Insurers extend their offer to agricultural risks

Seven Kenyan insurers are embarking on agricultural insurance. The products proposed apply to crops, livestock (including poultry and crocodiles), drought, hail as well as floods. It is the second attempt led by the insurers of this sector. The first one lasted only from 1987 to 1988 and resulted in a failure. Fraudulent claims strained this initiative triggering substantial losses to the companies involved in the distribution of those products. Unscrupulous farmers and veterinaries plotted to swindle their insurer.