Published on June 15, 2015

Feasibility study for property microinsurance: Exploring the market opportunity for housing and property insurance in Kenya


The Kenya Property Microinsurance Feasibility Study is research commissioned by Habitat for Humanity International’s Center for Innovation in Shelter and Finance to determine the market opportunity for property microinsurance in Kenya and explore product concepts and distribution opportunities through Kenya Commercial Bank. The study was supported by Swiss Re and implemented by Bankable Frontier Associates (BFA), with funding from the Swiss Capacity Building Facility (SCBF).   As a stand‐alone policy, property microinsurance is uncommon in Africa, numbering roughly 0.9 million primary and secondary policies as of 2013.The primary impetus for this feasibility study is assessing the feasibility of insurance strategies that could fill this gap and improve low‐income populations’ access in Kenya to formal risk mitigation solutions for housing and property loss. Ultimately, the goal of the feasibility study is two‐fold – a comprehensive report, employing desk‐based and field research, that:

1. Provides recommendations to Kenya Commercial Bank and other financial service providers that will lead to developing, pilot testing, and up‐scaling innovative property microinsurance products that meet the financial needs of low‐income households on a commercially sustainable basis.  

2. Serves as a resource for other development and industry actors who are interested in increasing property microinsurance penetration in Kenya, offering recommendations to facilitators, such as Habitat for Humanity International (HFHI), on how best to support Kenya Commercial Bank and other distribution partners.

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