Crop insurance for farmers likely to boost food security

Index system

For example, compensation is triggered by an index system tied to local weather conditions.

The weather stations which are located in secure sites, send real-time data after every 15 minutes, allowing experts to determine when the situation in a particular area has deteriorated to the point that crops are no longer viable.

Costs are further reduced through use of the Safaricom data network to record policies and transfer funds, both the premiums to UAP and the pay-outs to farmers.

The cost of each transaction is minimal — far less than the price of an SMS message.