…Pastoralists will be compensated for loss of their animals from January after a livestock insurance product is launched in Kenya.
However, details of the exact amount of premium to be paid will depend on the insurance company that have agreed to partner with the International Livestock Research Institute (ILRI), the institution that developed the product.
ILRI will study satellite images on weather changes in North Eastern Province. In cases of severe drought or flooding that results in death livestock, farmers will be compensated.
“For livelihoods that rely solely or partly on livestock, the resulting high livestock mortality rate has devastating effects, rendering these pastoralists among the most vulnerable populations in Kenya,” said ILRI in the report.
Read more… (Busibess Daily)