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 →