APA Microinsurance, in partnership with VisionFund Kenya—the financial empowerment arm of World Vision International—and global climate Insurtech firm IBISA, has launched two new inclusive insurance products aimed at strengthening the resilience of Kenyan households and small businesses against illness and climate shocks.
The two products, AfyaCash and ClimaCash+, target Micro, Small, and Medium Enterprises (MSMEs), as well as urban and rural communities, offering accessible and affordable financial protection designed to help them recover quickly from hospitalization or adverse weather events.
AfyaCash, which began operations in 2024, provides daily cash payouts to policyholders during hospitalization, cushioning families from income disruptions.
The product is integrated into all loans issued by VisionFund Kenya, ensuring every borrower is covered. So far, the solution has reached over 25,000 beneficiaries across the country.
Building on that success, APA Microinsurance has expanded its collaboration to include IBISA with the introduction of ClimaCash+, a parametric insurance product that provides rapid payouts triggered automatically by weather data.
The product shields farmers, households, and small enterprises from weather-related risks such as drought, heavy rainfall, heatwaves, and floods.
The pilot phase, launched in March 2025, currently covers more than 1,500 policyholders in five regions—Eldoret, Nyeri, Nyahururu, Narok, and Nyandarua—and is triggered by rainfall data.
Future phases will incorporate additional triggers, including drought and excessive heat, as the partners move to scale the product nationwide.
Speaking during the launch, APA Microinsurance Chairman Joseph Ogutu said the initiative reflects a shared mission to provide practical, scalable solutions that address everyday risks.
“AfyaCash has already shown the transformative power of inclusive insurance in changing lives. With ClimaCash+, we are taking a bolder step to help vulnerable and underinsured communities withstand the growing impacts of climate change,” he said, adding that the partners aim to reach 10 million lives by 2030.Ashok Shah, Group CEO of Apollo Investments Limited, said the products demonstrate APA’s leadership in delivering solutions that are both relevant and life-changing.
“AfyaCash protects families when hospitalization disrupts income, while ClimaCash+ safeguards livelihoods when extreme weather threatens survival. Together, they show that APA is not just selling insurance—it’s providing meaningful protection that matters in everyday life,” he noted.VisionFund Kenya CEO Reuben Mwaura said the products empower families with both financial stability and peace of mind.
“Through AfyaCash and ClimaCash+, our clients not only gain access to financial resources but also assurance that they are protected against health and environmental shocks. This is more than insurance—it is an investment in a sustainable future,” he said.
IBISA Co-Founder and CEO María Mateo emphasized the role of technology and data in expanding access to climate resilience.
“Our vision is to make climate insurance mainstream by bridging the protection gap in underserved markets. Through our parametric systems, ClimaCash+ ensures payouts are fast, transparent, and fair,” she said.
The launch underscores APA’s broader commitment to inclusive insurance innovation, aligning with Kenya’s and Africa’s sustainability and resilience goals.
The partners say the initiative marks a major step toward making financial protection a universal right, empowering communities to thrive even amid uncertainty.
