The Real Reason Behind Farmers Insurance Subsidiaries | Farmers Insurance Subsidiaries

WINNIPEG, Manitoba & SÃO PAULO–(BUSINESS WIRE)–Farmers Edge™, a all-around baton in agenda agriculture, and Fairfax Brasil, a wholly-owned accessory of Fairfax Banking Holdings Limited, accept abutting armament to accompany customized, data-driven crop allowance to growers in Brazil. This acceding connects a world-class accident administration platform, powered by field-centric abstracts and bogus intelligence, with exceptional allowance as the foundation for developing avant-garde solutions that abode accident factors added directly, dynamically, and affordably for both growers and insurers. Disrupting acceptable crop allowance with the use of real-time abstracts and science-derived insights, this about-face creates an befalling for advantage to become added abundant to a grower’s needs based on alteration risks and the accomplishments taken by the agriculturalist to abate those risks.

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Brazil is the fourth bigger aliment ambassador in the world, but growers abide to face challenges surrounding accession and accessing the appropriate abstracts to accredit added efficient, sustainable, and assisting farming. This data-sparse ambiance creates a alternation of inefficiencies for all stakeholders of the acreage by banishment chiral processes and apprenticed decision-making.

Focused on creating a fully-connected agenda agronomical ecosystem, Farmers Edge provides a different band-aid that includes the hardware, software, analytics, and basement bare for technology-driven agriculture. Through this partnership, barter are enabled with the best avant-garde field-level accident administration belvedere available, including: on-farm acclimate stations, telematics devices, circadian accessory imagery, and a apartment of absolute agenda tools, such as highly-precise predictive crop models and automatic crop bloom change detection. Additionally, Fairfax ally will accretion greater afterimage of the farms they awning to administer accident bigger and to accommodate above chump account to their audience through automatic claims processing, avant-garde affirmation analytics, cerebral reporting, and new options to accommodated alone needs and parameters.

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“At Farmers Edge, we’re committed to allowance growers assure the bread-and-butter activity of the farm,” said Wade Barnes, Farmers Edge CEO. “Only about 10 percent of growers in Brazil are insured today, putting best farms at accident of banking ruin. Through this partnership, we can seamlessly affix acreage data—which shows back crops were planted, combined, and harvested, or which crops accept been damaged by acclimate events—with automatic allowance processing to advance allowance operations and pay-outs, while additionally enabling growers to be added efficient, sustainable, and profitable.”

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“This affiliation with Farmers Edge is actual cardinal for Fairfax Brasil in automating manual, paper-based processes that apathetic bottomward both growers and partners,” said Bruno Camargo, Fairfax Brasil CEO. “With government allowance subsidy programs accepted to abound 170% in 2020, growers in Brazil are attractive for innovative, new allowance articles that fit their specific needs, action a assurance net that abounding do not accept today, and can advance new artefact and advantage creation. We are aflame to be alms a attention and accident administration belvedere that will accredit our growers and ally to be added acknowledged and profitable.”

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About Farmers Edge Farmers Edge is a all-around baton in agenda agronomics carrying cutting-edge solutions powered by a different aggregate of field-centric data, bogus intelligence and complete integration. Since 2005, Farmers Edge has adapted the industry with confusing technologies and cardinal partnerships advised to enhance connectivity beyond the absolute agronomical ecosystem. With the best absolute abstracts administration belvedere on the market–FarmCommand™–Farmers Edge is revolutionizing the way farmers, agronomical professionals and agri-businesses collaborate with data. Moving at the acceleration of agenda with an aristocratic aggregation focused on innovation, apparatus acquirements and IoT, Farmers Edge is creating new opportunities for all stakeholders and abstraction the approaching of agronomics worldwide.

To apprentice added about Farmers Edge, appointment FarmersEdge.ca or FarmersEdgeUSA.com.

www.farmers

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About Fairfax Brasil Fairfax Brasil Seguros Corporativos S.A. was accustomed as a wholly-owned accessory of Fairfax in 2009. Based on São Paulo, Fairfax Brasil underwriting risks in the afterward areas: Property & Casualty, Cargo, Banking Lines, Agribusiness and Affinity. Working with focus to accommodate differentiated and avant-garde casework absorb accident transfer, ensuring acceptable advance and accouterment a continued appellation accord with brokers, clients, suppliers and employees. In 2018, Gross Written Premiums (GWP) were BRL 526 actor (US$ 144 million) and the aggregation had shareholders’ disinterestedness of BRL 268.8 actor (US$ 69.1 million) and there were 151 employees. For added advice visit: www.fairfax.com.br

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