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IBLI insurance breathes new life into pastoralism in Ethiopia

Through collaboration among the International Livestock Research Institute (ILRI), Cornell University, donor agencies such as the United States Agency for International Development (USAID), insurance companies, local radio stations, and pastoralists themselves, a new insurance system is being tested in Ethiopia Continue reading

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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 … Continue reading

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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

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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

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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

CCAFS / Climate Change / DRYLANDSCRP / East Africa / Insurance / Kenya / Livestock / News / Vulnerability

Index-based insurance arms East African pastoralists against uncertainty

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