This case study explains how IBLI used satellite data to insure camels, cows, sheep and goats to develop the world’s
first insurance for African pastoralists. Continue reading
Oromia Insurance Company has introduced a new service using satellite data to insure pastoralists in Southern Ethiopia by using Index Based Livestock Insurance (IBLI). Continue reading
Private insurance against drought, common elsewhere in the world, has been successfully piloted in northern Kenya since 2010, as well as in parts of southern Ethiopia. Continue reading
By Fabian Mangera WAJIR (Xinhua) Some 101 Muslim pastoralists on Tuesday received 5,800 U.S. dollar compensation for drought- induced losses suffered in Wajir County of northern Kenya. The pastoralists’ herds of sheep, goat, cattle and camels were insured in August 2013 by Takaful Insurance of Africa (TIA) with an Index-Based Livestock Insurance (IBLI) product, branded … Continue reading
Claims Settlement Award General Insurance Award Entry Continue reading
A new kind of insurance may protect herders against drought Apr 19th 2014 | WAJIR | From the print edition The Economist AS WELL as a cheque for $700, a knowing look passed between Hassan Bashir and Bashir Mohamed, his 80-year-old father. A payment at a ceremony for herders in Wajir, a town near Kenya’s … Continue reading
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 … Continue reading
By Samuel Mintz, 4 April 2014 AlterNet London — 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 … Continue reading
International Livestock Research Institute (ILRI) researchers have expressed their reservation about plans to make livestock insurance commercially viable in East Africa region. They said the concept posed a challenge because many herders occupy vast remote areas where communication and transport non existence. The experts however believe that the potential to protect pastoralists from drought and … Continue reading
25 March 2014 For the first time in Africa, an insurance policy that combines an Islamic-compliant financial instrument with innovative use of satellite imagery is compensating Muslim pastoralists for drought-induced losses suffered in Kenya’s northeastern Wajir County, where livestock are valued at Ksh 46 billion (USD 550 million). The 30 women and 71 men in … Continue reading
Index-Based Livestock Insurance 