Agriculture dominates the Kenyan economy, accounting for 40% of the overall workforce (70% of the rural workforce) and about 25% of the annual workforce.
According to the records, the country’s major agricultural exports are tea, coffee, cut flowers, and vegetables.
Kenya’s high rainfall areas constitute about 10% of Kenya’s arable land and produce 70% of its national commercial agricultural output.
Farmers in semi-arid regions produce about 20% of the output while the arid regions account for the remaining 10% of the output.
Productivity remains relatively low in all the regions due to poor incentives, and underdeveloped supporting infrastructure and institutions.
Minet Kenya
Agriculture continues to be a headline business risk and farmers are nowadays facing a large variety of emerging regulatory changes and an increasingly global business environment, making their future more difficult to predict.
Challenges such as yield losses due to bad weather, pests, and diseases; post-harvest losses during storage and transport; bioterrorism; genetically modified organisms; global warming, and contamination make incomes from the agribusiness extremely volatile and can have financially devastating effects if not properly identified and addressed on time.
Minet Kenya Agriculture division provides expert advice and broking services to clients worldwide within the agriculture industry.
Their engagement spans the full spectrum of the agriculture business, from small-scale practitioners of agriculture to large-scale, local, regional and international food processing companies.
The agricultural insurance expertise combined with Minet’s vast knowledge of the African continent allows us to provide clients with tailor-made packages that best suit their needs.
We are dedicated to providing our clients with profound subject-specific expertise and risk advisory, risk transfer and structured solutions that help them navigate the increasingly complex landscape of regulations and stakeholder pressures.
We provide our clients with an assessment of their agribusiness risks, determine appropriate risk
management solutions and identify and negotiate tailor-made insurance solutions where necessary.
LIST OF MINET INSURANCE HOSPITALS
Our team analyses and provides coverage solutions to risks including:
Crop Insurence
-Death/Emergency Slaughter due to Accident
-Death/Emergency slaughter due to Fire,
Explosion, Storm, Lighting, Disease, Snake
Bites, …
– Loss due to Theft
– Loss due to Calving Complications
– Liability from Stray Animals
Others
– Farm Assets Insurance
– Personal Accident Policy
– Public Liability
– Fidelity Guarantee
– Electronic Equipment
– House & Motor Vehicle Cover
– Travel Insurance
– Goods in Transit
– Business Interruption
Livestock Insurence
– Drought
– Excess Rainfall
– Weather Index Insurance
– Frost and Floods
– Windstorm & Hail
– Insect / Pest Infestation
– Fire & Lightening
– Early Rain Degradation on Crops
– Controllable Diseases
