The financial sector can verify hundreds of thousands of applications using RMSI Cropalytics’ technology-based solution. Using this application, insurance companies can verify the correctness of information provided by the farmers, farm ownership, and acreage and ween out applications where there is a mismatch in the data.
With our solution, verifying farms could be fast-tracked for claiming settlement. In addition, insurance companies can assess the probability of a moral hazard and provide a rapid response to farm distress with farmer credit ratings.