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
As the world of finance continues to evolve the need for insurance also is growing both in Ethiopia and around the world. However rural communities and especially pastoralist communities tended until recently to have been denied access to insurance among other reasons being their remoteness and lack of specialized insurance scheme for their community. But that’s about to change as Oromia Insurance Company Share Company (OIC) one of the newest entrants to the industry has embarked on covering this often neglected community starting with the Borena pastoralist community 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
About 80% of Kenya’s land is arid or semi-arid lands (ASAL) with the main livelihoods being pastoral, agro-pastoral and subsistence agriculture. Farmers and herders in these areas, among the poorest in the country, suffer from a weak natural resource base in addition to weak institutions and infrastructure. In such cases droughts act as a covariate shock … 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
IBLI Borena Household Survey Data is publicly available. For more details, visit ILRI Datasets Portal: link to round 1 data link to round 2 data Continue reading
Claims Settlement Award General Insurance Award Entry Continue reading
The Index Based Livestock Insurance (IBLI) team had a very exciting week from the 1 to 5 July 2014 with two talks by Prof. Chris Barret and presentations by Russell Toth and Anton Vrieling. Russel Toth, an Assistant Professor in the School of Economics at the University of Sydney, Australia, gave a presentation on ‘Productive … 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
Index-Based Livestock Insurance 