Crop insurance is the farmer’s most important risk management tool. With uncertainty in crop production constantly looming, insurance is a safety net for the unpredictable. However, profit margins for agri insurance companies are becoming narrower over time due to insurers needing to react faster and more precisely to the volatility and advancements in agriculture.
eoBlockAI offers clients with advanced data and views of their fields, helping at the same time:
estimate the risk of insuring new customers with their crops,
understand the risk and generate scenarios for existing clients
prioritise the claims and assess damages remotely, while minimizing field inspections.
This project has indirectly received funding from the European Union’s Horizon 2020 research and innovation programme under project Block.IS (grant agreement No 824509).