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.
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 […]
Group savings and loans associations (GSLs) are a simple financial intermediation model where members of a group (usually between 10 and 20) contribute equal amounts of savings or their multiples during meetings which are held weekly, fortnightly or monthly. The savings are then loaned out to members of the group at an agreed interest rate, […]