Geosys Signs Latevo International, Positioned to Disrupt Market with New Multi-Peril Crop Insurance Offer in Australia

By a News Reporter-Staff News Editor at Insurance Weekly News -- Geosys announces a new partnership with Latevo Pty Ltd to bring an innovative Multi-Peril Crop Insurance (MPCI) product to Australia for the 2018 growing season. The new solution, called Latevo Crop Monitor, is a custom application developed by Geosys that integrates Laveto's proprietary algorithms to better monitor broadacre crops throughout the season. Latevo Crop Monitor aims to lower the cost of MPCI for Australian farms by nearly 70-percent compared to historic models.

"The addition of the Latevo Crop Monitor to both our underwriting and client offering is a massive step forward in helping our farmers achieve their potential yields. The ability of Geosys to custom configure its Croptical platform to meet our innovative insurance solution is an absolute credit. Latevo Crop Monitor brings transparency to a new level, which is a key part in building grower confidence in crop insurance here in Australia," says Andrew Trotter, CEO of Latevo.

Keywords for this news article include: Geosys, Crop Insurance.

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