π¦οΈ Welcome to Eli, your go-to source for daily inspiration in entrepreneurship! π In this insightful episode, we are honored to host Anuj Kumbhat, the co-founder of Weather Risk Management Services (WRMS).
π’ WRMS is a trailblazing venture that has revolutionized the world of weather index insurance, making it accessible to millions of farmers across India. πΎ With a humble beginning in 2004, Anuj and his co-founder embarked on a remarkable journey, driven by the vision of supporting farmers in the face of climate uncertainties.
π In this interview, Anuj shares his pre-entrepreneurial story, hailing from a tier 2 city and building a career in finance and insurance sectors. The pivotal moment came when he and his co-founder introduced the concept of weather index insurance while working in ICC Lombard General Insurance. Witness how their innovative solution changed the game for Indian farmers!
π Dive into the intricacies of weather index insurance as Anuj explains how WRMS leverages historical weather data and advanced analytics to evaluate risks and calculate premiums. Learn about their pioneering use of technology, including automatic weather stations and big data analysis, to ensure accurate payouts and minimize basis risk for farmers.
π± Today, WRMS has scaled up to serve over 500,000 farmers, offering them much-needed protection against weather-related adversities. Moreover, the company's disaster management initiatives with their network of 4,000 weather stations have extended their positive impact beyond agriculture.
π‘ Join us in this inspiring conversation to learn about the challenges faced by WRMS during its growth and how they overcame these hurdles. Anuj's story serves as a testament to the power of innovation, determination, and the pursuit of making a difference in the lives of millions.
π Don't miss this opportunity to gain valuable insights into entrepreneurship, weather risk management, and the transformative impact it has on the lives of farmers and communities. Hit that "Subscribe" button and hit the bell icon to never miss an episode of Eli!
π¬ Watch now and let the story of WRMS and Anuj Kumbhat inspire the entrepreneur within you! π₯
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