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Largest-ever micro-insurance payout made to Ethiopian pastoralists

ILRI news

Pastoralist receive an indemnity payment after livestock losses More than 2,250 pastoralists received insurance payouts following the extremely poor rains this year in southern Ethiopia.

More than 2,250 pastoralists received insurance payouts following the extremely poor rains this year in southern Ethiopia. Low levels of rainfall have led to the loss of approximately 300,000 livestock in 2017 in the Borana zone of the southern Oromia region. The insurance payouts of more than ETB 5.233 million (USD 220,000) was the largest-ever micro-insurance indemnity made in Ethiopia. Each insured pastoralist received an average of ETB 2,255 (USD 96), which will allow the herders to purchase feeds for their surviving animals and to restock their herds.

Pastoralists in northern Kenya and southern Ethiopia have been insured by an index-based livestock insurance (IBLI) scheme devised in 2008 by the International Livestock Research Institute (ILRI) and its technical partners at Cornell University and the University of California at Davis. The Ethiopian component of…

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