Kenya’s innovative agricultural microinsurance programme for smallholder farmers wins award
Paepard, 29 June 2012
Kilimo Salama, a partnership between the Syngenta Foundation for Sustainable Agriculture and UAP Insurance, won the Financial Times’ award for Technology in Sustainable Finance, recognising their groundbreaking work to provide smallholder farmers with access to insurance cover using innovative technology and approaches.
Kilimo Salama (Kiswahili for ‘safe farming’) is an innovative index-based microinsurance programme for smallholder farmers in Kenya and the first in the world to use a mobile network-based platform and on-the-ground solar weather stations to provide smallholder farmers with low-cost insurance policies. Kilimo Salama has seen an eventful year marked by severe weather and explosive farmer demand for insurance to mitigate current and future weather risk. It has just completed one of the largest index insurance payouts ever experienced on the continent. They are currently making plans to expand to other countries in the region beginning with Rwanda.
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