PIL

The drivers of index-based livestock insurance demand in southern Ethiopia

Read the latest post in the Economics That Really Matters blog that details the findings of a paper written by Index-Based Livestock Insurance (IBLI) Project researchers. Recently published in World Development, the paper examines and identifies the constraints that hinder the demand of index insurance in southern Ethiopia—uptake of index insurance has been disappointingly low, rarely above 30% of the intended population, across the several contexts in which it has been introduced, despite claims that index insurance has several advantages over traditional agricultural insurance in reducing moral hazard, adverse selection, and transaction costs associated with verification of individual losses.

Read the full article here

IBLI case study wins ‘Outstanding New Case Writer’ award

 

Beneficiary of Takaful insurance payout in Wajir, northern Kenya

The Index-Based Livestock Insurance (IBLI) and Capacity Development Teams of the International Livestock Research Institute (ILRI) are pleased to announce that a case study based on the IBLI project, entitled ‘Using satellite data to insure livestock: IBLI and the development of the world’s first insurance for African pastoralists‘, has won the ‘Outstanding New Case Writer’ award given by The Case Study Centre, besting a competitive pool of entries from some of the world’s most prestigious business schools across 15 countries.

The winning authors are Iddo Dror, an Israeli-Swiss CGIAR leader in capacity development and business school graduate of the University of Geneva; Andrew Mude, a Kenyan agricultural economist graduate of Cornell University who is IBLI’s project leader; and Shreya Maheshwari, a consulting Harvard economics graduate from India.

The idea was initially conceived as part of an effort to spur students in some of the world’s leading business schools to think critically and creatively about extending financial services across one of the last frontiers of the developing world. The case study and its accompanying teaching website is the latest demonstration of an on-going shift within CGIAR to transform traditional agricultural research for development into an enterprise as practical- and business-minded as it is technology- and policy-driven.

Read more about the IBLI case study here.

Pastoralists in Kenya’s drought-stricken areas receive payouts for loss

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 as Index-Based Livestock Takaful (IBLT)….

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