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Author(s): Tony Malesi

Climate change mitigation: Flood insurance scheme launched to protect small farmers in Kenya

Source(s): Down To Earth
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Smallholder farmers in Kenya who fall victim to floods will soon be indemnified with recovery funds almost immediately after the disaster, according to officials.

Swiss Re, a global reinsurer keen on helping developing countries build climate resilience, has unveiled an index-based flood insurance scheme to cushion farmers in the eastern African nation.

To successfully execute the programme, the reinsurer has partnered with Britam, a leading financial service provider in Africa, and Oxfam, a UK charity fighting global poverty.

The pilot programme was launched in Tana River County, one of the common flood-prone regions in Kenya, with national rollouts expected in due course.

The parametric flood solution was developed using data modelling and satellite imagery to predetermine floodwater thresholds and provide indemnity at an affordable cost.

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Hazards Flood
Themes Food security and agriculture
Country and region Kenya

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