Africa Tuesday 1 April 2014 – 5:49am NAIROBI – The son of a camel herder, Hassan Bashir knows how tough traditional life in Kenya’s arid north is, where pastoralists rely on livestock herds surviving boom and bust cycles of drought. But Bashir is also an astute entrepreneur, developing Africa’s first livestock insurance scheme to make … Continue reading
Category Archives: IBLI
Pastoralists in drought-stricken areas receive payouts for loss
Some 101 Muslim pastoralists on Tuesday received 5,800 U.S. dollar compensation for drought- induced losses suffered in Wajir County of northern Kenya. Continue reading
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
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
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
Mifugo Maisha Payouts in Marsabit and Isiolo
In March 2014, policyholders in 4 out of 6 divisions of Isiolo received payouts of approximately Kenya shillings 404,240. The bulk of the payout went to 10% trigger contract policyholders in Oldonyiro division. In Marsabit, policyholders received payouts amounting to Kenya shillings 65,940 in North Horr and Loiyangalani. The majority of payouts went to those … Continue reading
Insurance Payout in Wajir County with Takaful Insurance of Africa
On 25 March 2014, one hundred and one pastoralists in Wajir town received compensation from their ‘sharia–compliant’ IBLI policy. The ceremony, which was hosted by Takaful Insurance of Africa and MercyCorps, received considerable media attention across a range of outlets, both national and international including the (BBC, Al-Jazeera, and The Economist to name a few). … Continue reading
Scaling up IBLI in Isiolo (Kenya)
27th July 2013 saw the successful launch of IBLI in Isiolo. APA Insurance, World Vision Kenya and the International Livestock Research Institute (ILRI) have come together in a dedicated effort aimed at mitigating the effects of drought experienced by pastoralist communities in Isiolo as the two introduce an index-based insurance product using satellite-based data on … Continue reading
IBLI explores opportunities in Ethiopia
A one day workshop was held at the ILRI Addis Ababa campus on 12th July 2010 aiming to introduce potential partners and key stakeholders to the concept of index-based livestock insurance (IBLI), outlining the key relevant issues from the Marsabit pilot, and discuss our interest in developing a similar kind of product for Southern Ethiopia. … Continue reading
Satellites to help Kenyans insure against drought
Satellites measuring the greenness of Kenya from space are set to help insure livestock herders against droughts and mitigate the effects of climate change, experts said Friday. “This is a new approach to tackle an old problem,” Carlos Sere, director general of the International Livestock Research Institute (ILRI), said of the satellite-based insurance for cattle, … Continue reading