Qorus Innovation in Insurance Awards 2024

First Acre Insurance Digitized Agricultural Insurance Platform and CYA Modern Insurance Coverage

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17/04/2024 Insurance Innovation

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First Acre Insurance revolutionizes farm insurance with a digital platform, real time underwriting and policy issuance, simplifying the process for brokers & farmers with cutting-edge technology and solutions for modern agriculture.

Innovation presentation

When you think of farm insurance, the image of dusty fields and endless paperwork might spring to mind, but First Acre Insurance is set to revolutionize this narrative. Imagine a world where the complexities of farm insurance are simplified through a cutting-edge digital platform, offering real-time underwriting, quotes, and policy issuance at the click of a button for brokers. This is a reality, thanks to the innovative minds at First Acre Insurance. By blending open-source technology with proprietary advancements, we've created a service that not only streamlines the insurance process for brokers and farmers alike but also provides comprehensive, real-time risk assessments using the latest in geographic information systems and machine data.

But why does this matter? Agriculture, one of the world's oldest and most vital industries, is undergoing rapid transformation. Farmers, the ultimate entrepreneurs, face an array of challenges, from environmental shifts to technological advancements. They need an insurance provider that not only understands these challenges but also evolves with them. First Acre Insurance does just that by providing brokers digitized tools and modern coverage for larger scale farming operations. Our platform is designed to grow alongside our broker clients, offering tailored solutions that recognize the unique needs of modern agriculture. From policy wordings crafted with farmers in mind to a custom platform that integrates diverse data for unparalleled risk assessment, we brought a new level of support to the agriculture insurance sector drastically changing the customer experience.

First Acre Insurance stands out not just for our technological innovation but for our dedication to the agricultural community. Our mission goes beyond insurance; we aim to empower brokers and farmers with tools and insights that help them navigate the complexities of their businesses. In an era where agriculture faces unprecedented challenges, First Acre Insurance emerges as a beacon of innovation and support, offering a digital-first approach that's as forward-thinking as the clients we serve. We are ushering in a new era of farm insurance, where technology and tradition merge to create something truly remarkable.

Uniqueness of the project

First Acre Insurance is the only Canadian insurance provider focused exclusively on agriculture. This has allowed us to provide a truly unique and focused Digitized Agricultural Insurance Platform and CYA Coverage re-imagining the customer experience. The items below differentiate our solutions to meet customer needs.

Digitized Agricultural Insurance Platform

Real time, digital quote, bind and issue as well as payments

Real time risk assessment

Digital site map with geocached buildings and bins

Machinery valuation tool

Software as a service

Data rich

Proprietary technologies

Custom middleware to adapt and grow with brokers and farmers

Geographic information system data to create risk ratings

Ease of use

Cover Your Assets Modern Insurance Coverage

Combined All-in-One Personal, Agriculture and Commercial for wholistic solutions

Wordings written from ground up to support agriculture with the feedback of farmers and brokers

Agreed Value on equipment and machinery

Customizable with over 100 coverage options

Wellness and Legal Expense insurance built in

Streamlined to improve broker/farmer interactions

Developed for larger scale farming operations

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