2026-11-12 · Source: BusinessLine (API)
Summary in 3 Points • Wingsure has covered over 0.5 million farmers, aiming to improve agricultural insurance access in India. • The company provides insurance for 18 crops, addressing the low coverage of less than 30% among farmers. • Basu highlighted the need for faster claims management to build trust with farmers and expedite payouts. --- Wingsure, a deep tech firm operating in the US and India, has successfully covered over 0.5 million farmers, addressing the significant gap in agricultural insurance coverage, which stands at less than 30% in India. The company offers insurance for 18 different crops and is focused on leveraging technology to enhance the efficiency of premium payments and claims management, which are critical for farmer trust and retention. Avi Basu, the founder and CEO, emphasised the importance of rapid claims processing to allow farmers to resow within the same crop cycle. With the introduction of advanced systems like the Yield Estimation System based on Technology (YES-TECH), Wingsure aims to improve risk intelligence and data management. This could lead to better product offerings and potentially open up new revenue streams, such as carbon credits, while addressing the competitive pricing pressures in the agricultural insurance market. Wingsure's focus on faster claims management and technology integration reflects a growing trend in agricultural insurance, which could influence operational models in the London Market.
Wingsure's focus on faster claims management and technology integration reflects a growing trend in agricultural insurance, which could influence operational models in the London Market.