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.
Through the IBLI Case Study, we hope to make your students to think critically and creatively about extending financial services to the last frontier of the developing world.
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.
A 3-day training workshop organized by IBLI, Cornell university, USAID, Australian Aid and other partners took place on ILRI Addis campus from 15–17 July 2015.
Data from household surveys conducted by the Index Based Livestock Insurance (IBLI) project in the Borena Zone of Ethiopia is now available online.
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.
An Australian Aid-funded project seeks to generate a number of policy-relevant results on the feedbacks between migrant pastoralism and the environment, including addressing the impacts of new index insurance products.