Pula: Pioneering insurtech helps to improve Africa's food security

Kenya

7 min read

Apr 16, 2021

By Gareth Gardiner Jones

Image: Shutterstock

With Kenyan insurtech Pula’s micro-insurance products, millions of farmers no longer have to bear the full risk of losses from natural disasters and crop failures

Across the world, the food security of more than 2bn people depends on the unpredictable yields of half a billion small-scale farmers. In Africa, over 50m smallholders provide up to 80% of the continent's food supply. But smallholding farmers often face bankruptcy due to natural disasters. Although micro-credit has taken off, low-cost, tailor-made agricultural insurance is uncommon within the SME agricultural sector.
In 2015, Dutch-born economist Rose Goslinga and Kenyan actuarial consultant Thomas Njeru decided to tackle this “idiosyncrasy” in the market and set up Pula Advisors to pi...

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Edited by Suzanne Soh, S. Mani

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