One U.S. farm can feed 166 people annually. Demands on agriculture are growing, though: With global population forecast to increase by 2.2 billion by 2050, farmers will need to grow about 70% more food than what is currently produced, a recent report stated. It’s no wonder then that farmers have turned to robotics and other technology to improve their agricultural operations. Robotics is bringing efficiency into labor-intensive operations, giving time back to the farmer. From robotic milking of dairy cows to GPS tracking of herds for breeding, to drone spraying of fertilizers and chemicals, technology used today is changing the risk management environment for farms. And insurance agents and brokers need to keep up so they can best guide clients. Agents can play a pivotal role in helping agriculture clients’ insurance programs protect the opportunities afforded by technology. Here are three examples of agricultural technology and how insurance plays in.
Tech revolutionize farming and insurance coverage.
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Your Daily InsurTech Briefing – 2024-07-26
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US insurtech Embroker launches exciting new real estate insurance programme.
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Your Daily InsurTech Briefing – 2024-07-25
Let’s see what’s in the news today. Hiscox appoints new VP for technology E&O and cyber He brings nearly two decades of expertise in the role Read the original article here Insurers
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Meet Clive™ – The Insurance Industry’s AI Claims Adjuster Pioneer.
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MSI chooses Akur8 for better insurance pricing decisions.
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MSI enhances insurance decision-making with Akur8’s innovative pricing tool.
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