Smallholder farmers in Kenya to get Sh117m insurance payout for crop failure

Tuesday, September 1, 2020

MiN member APA, together with five other underwriters Amaco, Jubilee, Gemini, Kenya Orient and CIC Group, and with international backing from Swiss Re, released Sh117.5 million in compensation to 25,000 smallholder farmers across 28 counties in Kenya for climate-related crop losses.

APA chief executive Ashok Shah said since 2016, pastoralists who insured their animals have also received Sh700 million for animals killed by drought, while another 37,500 farmers received Sh217 million for crop loss.

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Casual labourers in Bangladesh to benefit from newly launched flood insurance scheme

Monday, August 3, 2020

Network members World Food Programme (WFP) and Green Delta Insurance Company Ltd, together with Oxfam Bangladesh, launched a new insurance scheme in July to protect casual agricultural labourers in Bangladesh from catastrophic floods during this year’s monsoon season. The scheme will support 2,000 casual labourers engaged in agricultural work, each household receiving a pay-out of BDT 2,700 to 18,000 to cover their wage losses caused by severe flooding.

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MiN Member profile: MicroEnsure

Wednesday, July 22, 2020

With its roots in the microfinance movement, MicroEnsure has been a microinsurance pioneer since 2006. Richard Leftley, CEO and Founder, and Kiereini Kirika, Regional Director for East Africa say the recent move to become part of the Micro Insurance Company marks the start of an exciting new chapter.

How has MicroEnsure evolved over the past two decades?

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COVID-19: a moment of truth for microinsurance

Wednesday, July 22, 2020

The COVID-19 crisis has taken its toll on the insurance industry, but how did it particularly impact microinsurance clients, who were forced to choose between paying their premiums or paying for food? Bearing in mind the old adage ‘never let a good crisis go to waste,’ the Microinsurance Network’s (MiN) latest Expert Forum asked whether the pandemic has strengthened or undermined the business case for microinsurance.

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