Inube - Case StudiesAutomated Agri Insurance Business Processes for a Leading General Insurance Company

July 26, 20210


The Challenge

Customer is an award-winning general insurance company offering Agriculture Insurance.
The business processes in the Agriculture insurance space are largely manual and time consuming. It involves processing data from multiple sources
– Banks, Government portal etc. There was a need for a comprehensive technology enabled solution to streamline the business processes and drive operational efficiency.


The AgriTech Insurance Solution

AgriLive – A comprehensive solution to sort, cleanse and process large volumes of data before pushing to the core application for policy issuance and claims management
Automatic sorting of data at village and crop level for policy issuance
Configurable logic for calculation of sum insured and premiums
Multiple levels of validations and sanity checks with workflows to handle deviations (SI & Premium differences)
Reconcile premium payments data from different sources (State Govt, Central Govt, Farmer share)
Embedded logic for claim calculation across PMFBY & WBCIS schemes


Value Delivered

Productivity gain by eliminating human error w.r.t. premium calculations
Accurate estimation of crop yield from the field enabled by CCE Mobile App
10000+

Farmers across 40 Districts Enrolled

46 Billion+ INR

Sum insured

6 Billion INR

Premiums collected and processed

57

Type of crops covered

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