Wingsure will provide deep-tech-based personalised crop insurance products and advisory services to small, underserved farmers
Govt of Telangana has tied up with Wingsure, an insurtech venture spin-out of SRI International (formerly Stanford Research Institute) that leverages artificial intelligence and deep technology to protect farmers worldwide. As a part of the agreement, Wingsure will provide deep-tech-based personalised crop insurance products and advisory services to small, underserved farmers in the state.
The alliance is among the first in the global farming ecosystem and will help Telangana to promote social inclusion and digital transformation in Indian agriculture. Overall, it will support the government’s objectives to promote economic empowerment and offer opportunities for collaboration, innovation of value chains, growth, and job creation.
The Information Technology, Electronics & Communications (ITE&C) Department of the Government of Telangana will guide and facilitate the implementation of the solution. The agriculture department will offer on-ground implementation through its existing network. It will assist in prioritising and disseminating critical training and advisory services for the farmers, including data acquisition.
Wingsure will collaborate with government agencies to develop a ground distribution strategy by leveraging its deep-tech platform, including AR (Augmented Reality), AI (Artificial Intelligence), ML (Machine Learning)-based personalised solutions, along with voice bots and natural language processing, to allow farmers to communicate in their native language. It will curate and distribute crop and other general insurance products via its network of insurers and broker partners. It will also provide customised advisory, training, and facilitate rapid insurance claims through its mobile-based platform.
