Livestock production in arid and semi-arid rangelands is a risky enterprise. Covariate risk of catastrophic livestock loss due to drought is the most critical uninsured risk facing livestock producers. These losses can lead to persistent poverty. We are trying to design an index based livestock i...
McPeak, J.G.
,
Chantarat, S.
,
Mude, Andrew G.
,
[Explaining index based livestock insurance to pastoralists]
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Explaining index based livestock insurance to pastoralists
Mude, Andrew G.
,
Chantarat, S.
,
Barrett, Christopher B.
,
Carter, M.R.
,
Ikegami, Munenobu
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McPeak, J.G.
,
[Insuring against drought-related livestock mortality: Piloting index based livestock insurance in northern Kenya]
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Insuring against drought-related livestock mortality: Piloting index based livestock insurance in northern Kenya
This paper describes a novel effort at developing index-based insurance for locationaveraged livestock mortality as a means to fill an important void in the risk management instruments available to protect the main asset of pastoralists in the arid and semi-arid lands of Kenya, where insurance ma...
Chantarat, S.
,
Mude, Andrew G.
,
Barrett, Christopher B.
,
Carter, M.R.
,
[Designing index based livestock insurance for managing asset risk in northern Kenya]
,
Designing index based livestock insurance for managing asset risk in northern Kenya
This article describes a novel index-based livestock insurance (IBLI) product piloted among pastoralists in Northern Kenya, where insurance markets are effectively absent and uninsured risk exposure is a main cause of poverty. We describe the methodology used to design the contract and its underl...
Chantarat, S.
,
Mude, Andrew G.
,
Barrett, Christopher B.
,
Carter, M.R.
,
[Designing index based livestock insurance for managing asset risk in northern Kenya]
,
Designing index based livestock insurance for managing asset risk in northern Kenya