Welcome to the next generation of insurance. WorldCover pairs long term remote weather data with the latest satellite technology, making complex actuarial calculations into simple policy term sheets. Our technology combines machine learning with agronomy, compares multiple data sources and forecasts to give you the most affordable and easiest to use insurance possible.
The WorldCover pricing engine is able to tailor flexible, customized insurance policies for our farmers by combining together building blocks we call Impact Events.
Impact Events are the weather events that you will get a claim from. The amount of claim is related to the anchor value being insured, and varies by the level of impact that comes from each event.Impact Events for CropAssure Soybean
Below we show an example of a policy that has precipitation-related impact events to illustrate the process. Many of our products use a combination of rainfall, temperature and wind impact events to cover the most damaging weather related risks for crops.