Pilot project will provide adjustment teams with advanced analytical capabilities to support risk management and hail loss adjustment
Winnipeg, Manitoba, May 1, 2024–(BUSINESS WIRE)–Farmers Edge Inc. (“Farmers Edge” or the “Company”), a digital agriculture company, is pleased to announce a pilot project in partnership with Saskatchewan Municipal Hail Insurance (SMHI). Masu. The project aims to use Farmer's Edge insurtech tools such as weather data and crop analysis to enhance arbitrage processes and support risk monitoring.
SMHI is one of Canada's oldest and largest crop hail insurance companies, with a long-standing reputation for excellence and commitment to our customers. Crop producers rely on quality insurance products and great service providers like SMHI to protect their farm investments. Farmers Edge leverages nearly 20 years of agricultural technology experience across the Canadian Prairies to provide SMHI with a customized solution that complements SMHI's business model and provides advanced analytics and valuable insights to the coordination team. to support accurate hail loss adjustment.
“We are excited to partner with SMHI and are focused on creating value for their business through our portfolio of best-in-class solutions for crop insurance companies,” said Viboa Arora, CEO of Farmers Edge. Stated.
Rodney Schoettler, CEO of City of Saskatchewan Hail Insurance, announces a partnership with Farmers Edge that leverages cutting-edge predictive analytics and remote sensing technology to support our loss adjustment process. I'm very happy to be able to do this.” “Together, we leverage innovation to improve efficiency and accuracy and set a new standard for customer experience.”
With the influx of insurtech solutions on the market, Farmer's Edge is focused on providing customized solutions designed to enhance and strengthen the producer-insurer relationship. The company leverages over 20 million acres of data, remote sensing, and proprietary AI-driven models to deliver scalable, value-added services and tools, including customized reporting, risk monitoring, and SmartClaim™ technology. I am. For more information about Farmers Edge crop insurance solutions, please visit https://farmersedge.ca/insurance/.
About Farmers Edge
Farmers Edge is a global leader in digital agriculture with operations in North America, Brazil, and India. With best-in-class technology, state-of-the-art soil and tissue testing laboratories, and a robust dataset of more than 20 million acres, Farmers Edge provides managed IT services and customized solutions to stakeholders across the agricultural ecosystem. Masu. From farmers to agri-retail, fuel, food, insurance and financial services, Farmer's Edge is accelerating digital adoption to create more integrated, sustainable and transparent value chains. For more information about Farmers Edge, visit www.farmersedge.ca.
About Saskatchewan City Hail Insurance
Municipal Hail was established in Saskatchewan in 1917 under the authority of the Municipal Hail Insurance Act. The company was established to provide crop hail insurance at cost for the sole benefit of farmers.
Municipal Hail operated only in Saskatchewan until 2013. Demand from customers along the Alberta-Manitoba border led Municipal Hail to expand his business in 2014 to offer crop hail insurance to producers in those provinces.
Municipal Hail provides crop hail and fire insurance through three entities: SMHI, AMHI, and PMHI. We continue to operate on the core principles on which we were founded: providing cost-effective compensation while reducing farmers' business risks.
Municipal Hail has established itself as a leader in providing affordable and predictable crop hail insurance products that meet the evolving needs of farmers. For more information about Municipal Hail, visit municipalhail.ca or call us directly at 1-877-414-7644.
Storms are unpredictable. We are not.
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