Key Takeaways
- Aanika is expected to surpass $50 million in risk exposure by the end of the month, marking a shift from R&D to commercial operations.
- The company will launch its Total Protection Network in Q2 2025, integrating insurance, warranties, and risk mitigation tools.
- Aanika is a Lloyd’s Coverholder, allowing it to offer specialized insurance solutions for the agriculture sector.
- The company’s platform includes traceability technology aimed at addressing risks such as herbicide drift.
- A proprietary AI-powered sales engine supports tailored risk management solutions across the agriculture value chain.
Aanika Expands Commercial Operations with New Risk Platform
Total Protection Network Targets Agricultural Risk Gaps
Aanika, an agri-insurance and biotechnology company, has announced it is on track to exceed $50 million in total risk exposure by the end of the month. This milestone reflects a transition from its research and development phase to broader commercial implementation.
In the second quarter of 2025, the company plans to launch the Total Protection Network, a platform designed to provide integrated risk management for stakeholders across the agriculture sector, including farmers, cooperatives, ag-retailers, and manufacturers.
Total Protection Network to Address Complex Agricultural Risks
Aanika’s Approach to Risk Management and Technology Integration
The Total Protection Network will offer a range of insurance-related tools, including warranties, risk mitigation services, and coverage products that target operational challenges not typically addressed by traditional or weather-focused insurance.
As a Lloyd’s Coverholder, Aanika is authorized to underwrite insurance policies through the Lloyd’s marketplace. Select offerings within the network will incorporate the company’s traceability technology, which is being applied to risks such as herbicide drift.
“With the Total Protection Network, we’re introducing a new infrastructure for managing risk in agriculture,” said Vishaal Bhuyan, CEO of Aanika Biosciences and Insurance Services.
AI-Driven Platform for Custom Risk Solutions
Sales Engine Supports Product Matching and Distribution
Aanika’s platform will include a B2B AI sales engine, designed to generate customized risk solutions based on internal datasets, agricultural trend analysis, and company-specific needs. The system aims to streamline the process of selecting insurance and mitigation tools for clients across different segments of the agriculture industry.
The platform is positioned to support scalable distribution, allowing Aanika to reach a broad network of users and deliver tailored support across varying risk profiles.
Company Background and Founding Team
Aanika’s Development Path Since 2018
Founded in 2018, Aanika brings together expertise from biotechnology, insurance underwriting, and financial risk management. The company is led by Vishaal Bhuyan, who has a background in credit derivatives and insurance-linked securities and has authored several publications on the subject.
The organization continues to expand its offerings as it moves into the next phase of commercial operations, with a focus on providing multi-layered risk solutions for agriculture.
