Telangana farmers sign MoU with Wingsur to provide personalized insurance, consulting services – Times of India

HYDERABAD: The Telangana government on Thursday said it has entered into an agreement with SRI International (formerly Stanford Research Institute) ‘s Insuretech Venture Spin-Out Wingsur to provide personalized crop insurance products and advisory services to small, underprivileged farmers in the state.

The US-based Wings will collaborate with government agencies to create ground distributions based on its deep-tech platform, including voice augmented reality (Augmented Reality), AI (Artificial Intelligence), and ML (Machine Learning) -based. And natural language processing (NLP), so that farmers can communicate in their mother tongue.

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It will supply and distribute crops and other general insurance products through a network of insurers and broker partners. It will offer customized advisors, training and quick insurance claims through its mobile-based platform.

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Telangana’s Department of Information Technology, Electronics and Communications (ITE & C) will assist in implementing the solution, while the Department of Agriculture will propose implementation on the ground through its existing network.

Professor Jayashankar Telangana State Agricultural University (PJTSAU) will impart its domain expertise through its research centers across the state. It will provide its expertise on risk mitigation in crops, climate and a few other important areas through Wingsur’s platform.

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Commenting on the development, ITE and C Chief Secretary Jayesh Ranjan said, “Technological advancement and implementation is the way to transform agriculture. Our government has identified agriculture as a priority sector and recognized the importance of AI and other emerging technologies in increasing agricultural productivity and improving the livelihoods of farmers in the state.” The involvement of Wingsure will ensure the interaction of hyper-local data with deep technology to provide a myriad of services for small holders. ”

Avi Basu, Founder and CEO of Wingsur, said, “We are thrilled with the potential of this partnership, where Wingsur’s deep technology platform for climate risk mitigation, including climate change risks and our meaningful engagement with farmers and all stakeholders, will .

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