2026-10-29 · Source: Insurance Journal
Summary in 3 Points • Aon and SAGE are launching a crop insurance program using AI to assess agricultural risk more accurately. • The program will be available to corn and soybean growers in 15 states for the 2027 crop year. • Aon's modelling suggests some growers could save $10 to $15 an acre on additional coverage. --- Aon and SAGE are collaborating to launch a crop insurance program that leverages artificial intelligence to more accurately assess agricultural risks. This initiative aims to provide tailored insurance pricing for corn and soybean growers across 15 states starting in the 2027 crop year, addressing the discrepancies in risk assessment that currently affect many farmers. The new program is designed to complement existing federal crop insurance, allowing farmers to purchase additional coverage at potentially lower premiums. Aon's modelling indicates that some growers could save between $10 to $15 per acre on this additional coverage. This innovative approach could reshape how agricultural risks are priced and managed, providing a more precise reflection of individual farm conditions. The Aon and SAGE program could influence the crop insurance market by introducing AI-driven pricing models, impacting how risks are assessed and premiums calculated.
The Aon and SAGE program could influence the crop insurance market by introducing AI-driven pricing models, impacting how risks are assessed and premiums calculated.