Telangana inks MoU with Wingsure to provide AI-driven personalized insurance to farmers
Hyderabad, Sep 22 : The Telangana government entered into an agreement with Wingsure, an insurtech venture spin-out of Sri International (formerly Stanford Research Institute) that leverages artificial intelligence and deep technology, Today to protect farmers worldwide.
As a part of the agreement, Wingsure will provide deep-tech-based personalized 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, Wingsure said in a release here.
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.
Telangana State Information technology department will guide and facilitate the implementation of the solution.
The agriculture department will offer on-ground implementation through its existing network and it will assist in prioritizing and disseminating critical training and advisory services for the farmers, including data acquisition.
The Professor Jayashankar Telangana State Agricultural University (PJTSAU) will offer its domain expertise through its research centres across the state.
It will provide advice and expertise on risk mitigation specific to crop, climate, and a few other critical areas through Wingsure’s platform.
Telangana Principal Secretary (ITE&C) Jayesh Ranjan said the association with Wingsure will ensure hyper-local data correlation with deep technology to deliver numerous services for the individual smallholders.
Wingsure Founder and CEO, Avi Basu, said, we are excited at the possibilities of this partnership, where Wingsure’s deep-tech platform for comprehensive risk resilience, including risks related to climate change and our meaningful engagement with farmers and all stakeholders in the agricultural value chain, will be instrumental in delivering broad-based impact for the Telangana farmers.(UNI)
