Our platform brings a number of Unique insurance products to supports farmers and businesses.
Parametric Insurance Program
Agvesto is bringing first of its kind parametric insurance to protect farmers and businesses to the UK market.
What is our Mission?
We are aware that as a producer, you face enormous challenges. With climate change related perils increasing year by year globally, we are determined to help you in your journey.
Majority of the agricultural value chain still remains underserved for financial products such as credit and insurance. We want to address the gap by bringing insurance solutions to the sector.
We want to be the trusted risk sharing and transfer partner for the sector. This is why we have worked around the clock in the last few months to bring you the best in class, simple to use insurance product.
What is a Parametric Insurance Product?
Traditional multi-peril crop cover are not readily available given the lack of (recent) farming history for the crop in many regions. We currently however have several options and coverages available.
A Parametric insurance product on the other hand provides coverage against specific perils for the food producers and processors during the growing season.
Typically, the parameters or the indices are designed by Agvesto and our Underwriting partners. These indices can closely explain the crop loss due to an event.
For example, in case of an ‘excess heat’ cover, for a given farm location, the index can be engineered by tracking the daily temperature observed.
The payout will then be determined by observing this parameter/index during the season.
What type of Cover as a farmer or an agribusiness can get?
As a farm business, you can get coverage for various perils that you are concerned about. These can be as below:
- Excess heat
- Excess Precipitation
- Frost Cover
Each of the above is a uniquely written designed to meet your specific needs and location.
Who are we?
Agvesto (www.agvesto.com) is an easy to use agricultural insurance platform to mobilise access to insurance to farmers.
Agvesto uses Earth observation satellites (Radar and Optical), weather stations, ground based Internet of Things (IoT) sensor data, historical loss data to provide best in class coverage with the help of our underwriting insurance partners.
How can I get in touch?
Whether you are in need for insurance or looking to understand about the parametric insurance programs, please write to us on:
Dr Srini Sundaram
Secure your Crop and Livestock
Your Partner when you need most
Protection against weather events
Protection against Named Perils
Protection using your own data
Get an insurance quote
Tell us about your farm
Tell us about coverage requirements
Why do I need an insurance?
What is a Parametric protection product?
What coverage level I can request if there is a weather event resulting in a loss to my farm?
How do you determine the premium payments?
I experienced in the past delays in obtaining claims. Why it has to be any different now?
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