The primary focus of the series is to advance the importance of technology in the agriculture space
CropIn, in association with Think and HSBC, recently conducted a webinar on ’Digitizing Crop Insurance’ as a part of the AgFin Tech Series, Digitizing Agri-Finance & Insurance. The primary focus of the series is to advance the importance of technology in the agriculture space. CropIn’s tagline ’Re-imagining Agriculture with Data,’ outlines how technological innovation in agriculture can serve the marginalised in diverse ways, especially when supported by strong financial institutions.
The chief guest for the event was Rajesh Meena, Registrar, Co-operative Dept, Government of Bihar and was moderated by Dr Kolli N Rao, Senior Advisor, IRICBS. The session started with an opening remark from Hemendra Mathur, Co-Founder, ThinkAg and Venture Partner, Bharat Innovation Fund. Along with Kunal Prasad, Co-founder and COO, CropIn, the webinar was conducted in the presence of industry stalwarts like Azad Mishra, Sr Vice President for Rural and Agri-business Group, HDFC Ergo GIC; Ashish Agrawal, President, and Head, Agribusiness, Bajaj Allianz GIC; Mangesh Patankar, VP & Head of Agriculture Reinsurance India, Swiss Re; Apoorva Tatia, Head – Rural, Crop & Health Underwriting, Reliance General Insurance, and Pushan Mahapatra, President, Strategic Investments & Head of Open Market, SBI General Insurance. The insightful session ended with a closing remark from Jitesh Shah, CRO, CropIn.
The panellists addressed and discussed the need to drive financial inclusion and progressive digital strategy for farmer prosperity using advanced technologies at an economic scale and develop need-based Agri-insurance products/models for insurers, farmer-beneficiaries, and government agencies.
Commenting on the webinar, Meena said, “It was a great session, focusing on one very important aspect of agriculture i.e. agri insurance and how it can be made more comprehensive with the use of the latest technology available at our disposal. Interaction with various stakeholders particularly the professionals working in the field of insurance was a great initiative.”
Partnerships of insurers and AgFinTech players for enhancing the efficiency of marketing and distribution for agri-insurance products through seamless service integrations were also a topic of discussion. The house also agreed that the union of Agtech & Rural Insurance is a successful formula for financial inclusion and farmer prosperity.
