Capacity development in the Index-Based Livestock Insurance project
Africa / Capacity Strengthening / CapDev / CCAFS / Drylands / DRYLANDSCRP / East Africa / Ethiopia / IBLI / ILRI / Insurance / Kenya / Livestock / Pastoralism / SLS

Capacity development in the Index-Based Livestock Insurance project

Index-Based Livestock Insurance (IBLI) is the world’s first index-based insurance designed to protect vulnerable pastoralists in drought-stricken areas from losing their primary asset—livestock. First developed by the International Livestock Research Institute (ILRI) to insure pastoralists in Kenya and Ethiopia, this specialized insurance product has had a considerable impact on the asset base and consumption activities of its intended beneficiaries—nomadic populations living in an expansive area. Continue reading

Africa / Climate Change / DRYLANDSCRP / East Africa / Ethiopia / IBLI / ILRI / Insurance / Livestock / SLS

Oromia Insurance offers new coverage for vulnerable livestock in Ethiopia

IBLI is highlighted this week in Ethiopia’s weekly, English Newspaper Addis Fortune. It describes Oromia Insurance Company (OIC)’s efforts to insure livestock in the country through the index-based insurance scheme which compensates pastoralists for forage scarcity in order to keep their animals alive in times of severe drought. Continue reading

Africa / CCAFS / DRYLANDSCRP / East Africa / Ethiopia / IBLI / Impact Assessment / Insurance / Kenya / Livestock / Pastoralism / SLS

The favourable impacts of Index-Based Livestock Insurance: Evaluation results from Ethiopia and Kenya

A new research brief by ILRI demonstrates that index insurance shows considerable promise, especially in settings where conventional insurance to cover potentially catastrophic herd losses does not exist. Continue reading