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Pastoralists get insurance payout for livestock deaths

By James Kariuki March 27  2014 Business Daily Africa One hundred families in Wajir have been compensated for livestock deaths linked to drought by a sharia-compliant insurance company. The Sh500,000 payout is aimed lifting pastoralists out of subsistence cattle-keeping to a business where they shall stop selling cattle at throwaway prices to brokers during drought in … Continue reading

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Africa’s first ‘Islamic-compliant’ livestock insurance pays 100 Kenyan herders for drought-related livestock losses

Susan Macmillan in ILRI News: March 30, 2014. Carbon based Climate Change Adaptation Today, 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 Ksh46 billion … Continue reading

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ILO’s Microinsurance Innovation Facility case brief on IBLI

In the last few years droughts have been increasingly severe in Kenya. During 2011 alone, livestock pastoralists lost on average a third of their animals due to severe drought. The International Livestock Research Institute (ILRI) has piloted a new way to protect them – livestock insurance using satellite technology… go to full document Continue reading

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Kenya’s drought insurance scheme shelters herders from financial storm

New index-based livestock insurance protects vegetation rather than animals. But can it generate trust within the community? Daniel Howden in Wajir theguardian.com, Friday 4 April 2014 11.20 BST   It was almost inevitable that the day chosen to make the first drought insurance payments in Wajir, in the arid north-east of Kenya, would be the … Continue reading

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New insurance scheme protects Kenyan farmers

A new insurance programme in northern Kenya is helping farmers protect their livelihoods in dry seasons. Farmers who contribute to the scheme will be given payments should their livestock die. The initiative has already been linked to 33 per cent drop in food aid needed in the area. Al Jazeera’s Caroline Malone reports. Watch the … Continue reading

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Insurer to compensate livestock farmers

Takaful Insurance will pay livestock farmers about Sh500,000 for losses incurred during the December to March dry season. The farmers, 30 women and 71 men from Wajir County, are the first to be compensated after they took up the Shariah compliant Index-Based Livestock Takaful (IBLT) cover in August 2013. Continue reading… By John Gachiri, Business daily … Continue reading

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Africa’s first ‘Islamic-compliant’ livestock insurance pays herders in Kenya for drought-related livestock losses

Originally posted on ILRI news:
A boy and a woman struggle with the dusty wind looking for water in Wajir, Kenya (photo on Flickr by Jervis Sundays, Kenya Red Cross Society). Today, for the first time in Africa, an insurance policy that combines an Islamic-compliant financial instrument with innovative use of satellite imagery is compensating…

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Index-based insurance: a pathway out of poverty?

A recent workshop sought solutions to index insurance challenges. If the rains fail, a farmer can lose everything. With even the chance of a bad year, investing in new crop varieties and technologies might be too risky. Year after year, she’s caught in the trap of low production. Weather index-based insurance emerged at the beginning … Continue reading

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Insuring the Uninsured… OIC’s new Index Based Livestock Insurance for Borena pastoralists

Oromia Insurance Company (OIC) has recently launched a new product dubbed Index Based Livestock Insurance (IBLI) for pastoralists in Borena Zone, Oromia National Regional State. For farmers and pastoralists in Ethiopia’s drought vulnerable zone, the launching of IBLI is very good news. Borena has been affected by drought recurrently over the past couple of years. … Continue reading

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IBLI index color coded map based for October 2012

The pdf below provides a color coded map of the predicted mortality index in all 5 Marsabit divisions for October 2012, and also posts the index status at the previous 6 potential payment periods. 5IndexAreaMarsabit.pdf Continue reading