our claims services
Our claims services help crop insurers save 40%-75% of the time spent processing a claim
We help crop insurers enhance the efficiency of their field visits, improve the accuracy of adjustments and resolve complex claims in a timely manner.
At PlanetWatchers, we understand the importance of providing solutions that can enhance the claims process for our customers and as a result, we have created a comprehensive range of services for crop insurers in North America.
Our insurance claims services include an automated wind service that identifies wind damage events, a prevented planting service that provides comprehensive information for the efficient adjustment of claims, and a forensic analysis service for complex investigations. We understand that every customer is unique and we work closely with them to develop innovative solutions for improved efficiency and value.
WHAT MAKES UP OUR CLAIMS SERVICES?
Our range of claims services include
Our automated wind service helps to identify large-scale damage events ensuring the accurate assessment of claims payout.
Our prevented planting service has been developed to provide all the relevant claim adjustment information in a single report.
Our forensic analysis service offers a more detailed review of the events in a field based on time series data from multiple sources.
Innovation and R&D
Numerous additional areas of innovation, to improve efficiency and provide everyday value to crop insurers.
WIND DAMAGE ANALYSIS
Enabling adjusters to make informed decisions, saving time and resources, and helping settle claims accurately
Our automated wind service leverages the latest advancements in data analysis to provide insurance adjusters with a comprehensive understanding of the damage caused by wind. By analyzing satellite images, weather data, and other relevant information, we can identify areas that have been affected by wind damage, even in cases where the damage may not be immediately apparent.
One of the most significant benefits of our automated wind service is that it allows adjusters to focus their efforts on the areas that have been most severely impacted by wind damage. Therefore, adjusters can make informed decisions and prioritize their field visits, saving significant time and resources. The service can also help improve the accuracy of insurance claims assessments, by providing adjusters with a more complete picture of the damage. We can help ensure that claims are settled fairly and accurately, providing the Insureds with the right payouts.
Helping adjust prevented planting claims more efficiently, reducing loss adjustment expenses and improving claims assessments
Our prevented planting service provides a comprehensive report that includes the location of prevented planting areas within the field, field conditions over time, localized precipitation, cause of loss, and 1 in 4 rule validation. This information is critical to enhancing the accuracy when assessing prevented planting claims, helping to ensure that producers receive the correct payout. It enables adjusters to process claims more efficiently by providing all of the relevant information in a single report. Adjusters can quickly assess the claim and make informed decisions about how to proceed, therefore, reducing loss adjustment expenses.
Helping resolve controversial claims, improving claims assessments, and saving crop insurers time and money
Our forensic analysis service involves a detailed review of events in a field, using advanced data analysis techniques to identify potential causes and contributing factors. By examining weather data, soil conditions, and other relevant information, we are able to provide adjusters with a complete picture of the damage and help them make informed decisions about how to proceed.
One of the key benefits of our forensic analysis service is that it can support insurance companies in resolving controversial claims. In one recent example, our forensic analysis service supported a leading AIP in resolving a controversial claim, saving them over $4.2 million in the process. By providing a detailed and thorough analysis of the events that led to the damage, we were able to help the insurance company make an informed decision and settle the claim fairly and accurately.
INNOVATION AND R&D
Improving claims assessments, providing everyday value, enhancing efficiency, and helping guide production practices in the industry
Harvest Detection: Understand when and where harvest operations have occurred
Tillage: Detect when and where tillage has occurred
Growing Season Inspection: Validating areas of potential concern
Production Monitoring: Flagging potential production anomalies throughout crop development
Cover Crop Detection: Understand the location and extent to which cover crops are used
Relative Yield: Forecasting crop yield based on historical production
Hail: Identify crop damage caused by hail
Fund Designation: Informing risk profiles for resource allocation
Our automated acreage reporting enhances the accuracy of manual data collection by 14%
Our acreage reporting services are up to 14% more accurate than manual data collection and are designed to save up to 83% of the manual effort involved in collecting acreage reports. We help crop insurers with more efficient resource management and improve accuracy. Recording crop acres can be made more efficient and accurate with our acreage reporting services.
Discover our approach to building long-term partnerships, scalable solutions, and reliable outputs
PlanetWatchers is committed to serving customers in the crop insurance industry. We pride ourselves on our unique approach, which centers around fostering long-term partnerships, developing scalable solutions, and delivering reliable outputs. By focusing on these key areas, we believe that we can help our customers achieve their goals and grow their book of business.