Satellites in agricultural insurance

Actuarial Post (June 26, 2013) | Satellite technology is a game-changer for the agricultural insurance industry.Today, data on the health of crops in the vast, remote agricultural areas like in Russia, the Ukraine, Australia or Brazilc an be viewed and scrutinised from a PC screen in Zurich or London in almost real time. The result for the insurance industry is a new generation of agricultural insurance protection which is simpler, more efficient to administer and equally valuable to developing agricultural markets and to established markets in Europe and the Americas.