While regulatory conditions make crop insurance a highly constrained operating environment, there remains ample space for the use of technology to not only improve existing operations, but to identify and launch new offerings.
For example, companies best able to anticipate crop loss risk due to weather or management will be able to reduce expenditures associated with reimbursement. Those able to accurately quantify yield risk in conjunction with input use will be able to create new lines of business.
We provide a specific field-level quantification of risk under different weather scenarios in order to help insurance clients price, manage, and optimize crop insurance policies. We optimize crop insurance claims adjustment processes through in-season yield loss measurement. We also implement the modeling of specific performance risk under varying management scenarios, thereby enabling practice-based insurance products.