Enhancing drought resilience in Kenya through Index-Based Livestock Insurance

2 months, 2 weeks ago

Worshop Mombasa Photo group

From April 17 to 20, the Strategic Alliance on Climate Risk Transfer Solutions facilitated two high-level executive trainings on index-based livestock insurance in Mombasa, Kenya. The goal was to reflect on the Kenya Livestock Insurance Program (KLIP) – a flagship program in agricultural insurance – and define next steps for further improvement and implementation on national and county level. The World Bank and the International Livestock Research Institute (ILRI) are also involved in the Program and the gained knowledge is openly shared for other programs and countries to use. The presentation materials are freely available on the event’s website (https://mombasa-2018.climate-risk-transfer.org/).

 The KLIP is an index-based livestock insurance program that seeks to insure pastoralists against drought-related risks. Since its inception in 2014, pay-outs of more than KES 700 million (equivalent to around USD 7 million) have been made to 32,000 pastoralists in need of drought assistance. Today, the program covers close to 80,000 people and 66,000 livestock units.

 In order to further support the successful operation of the KLIP program, the Strategic Alliance joined the KLIP management in organising the events together with the World Bank and the ILRI, that play a key role in the design and operation of the program.

 Each training focused on the needs of the respective target group: The first seminar (17-18 April) was designed for the Members of Parliament and was represented by the Agriculture, Appropriations and Implementation committees, as well as members of the Senate, who are part of the Agriculture Committee. The keynote speech of the Principal Secretary of the State Department of Livestock was very well received and lively discussions led to the agreement to further support the KLIP.

 The second seminar (19-20 April) was organized for the technical officers responsible for disaster risk management and budgeting in the National Treasury and county officials from counties where KLIP is operating. The National Treasury presented their disaster financing strategy and the role of KLIP. Based on the good results of KLIP, the participants agreed to further expand the programme and the counties committed themselves to support KLIP operationally and financially.

 The development partnership Strategic Alliance on Climate Risk Transfer Solutions with Swiss Reinsurance Company (Swiss Re) is part of the develoPPP.de program that the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implements on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

 All presentations and further information is freely available on the event’s website: https://mombasa-2018.climate-risk-transfer.org/


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News


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Africa Climate Change Disaster Risk Finance Insurance Mitigation