Farmers Edge just announced a new partnership with Palliser Insurance, the leading provider of hail insurance in Western Canada. This strategic alliance enables Palliser Insurance to simplify hail claims and provide superior coverage to growers using the industry’s most comprehensive risk management platform – FarmCommand.
This collaboration combines the strengths of two Canadian agricultural powerhouses and addresses one of the most fundamental risk factors in farming—weather—to better protect policyholders from the financial impact of hail. Under the terms of the deal, Palliser Insurance will gain access to Farmers Edge InsurTech tools and new hail detection and reporting technology, increasing the accuracy of claims management and lowering administration costs through automated detection, estimation, adjudication, and reporting. Additionally, Palliser Insurance growers can leverage access to a powerful crop monitoring solution from Farmers Edge to support in-season decision making, ensure timely identification of crop damage, and simplify management of all critical claim data. The solution makes it easy for growers to seamlessly form a digital connection with their insurer for near-instant claim identification and faster processing times.
“Palliser’s core values are similar to those of Farmers Edge; delivering innovative products to support growers’ profitability is paramount to the root of our businesses,” said Wade Barnes, CEO and co-founder of Farmers Edge. “By bridging our technology with Palliser Insurance, we’re able to help growers better manage one of the most costly, unpreventable variables on the farm—hail. At the same time, we’re excited to bring insurers intelligent and transformative tools to augment their policies, automate their procedures, establish transparency across claims, and develop deeper connections with growers to ensure business growth.”
“As a trusted risk leader across Western Canada, we put the grower at the heart of everything we do,” stated Ken Doleman, Palliser President and CEO. “We’re pleased to launch these tools for growers who insure through a Palliser agent or direct through our new online channel, Compass Hail. This partnership broadens the range of innovative services and solutions we can provide to growers—to build deeper, value-added relationships. Farmers Edge has a well-established reputation for innovation and service, and these shared values make it a natural fit for us and our policyholders.”