PartnerRe and Farmers Edge offer agriculture insurance customized to the farmer


In Bermuda and Canada, PartnerRe Ltd. announced an innovative deal with Farmers Edge that will help insurers to close the insurance gap among farmers across all continents. This exclusive, four-year agreement between Farmers Edge, a global leader in decision agriculture, and PartnerRe brings together precision farming technology and agriculture insurance in a deal that will fundamentally advance the $5 trillion global food and agriculture industry.

“This first-of-a-kind deal with PartnerRe will have a tremendous impact on farmers as they will gain greater, customized insurance options based on better, more accurate data and simultaneously open up new financing options farmers need to grow their businesses,” said Wade Barnes, president, and CEO of Farmers Edge.

PartnerRe and Farmers Edge will develop new agriculture insurance products. Insurers will benefit from a more efficient loss adjustment process and farmers will be able to obtain insurance, which is customized to their individual needs and parameters.