Layer 1 Agriculture is an AI-powered managing general agent (MGA) that provides climate-smart crop insurance to specialty crop producers, underserved regions, and climate-vulnerable farms. Its proprietary L1A Risk™ engine, a Vertical AI risk scoring system, converts fragmented climate, crop, and farm data into farm-level risk scores to enable precise, real-time underwriting. The company offers parametric insurance with automated payouts triggered by objective disaster data, as well as indemnity insurance and custom captive structures.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional crop insurance relies on historical yield averages and one-size-fits-all policy templates, which often exclude specialty crops, smallholders, and farms in climate-vulnerable regions. Delayed claims processing and limited payouts further hamper farmers in low-data, high-volatility environments, leaving them without adequate protection against increasingly frequent and severe climate events.
Solution
Layer 1 Agriculture is an AI-powered MGA that uses its proprietary L1A Risk™ engine, a Vertical AI risk scoring system, to transform fragmented climate, crop, and farm data into structured, farm-level risk intelligence. This enables precise, real-time insurance decisions—including risk selection, pricing, and coverage—even in areas with sparse data. The company offers parametric insurance with automated payouts triggered by objective disaster data like drought or rainfall shortfalls, as well as precision-priced indemnity coverage and custom captive structures for cooperatives and grower alliances. By identifying risks early and aligning coverage with adaptation strategies, L1A supports long-term farm resilience in a climate-defined world.
Target Audience
Primary customers are specialty crop producers, cooperatives, grower alliances, and agribusinesses in underserved or climate-vulnerable regions, as well as insurance distributors and reinsurers seeking climate-smart crop insurance products.
Features
- L1A Risk™ engine delivers farm-level and parcel-level risk scores that drive precise selection, pricing, and coverage decisions, even in low-data environments
- Parametric insurance products with automated payouts triggered by objective disaster data such as drought and rainfall shortfalls
- Indemnity insurance with precision-priced traditional coverage for revenue loss, based on L1A Risk™-driven risk selection
- Custom captive structures for cooperatives, grower alliances, or agribusinesses to retain risk and access reinsurance
- Designed to support a broad range of crops, including specialty crops and adaptive farms in underserved or climate-vulnerable regions
- Risk scores analyze climate, crop, operational, and market risks into a single actionable number, similar to a credit score for agricultural resilience