
Johnston, Iowa and Munich, Germany – April 6, 2023 – Growers Edge, a provider of data-driven financial technology (fintech) solutions for the agriculture industry, announced today a strategic relationship with Munich Re, the leading global provider of reinsurance, primary insurance, and insurance-related risk solutions. The relationship between the two companies will bring together Growers Edge’s data and analytics and Munich Re’s vast experience in reinsurance to help increase efficiency and reduce risk for ag partners to offer Growers Edge’s warranty-backed crop plans to their farmer customers.
“As we continue to scale our products, we will rely on Munich Re’s global expertise to support our efforts,” said Hollie Bunn, Interim CEO at Growers Edge. “We are thrilled to have a relationship with Munich Re. Their progressive strategies are extremely appealing, fit well with our goals and vision, and will help our partners mitigate risk for their farmer customers.”
Growers Edge builds industry-leading fintech and data solutions to empower ag retailers and input manufacturers. The company’s warranty-backed crop plans and lending solutions help partners deploy crop plans to their farmer customers that reduce risk and increase efficiency.
“Munich Re is one of the world’s most sought-after risk partners for businesses. This new relationship comes at a critical period in the history of the agriculture industry,” said Ahraz Husain, Vice President of Data at Growers Edge. “With the uncertainties surrounding adopting sustainable practices and other new products and practices, providing options with innovative leaders like Munich Re is important as we scale our business.”
Adopting new ag technologies like seed, chemicals or earth-conscious practices has been intimidating and costly, with no backstop for farmers. Growers Edge warranty-backed crop plans and lending products help partners bring risk-mitigating solutions that help their farmer customers adopt new technologies and practices that can improve yields. The company is playing a pivotal role in driving forward the ag industry’s digital transformation. Through the relationship with Munich Re, the company has expanded its ability to address risk and deliver financial certainty to farmers.
For more information about Growers Edge and its industry-leading input lending and warranty-backed crop plans, visitwww.growersedge.com.
For more information about Munich Re and its risk transfer solutions for data- and AI-driven businesses, visit www.munichre.com/insure-ai.
Source: Growers Edge