IRA Class 35 · General
Weather & Climate Risk in Kenya
Parametric and index-based weather risk cover under IRA Class 35.
What does Weather & Climate Risk cover?
Pays a pre-agreed amount when a defined weather index (rainfall, temperature, vegetation) crosses a threshold - without on-site loss assessment.
Who needs Weather & Climate Risk?
Farmers, agribusinesses, renewable-energy producers and tourism operators.
Examples of Weather & Climate Risk policies in Kenya
- Rainfall-index crop cover
- Drought index for pastoralists
- Solar irradiance cover
Frequently asked questions
How are parametric claims paid?
Automatically when the chosen index breaches the trigger - no claim form or loss adjustment required.
Regulation
Weather & Climate Risk is licensed under Class 35 of the Insurance Act (Cap 487) and supervised by the Insurance Regulatory Authority (IRA). Only insurers holding a current Class 35 licence may underwrite this cover in Kenya.