Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya
Climate related shocks are among the leading cause of production and efficiency losses in smallholder crop and livestock production in rural Africa. Consequently, the identification of tools to help manage the risks associated with climactic extremities is increasingly considered to be among th...
| Main Authors: | , , , , , |
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| Format: | Conference Paper |
| Language: | Inglés |
| Published: |
Alliance for a Green Revolution in Africa and International Livestock Research Institute
2011
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/16493 |
| _version_ | 1855514960135716864 |
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| author | Mude, Andrew G. Chantarat, S. Barrett, Christopher B. Carter, M. Ikegami, Munenobu McPeak, J.G. |
| author_browse | Barrett, Christopher B. Carter, M. Chantarat, S. Ikegami, Munenobu McPeak, J.G. Mude, Andrew G. |
| author_facet | Mude, Andrew G. Chantarat, S. Barrett, Christopher B. Carter, M. Ikegami, Munenobu McPeak, J.G. |
| author_sort | Mude, Andrew G. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Climate related shocks are among the leading cause of
production and efficiency losses in smallholder crop and
livestock production in rural Africa. Consequently, the
identification of tools to help manage the risks associated
with climactic extremities is increasingly considered to be
among the key pillars of any agenda to enhance agricultural
growth and welfare in rural Africa. This paper describes the
application of a promising innovation in insurance design –
index-based insurance – that seeks to bring the benefits of
formal insurance to help manage the weather-related risks
faced by rural crop and livestock producers in low-income
countries. In particular, we highlight the research and
development agenda of a comprehensive effort to design
commercially viable index based livestock insurance aimed at
protecting the pastoral populations of northern Kenya from the
considerable drought-related livestock mortality risk that they
face. Detailing the conditions that make the pastoral economy
in northern Kenya an ideal candidate for the provision of indexbased
insurance products, the paper describes the contract
design, defines its structure, offers analysis that indicates a
high likelihood of commercial sustainability among the target
market and describes the process of implementation leading up
to the launch of a pilot in Marsabit District of northern Kenya in
early 2010. |
| format | Conference Paper |
| id | CGSpace16493 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2011 |
| publishDateRange | 2011 |
| publishDateSort | 2011 |
| publisher | Alliance for a Green Revolution in Africa and International Livestock Research Institute |
| publisherStr | Alliance for a Green Revolution in Africa and International Livestock Research Institute |
| record_format | dspace |
| spelling | CGSpace164932025-11-04T16:58:07Z Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya Mude, Andrew G. Chantarat, S. Barrett, Christopher B. Carter, M. Ikegami, Munenobu McPeak, J.G. livestock Climate related shocks are among the leading cause of production and efficiency losses in smallholder crop and livestock production in rural Africa. Consequently, the identification of tools to help manage the risks associated with climactic extremities is increasingly considered to be among the key pillars of any agenda to enhance agricultural growth and welfare in rural Africa. This paper describes the application of a promising innovation in insurance design – index-based insurance – that seeks to bring the benefits of formal insurance to help manage the weather-related risks faced by rural crop and livestock producers in low-income countries. In particular, we highlight the research and development agenda of a comprehensive effort to design commercially viable index based livestock insurance aimed at protecting the pastoral populations of northern Kenya from the considerable drought-related livestock mortality risk that they face. Detailing the conditions that make the pastoral economy in northern Kenya an ideal candidate for the provision of indexbased insurance products, the paper describes the contract design, defines its structure, offers analysis that indicates a high likelihood of commercial sustainability among the target market and describes the process of implementation leading up to the launch of a pilot in Marsabit District of northern Kenya in early 2010. 2011-12-31 2012-02-14T11:09:47Z 2012-02-14T11:09:47Z Conference Paper https://hdl.handle.net/10568/16493 en Open Access application/pdf Alliance for a Green Revolution in Africa and International Livestock Research Institute Mude, A., Chantarat, S., Barrett, C.B., Carter, M., Ikegami, M. and McPeak, J. 2011. Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya.IN: International Livestock Research Institute. 2011. Towards priority actions for market development for African farmers. Proceedings of an international conference, Nairobi, Kenya, 13-15 May 2009. Nairobi: AGRA and ILRI: 175-188. |
| spellingShingle | livestock Mude, Andrew G. Chantarat, S. Barrett, Christopher B. Carter, M. Ikegami, Munenobu McPeak, J.G. Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya |
| title | Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya |
| title_full | Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya |
| title_fullStr | Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya |
| title_full_unstemmed | Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya |
| title_short | Insuring against drought-related livestock mortality: Piloting index-based livestock insurance in northern Kenya |
| title_sort | insuring against drought related livestock mortality piloting index based livestock insurance in northern kenya |
| topic | livestock |
| url | https://hdl.handle.net/10568/16493 |
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