Drought insurance: Breaking the cycle of loss for millions of pastoralists
Droughts have always occurred in the Horn of Africa, but in the past few years they have begun happening much more frequently.
An award-winning scheme of index-based livestock insurance could provide a lifeline for millions of pastoralists whose livelihoods are affected by drought. There is no need to wait for a drought to become severe, for animals to die, or people to starve. Instead this scheme can help resilent pastoralists deal with climate shocks before they happen.
Presenters Brenda Coromina and Elliot Carleton take a look at how the insurance works, and why it is needed.
The index-based livestock insurance project at ILRI is run with the help of a variety of partners, including the World Bank, Cornell University, UC Davis, and the Kenyan government.
This episode features a clip from a video interview with Guyo Malicha Roba by The Elephant.
1:39 The Jameel Observatory and early drought detection
3:01 How index-based drought insurance works
7:00 How ILRI is scaling up insurance and collecting data on the ground
11:12 How data is being shared, and hopes for the future
Find all podcasts here: ilri.org/podcast
Learn more:
ILRI
Drought Management in Kenya Should Pivot from Crisis to Risk Management
The Elephant
