BKGI is one of the participants in the 18th edition of the Agricultural Show, held at Mulindi in Gasabo District. The event, which runs from June 18 to June 27, 2025, brings together individuals from various sectors related to agriculture and livestock farming.
The crop and livestock insurance program aims to protect farmers and livestock keepers from financial setbacks that could disrupt their projects, while also enhancing confidence among financial institutions that provide loans in the agriculture and livestock sectors.
Michael Benjamin Rusizanibakwe, Senior agribusiness Sales Officer at BK Insurance Ltd emphasized the company's goal of supporting the growth of farmers and livestock keepers through insurance services and loans.
Since its inception in 2021, BKGI has compensated farmers and livestock keepers for losses exceeding Frw 3 billion.
'Losses are related to various reasons. In agriculture, they are mostly due to climate change, while in livestock farming, losses are often caused by diseases or unexpected deaths like accidents,' Rusizanibakwe explained.
He urged farmers and livestock keepers to consider insurance services as their businesses are prone to sudden losses. BK Insurance offers a dependable solution to help mitigate these risks.
The insurance also protects the capital invested. For instance, if a farmer incurs a loss, BK Insurance reimburses the capital to allow them to replant.
'For livestock keepers, if they lose an animal due to death, we compensate them based on the value of the animal, enabling them to purchase a new one and continue their business,' he noted.
He further highlighted that BK Insurance not only provides coverage but also continues to assist clients by offering guidance, advice, and training on running profitable businesses.
Additionally, those insured by BK Insurance are granted easier access to loans from the Bank of Kigali.
Rusizanibakwe concluded by expressing gratitude to the government for organizing the exhibition, which benefits various sectors, particularly farmers, livestock keepers, and businesses, by showcasing their products.
In agriculture, BKGI insures crops such as rice, maize, potatoes, pepper, beans, soybeans, and cassava. In livestock, the company insures dairy cows, bulls, pigs, chickens, and fish.
The crop insurance covers the period from planting to harvest, while livestock insurance is valid for one year.
IGIHE
