discovermarket and Lexasure announce strategic partnership to revolutionize agricultural resilience in Indonesia

12 Mar 24

Indonesia, 12 March 2024discovermarket and Lexasure are delighted to announce a strategic partnership, marking a significant milestone in revolutionizing agricultural resilience in Indonesia. Together, both entities are dedicated to addressing the protection gap through parametric agriculture insurance, aimed at safeguarding smallholder farmers and enabling insurers to cater to new customer segments.  

This collaboration underscores a shared commitment to transforming the agricultural landscape by introducing innovative solutions that empower farmers in coping with unpredictable weather patterns. The implementation of parametric weather protection is poised to offer farmers a robust safety net, allowing them to navigate weather-related uncertainties with confidence. 

At its core, this partnership aims to minimize harvest losses during adverse weather conditions. Parametric insurance ensures expedited relief for farmers in the aftermath of floods, droughts, and other climate-induced calamities, providing them with a lifeline to swiftly recover from unforeseen challenges. 

“The possibility to leverage the technology platform provided by discovermarket allows us to create new ecosystems and bring micro-insurance efficiently to the ones that need it most and drive the transformation process for insurers, especially in agriculture insurance. We will launch multiple programs over the next years not only in Indonesia, but also in the other relevant ASEAN markets” says Ian Lim, CEO of Lexasure.  

“Our collaboration with Lexasure signifies a united commitment to transforming the agricultural landscape, bringing forth innovative solutions that empower farmers in the face of unpredictable weather”, says Patrick Buehler, CEO of discovermarket. “Together, we can unlock the large potential and create New Insurance offerings for Agri-Input companies, smallholder farmers, banks and government entities in the agriculture space.”  

About Lexasure Financial Group

Lexasure Financial Group provides reinsurance and digital insurance solutions, including Reinsurance-as-a-Service (RaaS), that Lexasure believes will enable our clients to manage risk, accelerate growth, and effectively compete. We seek to drive the digital transformation of the insurance and reinsurance industry with scalable and innovative products that meet the local needs of companies and people in fast-growing Asian markets. Our management team has deep expertise in reinsurance, insurance, and insurance tech. Our values are based on a belief that our products enable customers to live and grow boldly while enhancing resilience. We serve over 60 primary insurers across 22 countries in Asia, the Middle East and North America. For more information, go to lexasure.com. 

About discovermarket 

discovermarket is a global insurtech company headquartered in Switzerland, with operations spanning South-East Asia and a network encompassing over 200 million customers via ecosystem partners. discovermarket’s API marketplace connects insurers, brokers, and service providers, enabling a truly digital insurance journey and making insurance affordable, accessible, and attractive for everyone.  

For more information, visit https://discovermarket.com/. 

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