Britam Holdings’ micro-insurance unit is targeting up to 20,000 households in Tana River with its flood cover that has been scaled up following a pilot phase that paid out Sh14.1 million claims in 2023.
The cover, dubbed Britam Mafuriko, is index-based and triggers payouts automatically when rainfall levels cross a set threshold. The cover benefited 300 families in Tana River during the 2023 floods that hit multiple counties in the country.