Kenya’s overall economic performance has remained robust over the past eight years and, according to the latest economic update for the country, this is expected to continue into the medium term, at a rate of 6 percent in 2017. Nonetheless, the country remains vulnerable to both domestic and external risks, including the threat of adverse weather that could curtail agricultural growth. Since more than 96 percent of agricultural land in Kenya is rain-fed, thus vulnerable to drought or erratic rain, mitigating the weather-related risks for smallholder farmers is an important tool for unlocking credit.
Insurers: UAP Insurance (Kenya), APA Insurance (Kenya), CIC Insurance Group Limited (Kenya), Allianz (Kenya), Soras Insurance (Rwanda), and UAP Insurance Tanzania Ltd (Tanzania)
Reinsurers: Swiss Re, Africa Re
Delivery Channels: Seed distribution linked to a mobile network operator’s location service; agribusinesses with out-growers or contracted farmers; lending institutions (banks, microfinance institutions); savings and credit cooperatives (SACCOs) providing input loans; and medium-scale professional farmers.
Between 2013-2016 (Approx. Kenya: 598,428; Rwanda: 568,438; Tanzania: 64,356)
Maize, beans, wheat, sorghum, green grams, rice coffee, potatoes, cashew nuts, sunflower and dairy cows
Weather station- and satellite-based weather index, area yield index, hybrid weather index and MPCI, and dairy livestock insurance
5.2 - 18% of value of insured inputs or harvest
$29.5 million (sums insured 2016)