Sommarat Chantarat|Andrew G. Mude|Chris Barrett|Michael R. Carter
Designing Index?Based Livestock Insurance for Managing Asset Risk in Northern Kenya
United States Agency for International Development|International Livestock Research Institute|International Livestock Research Institute|United States Agency for International Development|International Livestock Research Institute|United States Agency for International Development|International Livestock Research Institute|United States Agency for International Development
abstract article describes novel indexbased livestock insurance ibli product piloted among pastoralists northern kenya insurance markets effectively absent uninsured risk exposure main cause poverty describe methodology used design contract underlying index predicted areaaverage livestock mortality established statistically using longitudinal observations householdlevel herd mortality fit remotely sensed vegetation data householdlevel performance analysis based simulations finds ibli removes 2540 percent total livestock mortality risk describe contract pricing risk exposures underwriter establish iblis reinsurability international markets