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AgTech Navigator News
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Willis Towers Watson (WTW) is addressing the limitations of traditional indemnity insurance for farmers by implementing parametric insurance, which offers quicker payouts based on pre-agreed triggers such as rainfall thresholds, eliminating the need for loss assessments. Utilizing satellite data and crop growth models, WTW's solutions offer precise risk management and financial relief, benefiting farmers in regions like Australia and Ethiopia, as well as expanding protection to the broader agricultural supply chain, including commodity traders and food processors.