Index-based livestock insurance pilot

by Editor fleischwirtschaft.com
Tuesday, August 13, 2013

On August 10th, 2013, Takaful Insurance of Africa launched a pilot project providing satellite date-based livestock insurance cover for pastoral livestock herders in the drought-prone drylands of northern Kenya’s Wajir County.

The Takaful Livestock cover will provide livestock keepers in the county with covers against livestock deaths resulting from shortage of fodder due to prolonged dry weather.

Those who subscribe to this insurance policy will receive payments if the forage available for their insured cattle, camels, sheep or goats falls below a given threshold, with assessment of the state of vegetative cover in the county determined by satellite data.

Takaful Insurance is partnering in this project with the International Livestock Research Institute (ILRI) and MercyCorps.
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