The St. Kitts and Nevis government has welcomed the inclusion of the Federation in the Regional Economic Agri-Insurance Program (REAP), developed by Lynch Caribbean Brokers Ltd. The announcement was made during the 19th Caribbean Week of Agriculture (CWA 2025) in St. Kitts, with Agriculture Minister Samal Duggins calling it a vital step for national resilience and regional innovation.
REAP, which launches soon, will offer a multi-peril insurance model for farmers and fishers, protecting them from risks like climate change, market volatility, and natural disasters. Unlike traditional insurance, REAP uses index-based data and satellite monitoring to trigger payouts once pre-defined thresholds are reached.
The government will cover premiums for registered farmers and fishers, ensuring quick payments once thresholds are met. St. Kitts and Nevis is one of nine CARICOM countries participating in the program, which also focuses on livelihood protection, public education, and data-driven decision-making.
REAP, which launches soon, will offer a multi-peril insurance model for farmers and fishers, protecting them from risks like climate change, market volatility, and natural disasters. Unlike traditional insurance, REAP uses index-based data and satellite monitoring to trigger payouts once pre-defined thresholds are reached.
The government will cover premiums for registered farmers and fishers, ensuring quick payments once thresholds are met. St. Kitts and Nevis is one of nine CARICOM countries participating in the program, which also focuses on livelihood protection, public education, and data-driven decision-making.
