Geosys and Tokio Marine Expand Partnership to Improve Agricultural Insurance Offer in Brazil
The new 5-year contract will bring solutions that allow greater proactive decision making
MINNEAPOLIS (October 1, 2020) – Geosys recently extended its contract with Tokio Marine Seguradora for a new 5-year agreement expanding services to include proactive data on a field-level to improve and optimize its flow of activities related to rural insurance.
The new agreement includes the Croptical platform, Geosys APIs and automated dashboards – as well as Agriquest and customized reports. While Agriquest provides Tokio Marine with regional level analysis based on satellite imagery data and weather models, the Croptical platform provides the company with field-level insights that proactively enable more assertive decision-making. Weather data also helps the company plan, prepare and verify when events impact crops.
“Tokio Marine is leading the digital transformation of agricultural insurance,” said Matthieu Hyrien, vice president of business development and marketing at Geosys. “By using proven agricultural technology, they are able to expand their services in an innovative way. The Brazilian agricultural market is fundamental to the world and farmers need high quality insurance offers to be successful. We are proud to partner with Tokio Marine and help Brazilian farmers thrive.”
“The partnership with Geosys brings us even more precision to perform the mapping of the insured areas and has been of great value to our activity in this segment,” said Joaquim Neto, superintendent of agro products at Tokio Marine.
Geosys is the first global digital agriculture company founded by agronomists. With 30 years of industry experience, Geosys provides customers with the data, analysis and knowledge they need to make more efficient and effective decisions. B2B services range from global risk management and monitoring of agricultural commodities to the marketing of inputs and precision agriculture consulting, using the latest research in agronomy, information technologies and remote sensing. Geosys also develops highly customized business solutions for agricultural companies, with easy-to-use analytics, that help reduce the daily risks of agriculture. Acquired by EarthDaily Analytics in 2019, Geosys is headquartered in Minneapolis, Minnesota, with offices in Europe, Australia and Brazil. For more information, visit www.geosys.com.
About Tokio Marine Seguradora
In 2019, Tokio Marine Seguradora S.A. celebrated 60 years of operation in Brazil. The Company is a subsidiary of Tokio Marine Holdings, Japan’s oldest security conglomerate, founded 140 years ago. The Insurer makes available to the national market a broad portfolio of solutions for individuals and legal entities, through a structure of 75 business units, with branches and offices throughout The Brazilian territory. The portfolio includes Mass Products, including Auto Insurance, Fleets, Residential, Rental, Condominium, Portable Equipment, Extended Warranty, Group and Individual Life, Personal Accidents and Lender; and Corporate Products, which include Insurance for Small, Medium and Large Companies, D&O (Directors and Directors Liability Insurance), Agro, Housing, Transportation, Business, Engineering Risks, Named and Operational Risks, Digital Risks, Petroleum Risks, Warranty, Civil Liability, Works of Art, Events, Equipment for Business and Industrial Use, Nautical and Aeronautical, including R.E.T.A. (Civil Liability of the Explorer or Air Transporter). It is the Best Insurer to Work in the Country, as well as the list of The Best Companies for Women to Work, according to the Great Place to Work® Brazil. For more information, please visit: www.tokiomarine.com.br.