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Insurance designed for Muslim herders makes first payout in Kenya

Source: Thomson Reuters Foundation – Fri, 4 Apr 2014 10:30 AM

Author: Samuel Mintz

LONDON (Thomson Reuters Foundation) – Researchers in Kenya have developed a pioneering insurance policy for nomadic Muslim livestock herders, which has now delivered its first payout to 101 farmers to compensate them for drought losses.

The policy, which was purchased by about 4,000 pastoralists in Northern Kenya, was developed by the International Livestock Research Institute and commercially delivered by a company called Takaful Insurance of Africa. It draws on technology and ethical values to create a product aimed at increasing the resilience to drought of pastoralists in the region….read more…604

 

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