The transfer of weather risk away from these farmers to the international insurance markets strengthens the resilience of farmers and agricultural businesses to weather impacts. It provides additional – and important – security which also supports our Kenyan economy. A great benefit for the development of micro insurance is the deepening of penetration per capita.
Long periods of growth lead to exceptionally favourable funding terms; these, in turn, encourage enterprises and households to make investments that are based to a very great extent on the principle of hope – hope that the economy will continue to grow at the same pace.