Parametric Insurance for the Agricultural Industry

Learn how Descartes’ straight-forward parametric insurance solutions offer greater resilience to the agricultural industry through swift payments and no on-site claims adjustment.

Agriculture is one of the most highly exposed sectors to disaster risk, given its dependency on natural resources and climatic conditions. The recurring nature of natural catastrophes threatens food security and the sustainability of agrifood systems, affecting government and regional entities, individual farmers, cooperatives, and agricultural input providers and distributors, such as agrochemical firms. 

Descartes’ parametric insurance protects the agriculture industry against a diverse array of weather-related risks. 

Our parametric policies provide swift indemnification and data-driven risk assessment against perils like drought, spring frost, hail, flood, tropical cyclones, and address issues such as crop yield variability and supply chain disruption. We offer comprehensive resilience against both physical damage and non-damage financial losses on a global scale. 

Our solutions extend to even the most vulnerable regions worldwide, covering a wide range of crops to ensure comprehensive protection for all agricultural stakeholders.

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crop yield

Our case studies are all over the world

Utilizing Machine Learning and real-time monitoring from satellite imagery & IoT, our state-of-the-art technology helps businesses bounce back faster against climate, cyber and other emerging risks.

  • Asia Hospitality Wildfire Protecting Carbon Credit through Parametric Insurance See the case study
  • Global Renewable Energy Low/high river level volatility Parametric Yield Insurance for Hydroelectric Plant Revenue Loss See the case study

Our product is specifically suited to

  • Mid-sized and large agribusiness
  • Cooperatives
  • Agricultural input providers and distributors
  • Commodity traders
  • Banks and insurers

Our success story

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