Risk management with livestock insurance

by Editor fleischwirtschaft.com
Thursday, September 13, 2012

Kenya’s minister of state for development of northern Kenya and other arid lands, Mohamed Elmi, has praised a livestock insurance project implemented in Kenya by the International Livestock Research Institute (ILRI) and other partners for its role in improving the productivity of the country’s drought-prone arid and semi-arid lands.

The index-based livestock insurance project in Marsabit District was an excellent example not just of innovative risk management, but of how, with thought and imagination, basic services such as insurance could be brought within reach of those previously excluded, according to Elmi.

The Kenya Rural Development Programme is a new five-year agricultural support program funded by the European Union at 66 mio. Euros. It is seeking to improve drought response and management and agricultural productivity in the country’s arid lands and to reduce the vulnerability of people living in these areas.

The insurance project, which was piloted in Marsabit District, in northern Kenya, in 2010, is a component of the Kenya Rural Development Programme. The project is a result of collaborative efforts between ILRI, UAP Insurance, Cornell University and the Index Insurance Innovation Initiative, based at the University of California at Davis. A second phase of the project, which started in southern Ethiopia in August 2012, has received 1 mio. Euros from the EU.
stats