-mile team

Success Stories

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Digitizing Seed Companies

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