Kenya: dead and dying animals in previous drought in Arbajahan, in northern Kenya’s Wajir County (photo credit: Brendan Cox / Oxfam).
Today (Sat 10 Aug 2013), Takaful Insurance of Africa is launching 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. ILRI, under the leadership of Andrew Mude, is providing the satellite data and MercyCorps is coordinating public awareness campaigns.
Among those who will be in attendance are:
- Jimmy Smith, director general of ILRI
- Andrew Mude, leader of ILRI’s Index-Based Livestock Insurance Project
- Abdihafith Maalim, deputy governor of Wajir County
- Liesbeth Zonnoveld, country director of Mercy Corps
- Hassan Bashir, chief executive officer of Takaful Insurance of Africa
The launch of this new livestock insurance scheme, the first ever provided in this county, begins at 12 noon at the Wajir Guest House in Wajir town.
About Takaful Insurance of Africa
Founded in 2008 and licensed in Mar 2011 by the Insurance Regulatory Authority (IRA), Takaful Insurance of Africa Limited (TIA) is pioneering an ethical approach to insurance in Kenya and the region based on the Shariah principles of togetherness, cooperation and mutual solidarity. Each participant contributes a given premium, which is pooled in a general fund managed by TIA on behalf of the members. Through the principle of Tabarru’, or donation, members allow the company to pay any loses suffered by participants contributing to the pool, while any surplus left from the pooled funds after payment of claims and other expenses is either used to grow the reserves or is distributed among members.
The International Livestock Research Institute (ILRI) ILRI is a not-for-profit institution with a staff of about 600 and, in 2012, an operating budget of about USD 60 million. A member of the CGIAR Consortium working for a food-secure future, ILRI has its headquarters in Nairobi, Kenya, a principal campus in Addis Ababa, Ethiopia, and offices in other countries in East, West and Southern Africa and in South, Southeast and East Asia. ILRI works with partners worldwide to enhance the roles that livestock play in food security and poverty alleviation, principally in Africa and Asia. The outcomes of these research partnerships help people in developing countries keep their farm animals alive and productive, increase and sustain their livestock and farm productivity, find profitable markets for their animal products, and reduce the risk of livestock-related diseases.
Read more about ILRI’s Index-Based Livestock Insurance Project
ILRI Clippings Blog
Livestock keepers in Kenya’s northern Isiolo District to get livestock-drought insurance for first time, 30 Jul 2013
ILRI News Blog
‘Livestock insurance project an excellent example of innovative risk management in Kenya’s arid lands’ Kenyan minister, 10 Sep 2012
Options to enhance resilience in pastoral systems: The case for novel livestock insurance, 22 Feb 2012
Short films document first index-based livestock insurance for African herders, 26 Oct 2011
Livestock director and partners launch first-ever index-based livestock insurance payments in Africa, 25 Oct 2011
Herders in drought-stricken northern Kenya get first livestock insurance payments, 21 Oct 2011