Despite Kenya's leadership in financial technology, financial inclusion remains a "false promise" without adequate insurance coverage. Recent examples highlight how individuals with mobile money accounts and credit access can lose everything to unforeseen events like fires or theft, with no safety net to recover.

• Kenya's insurance penetration is approximately 2.3% of GDP, one of the lowest on the continent.
• The article points to challenges in trust and perception, product design for irregular earners, and distribution to remote markets.
• Promising developments include embedded insurance and parametric insurance, which could significantly improve access and uptake.