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
Category Archives: PIL
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
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
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
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
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…
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
IBLI seeks proposals for Graphic Design/Creative Materials
The IBLI project announces a call for proposals for Graphic design and development of creative materials that will be used for disseminating information on IBLI. The graphic designer will be expected to develop materials such as videos, pictorials, cartoons, songs, skits, etc. to help explain the IBLI product to partners and the target consumer – … Continue reading
IBLI in the News
IBLI was highlighted in the July/August issue of Frontlines, for the second time, as one of the 20 projects USAID counts among its most successful. The FrontLines is by USAID and features articles about USAID; international development and humanitarian assistance efforts around the world; and the people who are dedicated to these efforts. It is … Continue reading