Parametric Insurance for Education in Kenya: Process Evaluation of the Climate Resilient Education Systems Trial (CREST)
One of the first attempts to insure children's learning against drought. This evaluation of IRC's CREST pilot in northern Kenya looks at what happens when parametric insurance meets education, and offers practical lessons for others looking to follow.
Key Figures
87%
of parents surveyed in Garissa and Tana River said drought had disrupted their children's education in the past five years
2029
the year by which Kenya's government plans to scale a CREST-like model across its arid and semi-arid counties
Key Terms Used In This Report
Insurance that pays when an agreed indicator reaches a set level, not actual losses.
The gap between measured indicators and real losses causing payouts to differ from actual damage.
A predefined threshold that activates payments or actions within risk financing mechanisms.
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