Skip to main content

American National Joins Plug and Play Agtech Program, Expands Commitment to Agriculture Innovation

Written by Customer Service on . Posted in Public Companies.

GALVESTON, Texas, Sept. 27, 2022 (GLOBE NEWSWIRE) — 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: CONTACT: Bernie Gerwel, Chief Innovation Officer
417-887-4990 ext. 2228
Bernard.Gerwel@AmericanNational.com 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.