Food Security: Remote Sensing and Artificial Intelligence as Tools for Agricultural Risk Mitigation

September 14, 2021, 12 – 2 p.m. EDT

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Tuesday, September 14, at 12:00 p.m. EDT

About Event

Food security is a worldwide concern, but particularly in Africa. The number one problem for African farmers is access to capital. Without working capital farmers struggle to get ahead and provide food for the continent. To access capital, farmers need insurance to cover the capital risk. The Insurance providers themselves need a standardized and scalable way to efficiently gauge the risks, tailor premiums and potentially deliver yield optimization insight to the farmers.

This event brings together three speakers from South Africa’s insurance, academia, and business to present and discuss the challenge, the innovative solution being developed to overcome it at scale, and its impact on food security.

During this event you will be able to:

 

Understand the problems and size of the market

Understand the technical solutions to address the problems.

Gain insight into the business opportunity

Discuss the financial feasibility and scalability of the solution

Engage the subject matter experts at the cutting-edge of solving the problem

Speakers

Bertus van Zyl

MD, UAV Aerial Works

Dr. Mohamed Abd Elbasit

Associate Professor at Sol Plaatje University

Peter Olyott

CEO Indwe Broker Holding

Anthony Atigari

Host, Canada Africa Business Forum

Agenda

Ottawa timezone, EDT

12:00 pm – 12:03 p.m. EDT

Welcome and Introduction

Anthony Atigari

Host, Canada Africa Business Forum

12:04 – 12:33 p.m. EDT

The Problem and the size of the market

Peter is the CEO of Indwe Broker Holdings and Indwe Risk Services. He is the current President of the Financial Intermediaries Association of South Africa and a Fellow of the Insurance Institute of South Africa. As the Chief Executive of a 100-year-old company, and seasoned insurance professional, Peter is ideally positioned to comment on insurance related matters in the agriculture industry.

His talk will focus on the challenges faced by insurers when taking on risk in agriculture and how mitigating risk for insurers can be a catalyst for food security.

Peter Olyott

CEO Indwe Broker Holding

12:34 – 1:03 p.m. EDT

Technical solutions to addressing the problems

Mohamed is a Professor at Sol Plaatje University and a previous researcher at the Agricultural Research Council of South Africa. As a preeminent academic in the field of remote sensing, Mohamed is ideally positioned to comment on solutions to the risks faced by farmers and insurers.

His talk will focus on technology solutions in agriculture, specifically the use of remote sensing to provide evidence for risk mitigation.

Dr. Mohamed Abd Elbasit

Associate Professor at Sol Plaatje University

1:04 – 1:33 p.m. EDT

The business opportunity, financial feasibility, and scalability

Bertus is an electronics engineer and software developer and holds an MBA from the University of Cape Town. He is a manned pilot and an instructor-rated drone pilot, and the Managing Director of Aerial Works. He is currently enrolled for a Ph.D. at Wits University in their Faculty of Science in the School of Geography and Environmental Science, specifically the Remote Sensing and GIS program. His research is focused on reducing risk in the agriculture industry using remotely sensed data overlayed by Machine Learning Algorithms.

His talk will focus on food security and how Artificial Intelligence can be used to assist farmers and insurers in creating financially feasible business models.

Bertus van Zyl

MD, UAV Aerial Works

1:34 pm – 1:59 pm EDT

Questions & Answers

Attendees: Fully Interactive session 

1:59 – 2:00 p.m. EDT

Event Ends