Farmers Edge and Saskatchewan Municipal Hail Insurance Partner to Enhance Hail Business Intelligence with InsurTech Tools
May 01 2024 - 4:57PM
Business Wire
Pilot project will equip adjusting teams with advanced analytics
to support risk management and hail loss adjustments
Farmers Edge Inc. (“Farmers Edge” or the “Company”), a pure-play
digital agriculture company, is pleased to announce a pilot project
in partnership with Saskatchewan Municipal Hail Insurance (SMHI).
The project aims to enhance adjudication processes and support risk
monitoring using Farmers Edge InsurTech tools, including weather
data and crop analytics.
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Farmers Edge Inc, a pure-play digital
agriculture company, is pleased to announce a pilot project in
partnership with Saskatchewan Municipal Hail Insurance (SMHI).
(Graphic: Business Wire)
SMHI is one of Canada’s oldest and largest crop hail insurers
with a long-standing reputation of excellence and commitment to its
customers. Crop producers rely on quality insurance products and
great service providers like SMHI to protect their farm
investments. With nearly two decades of agricultural technology
experience across the Canadian Prairies, Farmers Edge is delivering
SMHI with a tailored solution to complement its business model,
equipping adjusting teams with advanced analytics and valuable
insights to support accurate hail loss adjustments.
“We’re excited to partner with SMHI and are focused on creating
value for their business through our portfolio of best-in-class
solutions for crop insurers,” said Vibhore Arora, Farmers Edge
CEO.
“We’re thrilled to announce our collaboration with Farmers Edge,
harnessing cutting-edge predictive analytics and remote sensing
technology to support our loss adjustment process,” said Rodney
Schoettler, Saskatchewan Municipal Hail Insurance CEO. “Together,
we’re leveraging innovation to enhance efficiency and precision,
setting a new standard for customer experience.”
With an influx of InsurTech solutions on the market, Farmers
Edge is focused on delivering tailored solutions designed to
strengthen and enhance the relationship between producers and
insurers. Leveraging data from over 20 million acres, remote
sensing, and proprietary AI-driven models, the company provides
scalable, value-adding services and tools, including customized
reporting, risk monitoring, and SmartClaim™ technology. For more
information on Farmers Edge Crop Insurance Solutions, visit:
https://farmersedge.ca/insurance/
About Farmers Edge
Farmers Edge is a global leader in digital agriculture operating
in North America, Brazil, and India. With best-in-class
technologies, state-of-the-art soil and tissue testing
laboratories, and robust datasets from over 20 million acres,
Farmers Edge delivers managed IT services and tailored solutions to
stakeholders across the agricultural ecosystem. Spanning from
farmers to ag-retail, fuel, food, insurance, and financial
services, Farmers Edge is accelerating digital adoption, creating a
more unified, sustainable, and transparent value chain. For more
information on Farmers Edge, please visit www.farmersedge.ca.
About Saskatchewan Municipal Hail Insurance
Municipal Hail was established in Saskatchewan under the
authority of the Municipal Hail Insurance Act in 1917. The Company
was created to provide crop hail insurance coverage at cost for the
sole benefit of farmers.
Municipal Hail operated exclusively in Saskatchewan until 2013.
Due to demand from clients along the borders of Alberta and
Manitoba, Municipal Hail expanded its operation to provide crop
hail insurance coverage to producers in those provinces in
2014.
Municipal Hail provides crop hail and fire insurance coverage
through three entities: SMHI, AMHI, and PMHI. We continue to
operate on our core founding principles by providing coverage at
cost while reducing the business risk for farmers.
Municipal Hail has established itself as the leader in providing
affordable, predictable crop hail insurance products that meet the
evolving needs of farmers. For more information on Municipal hail
please visit municipalhail.ca or call us direct at
1-877-414-7644.
Storms are unpredictable. We aren’t.
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Farmers Edge Media Relations: Media@FarmersEdge.ca