Chris Koney’s column: Protecting farmers, powering growth: Why Insurtech is crucial for agricultural future

Enhancing Resilience in African Agriculture

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.

The Problem at Hand

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.

The Role of Insurtech

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.

Key Takeaways

• The discussion brought attention to the urgent need for innovative risk management strategies in agriculture.
• Insurtech offers promising solutions that can empower farmers and promote resilience.
• Collaboration among stakeholders, including governments, tech firms, and farming communities, is crucial for these initiatives to succeed.

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/