MOZAMBIQUE – Agritask, a leading global developer of a holistic agronomic operations platform, has partnered with Hollard Mozambique, a premier insurance group in Mozambique to provide digital solutions to local stakeholders offering crop insurance to farmers in their respective value chains.
Agritask is a holistic ag-operations platform, designed to enable fact-based decision making for agricultural businesses.
For crop insurance, Agritask enables the offering of personalized and rigorous insurance products, by creating a dynamic database to assess risks, design targeted insurance products, and monitor crop performance remotely through the season.
Its ability to do so at scale is supported by remote sensing and geographical capabilities, including satellite-based auto-crop and plot detection models, crop health monitoring, and damage assessment post-certain natural events.
To enable the use of high-resolution data at a national scale, the platform creates a village-based geographical clusterization for the whole country, and will integrate additional data layers used to enhance risk assessment, reports Club of Mozambique.
Insured farms will be registered and mapped onto the platform, offering the real-time tracking of relevant parameters at each plot and at the portfolio level.
The partnership will include data capturing tens of thousands of smallholders initially, with the expectation that it will increase ten-fold.
An operations platform is the prerequisite to implement a rigorous agricultural insurance scheme at scale. Data requirement in crop insurance is highly complex and multidisciplinary, ranging from agronomy, climate and geospatial, to finance and administration.
Dr. Rom Aviv, Managing Director – Head of Insurance of Agritask, highlighted that creating a robust digital infrastructure can greatly enhance the existing methods.
For countries prone to natural disasters such as Mozambique, it can also serve to strengthen preparedness and rehabilitation efforts, such as by generating alerts for the relevant farmers to take precaution.
“We are pleased to partner with Hollard, a premier insurance company who shares our vision for greater protection for smallholders,” Dr. Rom stated.
Israel Muchena, Managing Director – Agricultural Insurance of Hollard, commented, “We see a significant opportunity to expand our agricultural insurance practice from both business and impact perspectives. As a company, we continue to work hard to improve climate resilience and food security for hundreds of thousands of smallholders in Africa.”
“We are pleased to collaborate with Agritask that brings enabling technologies and shares the same goals as ours. At Hollard, we take pride in innovating and delivering improved insurance solutions for our clients.”
Hollard Moçambique Companhia de Seguros, S.A. (“Hollard Mozambique”) is one of the leading insurers in Mozambique, offering a complete range of corporate, commercial, and personal insurance products designed to meet the diverse needs of clients.
For the agricultural sector, Hollard has capacity to underwrite both traditional commercial agricultural insurance policies and index-based insurance for the majority smallholder producers in Mozambique.
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