AI Innovations in Agricultural Insurance: Pathways to Supply Chain Stability
The Challenge
This project applies AI to farm property & casualty (P&C) insurance—improving quoting, underwriting, and portfolio insights. By creating digital profiles of farm assets (e.g., buildings, equipment) and geospatial context, the solution maps local hazards and operational characteristics to support timely quotes and risk-aligned pricing. Two modules power the approach: FarmRisk 360 assembles a comprehensive asset and exposure view; UnderwriterAI supports rules-based underwriting, dynamic pricing, and portfolio monitoring for carriers and MGAs. Pilots with producer and insurer partners will demonstrate shorter assessment cycles, expanded quoting for more complex operations, and clearer alignment between coverage and exposure—helping producers secure dependable protection and contributing to a more resilient agri-food supply chain across Canada.
“In partnership with producers and insurers, we’re modernizing Farm Property & Casualty insurance with data-driven solutions that strengthen risk assessment and support tailored, dependable coverage for today’s farming operations.”
– David Hodge, Chief Strategy Officer, Agi3 Software
Investment
$
1.9
M
Scale AI investment
$
4.7
M
Total investment
Partners
