Britam has been Kenya’s friend for life, walking with Kenyans through their highs and lows. Understanding the healthcare challenges faced by the common mwananchi, Britam Connect is driving inclusive insurance by expanding access to affordable and flexible solutions for underserved communities across Africa.
Britam Insurance, a leading provider in Kenya, offers tailored Crop insurance solutions designed to protect farmers from the financial risks associated with crop farming. With a deep understanding of the unique challenges faced by farmers, Britam provides comprehensive coverage options that ensure peace of mind and financial security.
WHAT IS COVERED?
All field crops are covered
TYPES OF CROP INSURANCE
- Indemnity based Crop Insurance – This type of cover pays claims based on the assessed and quantified crop losses due to an insured risk – this in-cludes Multiperil Crop Insurance and Named Peril Crop Insurance.
- Index based Crop Insurance – Parametric type of crop insurance structured and monitored based on a certain proxy such as rainfall data, yield data and vegetation data.
- Hybrid crop Insurance –This is a combination of the above classes.
INDEMNITY BASED CROP INSURANCE MULTI-PERIL CROP INSURANCE
Covers more than one peril risk:-
- Drought (excluded under irrigation)
- Hail damage
- Frost damage Windstorm Malicious damage
- Uncontrollable pests and diseases
- Fire
- Excessive rainfall Flooding
NAMES PERIL INSURANCE
As the name suggests, named peril crop insurance is an indemnity-based insurance product that covers a defined, single peril such as fire in sugarcane plantation or forestry.
INDEX BASED CROP INSURANCE WEATHER INDEX INSURANCE, WII
WII is a form of parametric insurance that provides payouts based on a predetermined weather parameter (like rainfall, temperature) rather than actual crop loss assessments.
It’s commonly used in agriculture to protect farmers from weather-related risks such as drought, excess rainfall, or frost.
AREA YIELD INDEX INSURANCE
- Shortfall in yield due to listed perils
- Loss incurred due to the insured being prevented from carrying out sowing and planting activity on account of a deficit in rainfall or adverse seasonal This is subject to the insurance policy conditions.
WHAT DO I NEED TO DO TO OBTAIN A CROP INSURANCE COVER?
You need to contact your insurance agent to complete a proposal form. We will then visit your farm to conduct a pre-cover assessment and advice you on the premiums payable for the proposed risks cover.
WHAT INFORMATION IS REQUIRED TO GET A QUOTATION?
A completed proposal form with the following information:
- Applicant Details
- Insurance Details
- Crop Details
- Declaration
WHO BENEFITS FROM CROP INSURANCE?
Farmers use crop insurance to financially recover from natural disasters and volatile market fluctuations, pay their equipment providers and landlords, purchase their production inputs for the next season and have the confidence to make long term investments that will increase their production efficiency.
UNDERWRITING PROCESS
- Application – The farmer fills the pro-posal form before the crop is planted.
- Risk certification – Field inspection to assess the risk and certify for insur-ance.
- Indicative terms – Premium quotation is prepared and sent to the farmer.
- Cover processing – Cover confirmation and issuance of policy documents.
CLAIMS PROCESS
- Incident notification – Farmer noti-fies the Insurer within 24 hours
- Claim adjustment – A loss adjuster adjusts the claim
- Claim settlement – Claim settlement occurs
- Loss assessment – Insurer deploys a crop loss assessor
- Claim proposal – Claim proposal is submitted to the client
Tel | WhatsApp: 0712870447