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
Category Archives: Africa
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…
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 project seeks proposals to build a web-based ICT system
The IBLI project announces a call for proposals to help build a web-based interface with simulation capacity that will enable the automation of index-generating procedures; the automation of information dissemination across a range of output and format types; a facility for querying the system on historical index trends and other project-relevant data across program locations; … Continue reading
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
Livestock insurance – protecting Kenya’s pastoralists from drought
CNN’s Nima Elbagir today reports on the IBLI micro-insurance scheme in northern Kenya that is offering hope to farmers in the region. Speaking on CNN’s Marketplace Africa, Elbagir reports how, now the rains have come, farmers know they must prepare for the next drought that will inevitably come. Fifty-nine-year-old Wacho Yayo lost 10 of his … Continue reading
Designing Index-Based Livestock Insurance to manage asset risk in northern Kenya
A new article in the Journal of Risk and Insurance by Sommarat Chantarat, Andrew Mude, Christopher Barrett and Michael Carter describes our index-based livestock insurance (IBLI) product piloted among pastoralists in Northern Kenya, where insurance markets are effectively absent and uninsured risk exposure is a main cause of poverty. It describes the methodology used to … Continue reading
Insuring livestock in Kenya, via satellite
Camels mean cash in Kenya. But severe drought routinely kills off livestock, and families go bankrupt, unless they have an innovative insurance plan. Brenda Wandera’s iPhone buzzes in her lap. A text message has made its way through the blurry heat of Kenya’s Chalbi Desert, and it changes her next move. “As soon as we get … Continue reading