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About IBLI / CRP11 / Insurance / Livestock

Livestock insurance, a cash cow?

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.’ 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