GALVESTON, TX — 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.