2023-05-10 09:31:35 ET
- Planet Labs ( NYSE: PL ) extends strategic partnership with AXA Climate, a company that provides consulting services to the agri-food, industrial, financial and public sectors.
- Based in Paris, France, AXA Climate, offers unique drought insurance services that estimate crop yield and losses and automatically trigger payouts within a few days of an end of a risk period.
- “With Planet’s unique satellite data, AXA Climate has been able to provide a high quality index insurance coverage service for farmers and cooperatives. We can now act quickly to help farmers and stakeholders combat the major threat of drought to agriculture around the world,” said Antoine Denoix, CEO of AXA Climate.
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Planet and AXA Climate extend partnership for drought insurance program