This marks a significant increase in the number of households covered under the
The Memorandum of Understanding (MoU) signed between
The initiative follows a successful exercise in Madogo Ward, where 300 households received Sh14.1 million in compensation for flood-related losses in Upper Tana.
The claim was paid under the IBFI policy, designed to cushion small-scale farmers residing in flood-prone areas from the catastrophic effects of floods.
The Governor of Tana River County, Dhadho Gaddae Godhana, expressed optimism about the collaboration, saying that the results were evident following last December's payout to individuals and families that lost their livelihoods to floods.
"This MoU marks a crucial step towards building resilience and ensuring that our people have access to much-needed protection against the unpredictable nature of floods," said Major Godhana.
He observed that the collaboration underscores
"By expanding the reach of our flood insurance product, we aim to be a catalyst in the economic transformation of the
"We will be aiming to scale up the program to cover the entire population that is vulnerable to flood risk now that we have the support of the county government," she said.
IBFI was launched in
IBFI was developed using data modeling and satellite imagery to predetermine flood thresholds and provide coverage at an affordable cost.
It was noted that floods will become a frequent problem in
The partnership underscores the role of public-private collaboration in addressing climate-related challenges and fostering community resilience.
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