Executive Seminar on Index-Based Livestock Insurance
Droughts threaten the livelihood of pastoralists in the Arid and Semi-Arid Lands (ASAL) of Kenya. With climate change, prolonged and recurrent droughts are expected to become even more frequent in the years to come. To address this challenge, the Government of Kenya through the State Department of Livestock (SDL) and the private insurance sector joined hands to implement the Kenya Livestock Insurance Program (KLIP) in 2014 with support of the World Bank. KLIP is an index-based livestock insurance program that seeks to hedge pastoralists against drought-related risks. The program covers close to 80,000 people and 66,000 livestock units. Since 2014, KLIP has made payouts of more than KSh 700 million to 32,000 pastoralists in need of drought assistance.
In April 2018, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and Swiss Re through their Strategic Alliance on Climate Risk Transfer Solutions (STA) in cooperation with the SDL conducted an “Executive Seminar on Index-Based Livestock Insurance” in Mombasa. One of the results from the exchange was a proposal to conduct a follow up capacity-building event on livestock insurance for high-level stakeholders in Nairobi.
Against this background, STA in collaboration with SDL is organising an executive seminar on KLIP targeting policy makers at national level. This new seminar is scheduled to take place in Nairobi at 24 July 2018 with the objective of extending the capacity building of high-level public stakeholders in Kenya with livestock insurance knowledge.
The seminar agenda includes:
- KLIP product design and its benefits for the pastoralists in the Kenyan ASAL
- Role of the public sector in the development of the agricultural insurance market
- Role and experience of the private sector in the design and implementation of livestock insurance and disaster financing
If you are interested in more information, please visit the website: https://nairobi-2018.climate-risk-transfer.org/
Adaptation Africa Agricultural Insurance Climate Change Insurance Mitigation