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About IBLI / CRP11 / Insurance / Livestock

Livestock insurance, a cash cow?

New developments in technology bring areas of insurance that were previously not cost-effective into financial viability. 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 … Continue reading

CRP11 / Drylands / East Africa / Ethiopia / ILRI / Insurance / Kenya / Livestock / LSE

Does index insurance make people feel better off?

Uninsured risk exposure and the experience of uninsured shocks in low-income rural communities cause serious welfare losses and distort behaviors, potentially even resulting in poverty traps. However, conventional insurance products are routinely unavailable due to moral hazard and adverse selection problems, as well as high transaction costs in infrastructure-poor areas. Continue reading

Africa / CRP7 / Drylands / East Africa / Ethiopia / ILRI / Insurance / Kenya / Livestock / LSE

New study proves index based insurance can work for rural poor on large scale

The new study, carried out by the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS) and the International Center for Climate and Society (IRI) at Columbia University showcases projects that have overcome many of the challenges that have previously hindered the uptake of index-based insurance. Continue reading

About IBLI / CRP7 / East Africa / Ethiopia / IBLI / ILRI / Insurance / Livestock / LSE / Pastoralism

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