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Patriot Progress Insurance coverage Companies 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 insurance product choices.
With greater than 50 staff, 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 affix 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,” mentioned Lucas Strom, president and founding companion of Momentum Ag. “Our collective staff has over 500 years of expertise within the trade, and we’ve got sturdy relationships with our AIP and service companions to proceed rising and supporting our purchasers throughout the nation. Becoming a member of Patriot will expedite our progress objectives and provide our clients extra services than ever.”
“I’m excited to increase a heat welcome to the Momentum Ag staff,” 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 america. Lucas and his staff have constructed a unprecedented company, and Patriot is keen to help them as they proceed on their progress journey.”
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By GlobalData
From December 2023, Aon will leverage the information supplied by Amini to help the African Growth Financial institution’s (AfDB) Africa Local weather Danger Insurance coverage Facility for Adaptation.
The alliance goals to develop the provision of crop insurance coverage in Africa, bolster the resilience of smallholder farmers, and pace the adoption of environmentally pleasant practices.
In line with the AfDB, Africa is residence 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 inclined to harsh climate occurrences, it added.
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