IBLI wins ICT Innovation Award

Posted on April 21, 2011 by IBLI Africa Leave a comment

This week, we won a V2030 ICT Innovation Award from the Kenya ICT Board. The announcement said that the “Index-based livestock insurance (IBLI) is a promising and exciting innovation in insurance design that allows the risk-management benefits of insurance to be made available to poor and remote clients. The IBLI product being piloted in Marsabit District aims to provide compensation to insured pastoralists in the event of livestock losses due to severe forage scarcity. Incorporating remotely-sensed vegetation data in its design, delivered via mobile ICT-based transactions platforms, and with experimental extension methods used to educate the remote pastoral herders, the IBLI product boasts many firsts in product development.”