Kentucky expands insurance regulatory sandbox, adds protections for financial contracts
Kentucky Seeks to Attract Insurance Innovators through Legislative Changes In a recent initiative, Kentucky has taken steps to enhance its insurance...
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Insurance Nerds Editorial Team
:
May 24, 2025 11:35:31 AM
At the MENA InsureTech Summit in Doha, JP Fabri participated in a panel discussion titled "Protecting Farmers, Powering Growth." This event highlighted a critical issue often overlooked in Africa's development narrative: the need for innovative ways to mitigate risks in agriculture.
Agriculture is vital to the economies of many African nations, but it faces significant challenges from climate change, pests, and market fluctuations. These factors make farming a risky venture for many, which can deter investment and stunt growth. The panel underscored the importance of finding solutions to reduce these risks and create a more stable environment for farmers.
Fabri emphasized the potential of insurtech—technology-driven insurance solutions—to play a vital role in transforming agriculture. By providing tailored insurance products, insurtech can help farmers manage their risks more effectively. This could lead to increased investment in the sector and stimulate economic growth.
In conclusion, addressing the challenges in agriculture through insurtech could help create a more sustainable and prosperous future for farmers in Africa.
Original Source: https://thebftonline.com/2025/05/24/chris-koneys-column-protecting-farmers-powering-growth-why-insurtech-is-crucial-for-agricultural-future/
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