Insurers have said in the past the growing awareness among commercial farmers, coupled with stricter lending requirements by banks, has accelerated uptake, with credit increasingly tied to proof of insurance.
Kenyans spent Sh2.04 billion on insurance for crops and livestock, including cattle, maize, poultry, trees, and dogs, last year, nearly doubling uptake and signalling a growing appetite for protection against mounting climate risks.
Data from the Insurance Regulatory Authority (IRA) shows that last year’s agricultural insurance premiums was a rise from Sh1.2 billion the previous year, underlining the fast-growing uptake of cover linked to farming activities.
