Climate risk mgmt co WRMS plans to cover 1 cr farmers in FY18

Climate risk management firm, Weather Risk Management Services (WRMS), plans to bring 1 crore farmers under the Prime Minister Fasal Bima Yojana (PMFBY) over the next one year.

WRMS, which works with all the 12 insurers that are active in the space, has so far enrolled 30 lakh farmers under the scheme. Moreover, the New Delhi-based firm plans to do loss adjustment exercise or claim settlements under the scheme for premia in order of Rs 10,000 crore next year.

"We have already enrolled 30 lakh farmers from under PMFBY so far and we do plan to increase it to 100 lakh next fiscal year," WRMS founder and managing director Sonu Agrawal told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)