The partnership between Farmers Edge and Palliser Insurance aims to establish a digital connection between growers and insurance professionals to offer new levels of protection from hail impact
Farmers Edge, a developer of agriculture solutions, has partnered with Palliser Insurance, a hail insurance provider in Western Canada, to offer crop monitoring and risk management solutions to Canadian farmers.
The alliance will enable Palliser Insurance in simplifying its hail claims while offering coverage to growers using Farmers Edge’s risk management platform, FarmCommand.
Farmers Edge stated that the strengths of the two companies will address the most fundamental risk factors in farming, weather, to offer better protection to policyholders from the financial impact of hail.
Palliser can leverage Farmers Edge insurtech tools to increase claims management accuracy
Under the terms of the alliance, Palliser Insurance will access Farmers Edge InsurTech tools and new hail detection and reporting technology for increased accuracy of claims management, bringing down administration costs through automated detection, estimation, adjudication and reporting.
Farmers EdgeCEO and co-founder Wade Barnes said: “Palliser’s core values are similar to those of Farmers Edge; delivering innovative products to support growers’ profitability is paramount to the root of our businesses.
“By bridging our technology with Palliser Insurance, we’re able to help growers better manage one of the most costly, unpreventable variables on the farm—hail.
“At the same time, we’re excited to bring insurers intelligent and transformative tools to augment their policies, automate their procedures, establish transparency across claims, and develop deeper connections with growers to ensure business growth.”
Furthermore, Palliser Insurance policyholders can access Farmers Edge’s crop monitoring solution to support in-season decision making, ensure timely identification of crop damage and also simplify management of all critical claims data.
The solution can make it easier for growers to seamlessly form a digital connection with their insurer for near-instant claim identification and faster processing times.
Palliser Insurance president and CEO Ken Doleman said: “As a trusted risk leader across Western Canada, we put the grower at the heart of everything we do. We’re pleased to launch these tools for growers who insure through a Palliser agent or direct through our new online channel, Compass Hail.
“This partnership broadens the range of innovative services and solutions we can provide to growers – to build deeper, value-added relationships. Farmers Edge has a well-established reputation for innovation and service, and these shared values make it a natural fit for us and our policyholders.”