A new research brief by ILRI demonstrates that index insurance shows considerable promise, especially in settings where conventional insurance to cover potentially catastrophic herd losses does not exist.
The Index-Based Livestock Insurance (IBLI) program represents a fruitful cross-sector partnership, bringing together academic researchers, policymakers, private sector partners, NGOs and other stakeholders to develop an innovation to improve livelihoods on the pastoralist rangelands of East Africa. How will this innovative partnership continue to evolve as IBLI looks to scale, and what possibilities are there …
A new research brief by ILRI shares lessons in extension and outreach from the Index-Based Livestock Insurance (IBLI) project in Wajir, Kenya.
An Australian Aid-funded project seeks to generate a number of policy-relevant results on the feedbacks between migrant pastoralism and the environment, including addressing the impacts of new index insurance products.
In an article published on 2 March 2015 in Reactions magazine online, Victoria Beckett reports that ‘[r]ecent technology has allowed satellite imagery to assess weather damage’ and [o]ver the last few years “index-based livestock insurance (IBLI)” has provided insured pastoralists across Africa with a pay-out in times of drought, based on predicted rather than actual livestock deaths.’
Recently, there has been much excitement around the use of index-based insurance as an alternative to conventional insurance products that may extend the rural poor’s access to formal insurance coverage in developing countries.
Migrant pastoralists on the arid and semi-arid lands (ASAL) of East Africa are among the poorest and most vulnerable people on earth. Most of their economic activity is based around livestock herding and management.