Africa’s first ‘Islamic-compliant’ livestock insurance pays 100 Kenyan herders for drought-related livestock losses

Posted on April 29, 2014 by IBLI Africa • Leave a comment

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 →

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ILO’s Microinsurance Innovation Facility case brief on IBLI

Posted on April 29, 2014 by IBLI Africa • Leave a comment

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 →

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Kenya’s drought insurance scheme shelters herders from financial storm

Posted on April 28, 2014 by IBLI Africa • Leave a comment

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 →

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New insurance scheme protects Kenyan farmers

Posted on April 4, 2014 by IBLI Africa • Leave a comment

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 →

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Insurer to compensate livestock farmers

Posted on April 4, 2014 by IBLI Africa • Leave a comment

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 →

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Insuring the Uninsured… OIC’s new Index Based Livestock Insurance for Borena pastoralists

Posted on January 8, 2013 by IBLI Africa • Leave a comment

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 →

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IBLI index color coded map based for October 2012

Posted on November 23, 2012 by IBLI Africa • Leave a comment

The pdf below provides a color coded map of the predicted mortality index in all 5 Marsabit divisions for October 2012, and also posts the index status at the previous 6 potential payment periods. 5IndexAreaMarsabit.pdf Continue reading →

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Index-based insurance arms East African pastoralists against uncertainty

Posted on October 1, 2012 by IBLI Africa • Leave a comment

On 19 September, IBLI collaborator Michael Carter from the University of California-Davis gave an in-depth presentation at the latest live streamed science seminar held by the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). He discussed how index-based insurance is moving forward as a viable policy alternative to insure farmers against risks, … Continue reading →

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Livestock insurance – protecting Kenya’s pastoralists from drought

Posted on June 11, 2012 by IBLI Africa • Leave a comment

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 →

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Designing Index-Based Livestock Insurance to manage asset risk in northern Kenya

Posted on May 28, 2012 by IBLI Africa • Leave a comment

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 →