11 May 2016. A new policy report published by RESULTS UK, highlights the Index-Based Livestock Insurance (IBLI) Program in Kenya, as one of the initiatives that are successfully reaching vulnerable people with climate risk insurance in developing countries.
The report, which was launched 11 May 2016 ahead of the World Humanitarian Summit, highlights ‘unprecedented opportunities for donors to reach an additional 400 million vulnerable people with climate risk insurance by 2020 through the G7 “InsuResilience” Initiative’.
On 23-24 May, world leaders will meet in Istanbul for the World Humanitarian Summit – and climate risk insurance is on the agenda. The international community will commit to invest in smart and efficient risk financing mechanisms that proactively build resilience before disasters strike, rather than reacting afterwards at staggering human and economic cost. £1 invested in insurance can save more than £4 in averted humanitarian assistance.
It brings together a weight of evidence about the protective, promotive and transformative effects of insurance in building climate resilience. The report also includes a series of case-studies demonstrating the real impacts of cutting-edge weather-based insurance programs.
Experiences from IBLI in Kenya, were used by the government in Kenya to launch the ‘Kenyan Livestock Insurance Programme’ which is covering small-scale farmers and herders against weather-related crop failure and loss of livestock.
Read the whole report: Weathering a risky climate: New policy report launched by RESULTS UK.
If you are interested in knowing just how Index Based Livestock Insurance works: Lessons on IBLI and the Asset Protection Contract are now just a click away! You can easily access your IBLI lessons from ILRI’s e-Learning portal http://learning.ilri.org/.