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.

For the past decade, the Microinsurance Catastrophe Risk Organisation - better known as MiCRO - has been helping vulnerable populations in Latin America and the Caribbean to manage risk. CEO Carlos Boelsterli reflects on the challenges and opportunities posed by climate change and COVID-19.

MiN: How has MiCRO evolved?