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APA targets small firms, poor households with micro-covers for floods, sickness
APA Microinsurance chairman said the two products reflect the company’s commitment to designing practical and scalable insurance solutions that respond to real-world risks.
APA Microinsurance has rolled out micro-cover packages for sickness and weather-related disasters like floods, in a move aimed at inclusion of low-income households and small businesses.
The insurer, part of Apollo Group, has partnered with VisionFund Kenya and global climate Insurtech IBISA in rolling out two products — AfyaCash and ClimaCash+ — as it seeks to deepen insurance in the informal sector.
Ashok Shah, Group CEO of Apollo Investments, the parent company of APA, said the micro-cover products bridge the protection gap among low-income households and small enterprises.
“AfyaCash speaks to life protecting individuals and families when hospitalisation disrupts income, while ClimaCash+ speaks to livelihood, safeguarding farmers and households when extreme weather threatens their survival,” he said.
“These innovations are designed to serve the under-insured, addressing emerging risks and empowering communities to build resilience in an ever-changing world,” he added.
AfyaCash, which has been in pilot phase, offers policyholders a daily cash payout during hospitalisation to cushion them from income loss and unexpected medical costs.
The cover is integrated into all loans disbursed through VisionFund Kenya, ensuring that borrowers automatically receive protection during periods of illness. The pilot phase covered more than 25,000 beneficiaries.
The insurer has enriched the micro-covers with ClimaCash+, a parametric insurance product designed to make automatic payouts to individuals and communities affected by extreme weather conditions such as floods and drought.
ClimaCash+ uses satellite and rainfall data to determine when and where weather-related events occur. When rainfall levels or other conditions exceed pre-agreed thresholds, the system automatically triggers a payout to affected policyholders without the need for manual claims.
The product has been tested in Eldoret, Nyeri, Nyahururu, Narok, and Nyandarua, reaching about 1,500 policyholders since March 2025. The next phase of ClimaCash+ will include additional weather triggers such as drought, heat, and flooding before a nationwide rollout.
APA Microinsurance chairman Joseph Ogutu said the two products reflect the company’s commitment to designing practical and scalable insurance solutions that respond to real-world risks.
“AfyaCash has already demonstrated the transformative power of inclusive insurance in changing lives. With ClimaCash+, we are taking an even bolder step forward to empower vulnerable and underinsured communities to withstand the growing impacts of climate change,” said Mr Ogutu.
