Policy Verification & Farmer Credit Rating

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.

Challenges of the Banks:

  • Cross validating a large number of applications requires manual intervention & is time-consuming,
  • Manual methods may sometime lead to the disbursement of loans on wrong information.

Our Solution

A technology-based solution that helps insurance companies verify hundreds of thousands of crop insurance policies.

  • Verifies the correctness of village, farm ownership, and acreage as mentioned in the policy
  • Verification process uses large-scale automation and machine learning
  • Verified farms could be fast-tracked for claims settlement
  • Helps the insurance company assess the probability of moral hazard
  • Helps the insurance company in building a reputation for rapid response to farm distress

Cut down manual intervention

Streamline the process of cross-validating applicant details

Success Stories

Title / Heading of the Success Story

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Title / Heading of the Success Story

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of “de Finibus Bonorum et Malorum” (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, “Lorem ipsum dolor sit amet..”, comes from a line in section 1.10.32.

Let us Talk!

    Your name
    Your email
    Subject
    Your message (optional)

    © 2021 RMSI Cropalytics. All Rights Reserved.