On September 21 st and 22 nd, the online conference ‘Opportunities of Digital Innovation in Insurance in Africa’ was held in French and English. The event was organized by West Africa Business School, the African Bancassurance Academy, led by Obasi Ngwuta (Managing Director), and Mobile Convergence Ecosystems Ltd., led by Jean-Stéphane Gourévitch, its CEO and Founder. With +500 attendees registered for this virtual conference, and over 40 senior executives from major insurers, reinsurers, regulatory authorities, insurtech start-up’s, global management consulting and law firms, the conference

According to the research from ISF Advisor (2018), only 20% of smallholder farmers in the developing countries have access to agricultural insurance coverage, and in sub-Saharan Africa this falls further to just 3%. Blockchain is a transformative Information and Communications Technology (ICT) that have the potential to revolutionize how data is used for agriculture insurance and enable smallholder-inclusive value chain development. Blockchains are essentially immutable digital ledgers that can be used to securely record all transactions taking place on a given network. Such technological