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Agritask Expands Its Digital Agricultural Insurance Platform in Southern Africa by Partnering With Hollard Mozambique

 TEL AVIV, Israel and MAPUTO, Mozambique, June 24, 2020 /PRNewswire/ -- Agritask, a leading global developer of a holistic agronomic operations platform, and Hollard Mozambique, a premier insurance group in Mozambique, announced today the partnership to provide digital solutions to local stakeholders offering crop insurance for farmers in their respective value chains. 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. 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.

 

Dr. Rom Aviv, Managing Director - Head of Insurance of Agritask, commented: "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. 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."

 

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."

 

About Agritask

 

Agritask is a holistic ag-operations platform, designed to enable fact-based decision making for agricultural businesses. It is successfully deployed in more than 30 countries, with a broad spectrum of clients ranging from large growers, multi-farm corporations, private equity managers, ag-buyers, food conglomerates, ag-financing and insurance companies, to governments and NGOs.

For crop insurance, Agritask enables the offering of personalized and rigorous insurance products, with a capacity to serve millions of smallholders in one project. The system helps register and map small farms, obtain field data, then use their locations to correlate secondary data such as satellite or weather at a high resolution, to the level of each small plot. This creates 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.

 

 

www.agritask.com

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