Patriot Progress Insurance coverage Providers has partnered with Momentum Ag, previously a division of Farmers Enterprise Community (FBN).
Momentum Ag is eager on the agriculture trade, with crop, livestock , and medical health insurance product choices.
With greater than 50 workers, Momentum Ag works with farmers and ranchers to offer optimised protection choices for the operations, choices to which Patriot now has entry.
Moreover, the company has numerous crops and livestock experience and is licensed in all 50 states.
“We’re thrilled to hitch the Patriot household. With the launch of Momentum Ag, we’re creating a singular agriculture insurance coverage company rooted in white-glove service, whereas delivering a technology-enabled expertise for our clients,” stated Lucas Strom, president and founding companion of Momentum Ag. “Our collective group has over 500 years of expertise within the trade, and we now have sturdy relationships with our AIP and provider companions to proceed rising and supporting our purchasers throughout the nation. Becoming a member of Patriot will expedite our progress targets and supply our clients extra services than ever.”
“I’m excited to increase a heat welcome to the Momentum Ag group,” added Matt Gardner, chairman and CEO of Patriot. “Momentum Ag’s integration into our quickly increasing agriculture area of interest enhances our capability to ship superior options to our farm purchasers all through the US. Lucas and his group have constructed a unprecedented company, and Patriot is keen to assist them as they proceed on their progress journey.”
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By GlobalData
From December 2023, Aon will leverage the information offered by Amini to assist the African Growth Financial institution’s (AfDB) Africa Local weather Threat Insurance coverage Facility for Adaptation.
The alliance goals to broaden the provision of crop insurance coverage in Africa, bolster the resilience of smallholder farmers, and pace the adoption of environmentally pleasant practices.
In response to the AfDB, Africa is house to 65% of the world’s uncultivated fertile land.
Lack of environmental knowledge has impeded the expansion of the agrifood trade, hindered the extension of agricultural crop insurance coverage and prevented regenerative farming practices, Aon defined.
Solely 3% of smallholder farmers in sub-Saharan Africa have satisfactory crop insurance coverage, making them extraordinarily vulnerable to harsh climate occurrences, it added.
