Millions of farmers in Kenya and across Africa are vulnerable to climate shocks due to extremely low agricultural insurance uptake and high premiums, warned industry players at the Africa Reinsurance Climate and Insurance Workshop. This disparity is stark given agriculture's significant contribution to the continent's GDP.

• Less than 17 percent of farmers are insured in Africa, with agricultural insurance accounting for under 1 percent of total premiums in Kenya.
• Phocas Nyandwi, Regional Director at Africa Re, highlighted that Africa contributes barely 2 percent of global agricultural insurance premiums despite agriculture making up about 30 percent of Sub-Saharan Africa’s GDP.
• The Insurance Regulatory Authority (IRA) reports Kenya’s total insurance penetration at about 2.4 percent of GDP, significantly below the global average of around 7 percent.