GramCover: Exploring and Refining Blockchain Application in Insurance to Better Serve Farmers

GIIF organized an agriculture Insuretech innovation challenge/competition as a part of an Insuretech fair, hosted in Mumbai, India in July 2019. Through this innovation fair, the GIIF aims at improving the understanding of Insuretech, supporting the integration of different technology solutions with agriculture insurance, and applying innovation with actual programs on the ground.

The Awards recognized some of South and South-East Asia and Pacific's most promising entrepreneurs who are using technology to address challenges in providing agricultural insurance to farmers. The awards were given under three categories of an insurance product’s lifecycle -- Data & Analytics, Sales and Distribution, and Premiums & Claims. The 9 winners, selected from 24 challenge finalists and 105 applicants.

GramCover, winner under the Premiums & Claims category in the GIIF Agriculture Insurtech Challenge 2019, is currently exploring and refining Blockchain application in insurance to better serve farmers.

GramCover is a digital insurance platform company in India that co-creates, with insurers, simple and easy to understand insurance products at affordable price points and uses its technology platform to deliver these products to the rural Indian population to mitigate their production risks.