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Fairfax teams up with Farmers Edge to introduce data-driven crop insurance in Brazil – Insurance Business Canada

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Fairfax Brasil, a wholly-owned subsidiary of Fairfax Financial Holdings, has announced a partnership with Winnipeg-based digital agriculture firm Farmers Edge to provide Brazilian growers with a customized, data-driven crop insurance solution.

The new partnership will leverage Farmers Edge’s risk management platform to enhance the insurer’s services. A release said that the platform disrupts traditional crop insurance through the use of real-time data and science-derived insights, which allows farm coverage to be personalized to better suit individual grower’s needs based on changing risks and the actions taken by the grower to mitigate those risks.

Farmers Edge launched its risk management platform, FarmCommand, just last year. It utilizes a combination of field-level data, remote sensing, AI-driven models, and secure automation technology to provide both farmers and their insurers crop data efficiency and transparency.

Read more: Farmers Edge unveils new insurtech platform for agricultural insurers, growers

The platform offers growers access to risk management tools such as…



Read More: https://www.insurancebusinessmag.com/ca/news/digital-age/fairfax-teams-up-with-farmers-edge-to-introduce-datadriven-crop-insurance-in-brazil-210523.aspx

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Source: https://www.insurancebusinessmag.com/ca/news/digital-age/fairfax-teams-up-with-farmers-edge-to-introduce-datadriven-crop-insurance-in-brazil-210523.aspx

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