American National Joins Plug and Play Agtech Program, Expands Commitment to Agriculture Innovation
September 27 2022 - 10:26AM
American National today announced plans to join Plug and Play’s
Agtech program in Fargo, North Dakota. Currently an anchor partner
in the innovation platform’s Insurtech program in Silicon Valley,
the company is expanding the relationship to drive stronger
innovation efforts in one of its core insurance markets.
“We’re excited to join Plug and Play’s Agtech vertical,” said
Matt Ostiguy, Senior Vice President, P&C Chief Operating
Officer, American National. “I’m confident our participation will
put us in a position to better serve the long-term, changing needs
of our clients and bring a unique perspective and level of support
to the startups who are working hard to positively impact the
agricultural community.”
Plug and Play’s Agtech program was launched in 2020 with four
founding partners. The program aims to facilitate opportunities for
pilots, proof of concepts and new relationships between the
selected batch startups and Plug and Play's global ecosystem. Focus
areas of the program include soil sensing and analysis, field
monitoring, precision farming, automation, sustainability, and
supply chain.
“Seeing such a strong partner from one industry willing to enter
a whole new sector is a prime example of how innovative things can
get at Plug and Play. We look forward to breaking new ground in
agricultural technology with American National,” said Michael
Olmstead, CRO of Plug and Play.
American National is the first insurance carrier to join the
Agtech program.
About Plug and Play
Plug and Play is the leading innovation platform, connecting
startups, corporations, venture capital firms, universities, and
government agencies. Headquartered in Silicon Valley, we're present
in 40+ locations across five continents. We offer corporate
innovation programs and help our corporate partners in every stage
of their innovation journey, from education to execution. We also
organize startup acceleration programs and have built an in-house
VC to drive innovation across multiple industries where we've
invested in hundreds of successful companies including Dropbox,
Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For
more information, visit https://www.plugandplaytechcenter.com/.
About American National
American National Insurance Company, founded in 1905 and
headquartered in Galveston, Texas, and other American National
subsidiaries offer a broad portfolio of products and services,
which include life insurance, annuities, property and casualty
insurance, health insurance, credit insurance, and pension
products. The American National companies operate in all 50 states.
In addition to American National Insurance Company, major
subsidiaries include American National Life Insurance Company of
Texas, American National Life Insurance Company of New York,
American National Property and Casualty Company, Garden State Life
Insurance Company, Standard Life and Accident Insurance Company,
Farm Family Casualty Insurance Company and United Farm Family
Insurance Company.
For more information, including company news and investor
relations information, visit the Company’s website at
www.AmericanNational.com.
CONTACT: Bernie Gerwel, Chief Innovation Officer
417-887-4990 ext. 2228
Bernard.Gerwel@AmericanNational.com
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