Today, Protein Industries Canada announced a new project designed to improve the insurance process for agents and farmers across the country. Led by Agi3 Ltd, in collaboration with Agi3 Risk Services Ltd and Aon Reinsurance Solutions Canada, the project will result in an AI-enabled hybrid public-private framework that will modernize and optimize agriculture risk management.
“As the Government of Canada embraces the transformative power of AI, this project represents a promising innovation for Canadian agriculture,” said the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. “By equipping producers with smarter tools to manage yield and revenue risk, Agi3 and Aon will enable farmers to improve financial returns and productivity. Through this initiative, Protein Industries Canada, one of Canada’s global innovation clusters, will strengthen supply chain resilience, benefiting processors, exporters and Canada’s plant protein sector,” said The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, Government of Canada.
The project’s goal is to give farmers more tailored risk management options, help advisors and agents deliver those options more clearly, and support a more resilient and efficient crop insurance environment in the face of climate volatility and fiscal pressure. This increase in efficiency at the farm level will ripple through the food production and agriculture value chain, with the potential to lead to improved ingredient functionality and more made-in-Canada food options on grocery store shelves—strengthening both our domestic food sovereignty and global competitiveness in the food market.
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