Linda Jamii was launched to provide an affordable health insurance option to Kenyans. It provides comprehensive coverage for inpatient and outpatient services, as well as some dental and optical services. Benefits coverage includes a hospitalization income replacement benefit as well as funeral costs, should a beneficiary pass away. Using M-Pesa and a robust e-health IT […]
A lack of a safe, cost-effective way of saving money over time makes it difficult for the poor to earmark funds for health expenses, even for expected medical costs such as maternity and delivery care. Changamka Microhealth Limited offers clients who may not have access to traditional banking platforms, various mobile savings accounts earmarked for […]
Airtel Kenya has partnered with Pan Africa Life Assurance Limited and MicroEnsure to launch a free insurance product which will offer Airtel customers in Kenya life, accident and hospitalization insurance with increasing benefits based on their monthly airtime usage. The product, which is tagged Airtel Insurance is packaged to deliver affordable insurance services and encourage insurance culture among Kenyans. The […]
The aim of this review is to assess the impact that FSD and partners have had in catalysing the creation of a commercially viable market for Index Based Weather Insurance (IBWI) in Kenya. The review also makes recommendations about how such a market might be achieved through the existing pilots.
In May 2012, FSD Kenya commissioned Bankable Frontier Associates (BFA) to conduct a review of its index based weather insurance project. The aim of the review was to assess the impact of the project on market development and evaluate the potential for creating a well-functioning and sustainable market for index insurance. The review reveals that […]
FinAccess data shows that in 2009 only 7% of Kenyan adults used any insurance product, up only modestly from 6% in 2006. The use of conventional agricultural insurance products, like other types of insurance, is very limited in Kenya. Index-based weather insurance (IBWI) offers a powerful new way to tackle the risks associated with rain-fed […]