In another sign of the growing link between agtech and insurance, Dutch remote sensing startup VanderSat has partnered with Swiss Re, the world’s second-largest reinsurer, to create new insurance products fueled by the startup’s unique dataset and capabilities.
VanderSat came out of stealth with a satellite data analysis service for the agriculture sector in January after receiving €1.34 million ($1.6m) in grant funding from the European Commission late last year. The company is taking a different approach to other remote sensing outfits working in agriculture, in its use of microwave sensors and data instead of imagery to glean insights about and for the industry. By collecting data from a range of different satellites operated by organizations across the globe, VanderSat measures soil moisture and soil temperature on a daily basis and has now built up a database going back 16 years.
https://agfundernews.com/vandersat-swissre-partner-spread-crop-insurance.html
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