New mobile insurance app for farmers
SRI International , a research center headquartered in Menlo Park, California, announced that its venture spinout Wingsure is expanding its artificial intelligence (AI) and augmented reality (AR) capabilities to deliver instant access to personalized insurance products for underserved small farmers and communities worldwide.
Wingsure’s application leverages AI and machine learning (ML) to process insurance claims with the aid of SRI’s computer vision, geospatial, and AR technology, which can confirm crop damage, identify the validity of insurance claims and make a prompt settlement.
In addition, Wingsure combines voice prompts and natural language processing to allow farmers to speak in their native language. The platform can be scaled to integrate with existing mobile communication platforms, and claims that previously took 3 to 12 months to complete can be verified and processed in minutes.
“Farmers are the foundation of our society, but many farmers worldwide are exposed to risks that could cost them their livelihood and their land . We now have the technology to protect these small farmers anywhere in the world. Not only can we insure them, but by applying this kind of advanced technology, Wingsure can help farmers become more successful growers.” – Avi Basu, founder and CEO of Wingsure.