Portfolio: The new tool to address entire agri-portfolios and rural markets at scale Qorus Reinvention Awards - APAC - Winner

Portfolio is the new tool developed by DAS (Digital Agriculture Services) to address entire agri-portfolios and rural markets at scale, making it ideal for executive-centric teams. For the first time, insurers can have a complete picture of all their physical assets, clients or prospects at once, for any region or district, along with all the geospatial elements and information they need to analyse, modify or manage their entire portfolio. This location intelligence represents a world-first way to understand rural portfolios and customers remotely. It enables any public or private player, organisation or business to materially transform the way they insure, as well as shape processes and decision making. Insurers today, who are struggling against the weight of billion dollar losses, can today ensure agri-portfolios stay insurable by monitoring portfolios (in Australia, New Zealand and soon, Canada and the US) in a way that was not previously possible. What's more, they can use the tool to grow their market share and size; improve and rebalance customer mix; reduce operational and business risk; and simplify business processes and reporting. The tool doesn't just bring greater precision to what's insured and how, but empowers teams to close the under-insurance gap and in doing so, ensure gross written premium growth as well as better protect farmer-growers against an increasingly unpredictable risk landscape. The tool can be used by general insurers; insurers with specific agri-portfolios; reinsurers as well as brokers. Crop insurers, faced with climate events, damage to grain and crops that are leading to billion dollar losses and rising grower premiums (by more than 50% in some regions) can today pinpoint this impact down to district or property, or even sub-property level, ensuring that cropping land can stay insurable. Any insurer can use the tool to quantify impact and damage, including but not limited to, flood and fire events, ensuring that institutions and growers alike can be better protected.