Introduction Agriculture from time immemorial has always been a gamble with nature and its adversities. Looking back over a decade of severe weather anomalies like flood, drought, superstorms, and pest/disease infestations with impacts on a scale previously unimaginable, there is a pressing need to understand the toll that has been taken. In 2019 alone,...
The primary goal of insurance is protecting the property against loss. By paying a small amount of premium upfront to an insurance company in exchange for the promise of sharing the burden of loss if it occurs in the future. Usually, property loss is associated with Flood Earthquake Cyclones Fire or lightning Windstorm or...
In the Indian economy, the Agriculture sector plays a primary role where nearly 70% of the rural families depend on agriculture. Agriculture is one of the major contributing sectors of the Indian economy as it contributes about 17% to the total GDP. When natural disasters such as drought, flood, earthquake, wildfires, disease, and infestation...
In the current scenario, there are a lot of natural calamities where the importance of insurance has gained more attention than earlier and played a vital role for providing coverage against losses or damages. Challenges: It’s always a challenge to an Insurance company to fix upon a premium at an attractive rate by considering...
As far as a traditional farmer for sowing crops he will fully rely on his previous experience. But in many cases, he can foresee certain natural elements well before time and use in his favor. Here at Satyukt, we make this possible by doing a combined analysis of NDVI (Vegetation Index) and SM (Soil...
If we can answer questions like how? when? how often? and how big? for any natural calamity then we can very well be prepared for the future. We at Satyukt, try to predict earthquakes for future years based on historical events. Image shows historical quake magnitude across Turkey. Additional features of our cat-quake platform...