Navigation Links
Pilot Islamic-compliant livestock insurance product in Africa pays pastoralists in drought-prone Kenya
Date:3/25/2014

WAJIR, KENYA (25 March 2014)For the first time in Africa, an insurance policy that combines an Islamic-compliant financial instrument with innovative use of satellite imagery is compensating Muslim pastoralists for drought-induced losses suffered in Kenya's northeastern Wajir County, where livestock are valued at Ksh 46 billion (USD 550 million).

The 30 women and 71 men in arid and semi-arid Wajir will be the first beneficiaries of livestock insurance that conforms to the Islamic concept of takaful, in which risks are shared among a group of participants. Through a contract called tabbaru (donation), participants make contributions to a risk fund. In the case of a payout, the fund makes payments commensurate with the contributions received. The pilot program will pay approximately Ksh 500,000 (USD 5,800) for losses suffered to their herds of sheep, goat, cattle and camels during the long dry season that typically ends in March.

The herds were insured last August by Takaful Insurance of Africa (TIA) with an Index-Based Livestock Insurance (IBLI) product, branded as Index-Based Livestock Takaful (IBLT). IBLI uses satellite imagerymeasuring the conditions of grazing landsthat is fed into an algorithm that predicts livestock loses. Predictions beyond the 15 percent level trigger indemnity payments. Drought conditions in much of Wajir County have surpassed the index trigger and active contract holders in these areas will be compensated.

"This payout is critical for building confidence in the concept of insurance for the pastoral, drought-prone regions of East Africa, where life revolves around livestock and droughts can bring disaster," said Andrew Mude who leads the IBLI program of the Nairobi-based International Livestock Research Institute (ILRI).

"It's particularly important to make livestock policies work for places like Wajir," he added, "where many thought the combination of isolation from economic activity and the vast,
'/>"/>

Contact: Nancy Moss
nmoss@burnesscommunications.com
254-729-991-028

Brenda Wandera
b.wandera@cgiar.org
254-722-247-664

Umi Wabomba
umi.wabomba@takafulafrica.com
254-788-100-311

International Livestock Research Institute
Source:Eurekalert


Page: 1 2 3

Related biology news :

1. New bilateral pilot opportunity will fund collaborations between US and UK bioscience researchers
2. Brain on autopilot
3. Pilot program to let US high-school students experience Antarctic science at a Chilean station
4. Center for Clinical and Translational Science awards new pilot grants
5. Study questions the role of kinship in mass strandings of pilot whales
6. Bioliq pilot plant: Successful operation of high-pressure entrained flow gasification
7. ImpactStory metrics of academic research outreach piloted by Pensoft Publishers
8. Pilot Results Move GHX Closer to Delivery of Healthcare Industrys First Implantable Device Supply Chain Solution
9. Cinega de Santa Clara unchanged after pilot run of Yuma Desalting Plant
10. The first pilot wastewater treatment plant with integrated wood production opened in Mongolia
11. Livestock found ganging up on pandas at the bamboo buffet
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2015)... 9, 2015  Lintec of America recently announced an ... nanotube (CNT) macrostructures, including sheets, yarns and ribbons, developed ... Leveraging the vast industrial resources of the global ... , Lintec of America is forming the Nano-Science and ... , focusing on scaling up the manufacturing and commercialization ...
(Date:2/5/2015)... , Jan. 26, 2015   Epic Sciences , ... cancer, today announced that Murali Prahalad , Ph.D., president ... Medicine World Conference (PMWC) 2015: Silicon Valley, which is ... Mountain View, Calif. on January 26-28, 2015. ... Come of Age as Biomarkers." Last year, Epic Sciences was ...
(Date:2/5/2015)... 2015 New Market Research Reports ... Forecasts To 2020 has Been Added to GrandViewReseach.com Report ... expected to reach USD 5.10 billion by 2020, according ... IR cameras help identify the site of tissue damage ... surging demand in medical imaging applications. They have been ...
Breaking Biology News(10 mins):Lintec announces exclusive license to commercialize innovative carbon nanotube technology from the University of Texas at Dallas 2Lintec announces exclusive license to commercialize innovative carbon nanotube technology from the University of Texas at Dallas 3Lintec announces exclusive license to commercialize innovative carbon nanotube technology from the University of Texas at Dallas 4Epic Sciences to Present at Personalized Medicine World Conference 2015 on the Use of Circulating Tumor Cells as Cancer Biomarkers 2IR Camera Market Worth $5.10 Billion By 2020: Grand View Research, Inc. 2IR Camera Market Worth $5.10 Billion By 2020: Grand View Research, Inc. 3
... SAN FRANCISCO -- In 2011, researchers at the California Academy ... The new species include 72 arthropods, 31 sea slugs, 13 fishes, ... were described by more than a dozen Academy scientists along with ... plenty of places to explore and things to discover on Earth, ...
... A comprehensive framework to encourage and facilitate the sharing ... The 24 recommendations of the GBIF Data Publishing Framework ... BMC Bioinformatics . Some of the measures ... by GBIF and others, including the publication of ,data ...
... Jyrki Ltjnen from VTT Technical Research Centre of Finland, ... of Alzheimer,s disease. The tool compares measurements of a ... databases and provides a simple index about the severity ... tool improves the accuracy of diagnosis and clinicians, confidence ...
Cached Biology News:140 new species described by California Academy of Sciences in 2011 2140 new species described by California Academy of Sciences in 2011 3140 new species described by California Academy of Sciences in 2011 4New biodiversity data publishing framework proposed 2New biodiversity data publishing framework proposed 3From heterogeneous patient measurements towards earlier diagnosis in Alzheimer's disease 2
(Date:2/27/2015)... SAN DIEGO , Feb. 27, 2015  Pfenex ... in the development of biosimilar therapeutics, today announced that ... San Francisco Marriott Marquis on March 2 nd ... will participate on a panel discussing the current state ... World of Biosimilars . For more ...
(Date:2/27/2015)... Feb. 27, 2015   PureTech , a science ... commercializing disruptive products and technologies in the healthcare sector, ... former CEO and Member of the Board of Directors ... "It,s has been a pleasure to know Chris ... we will be working together more closely now," said ...
(Date:2/26/2015)... 2015 /PRNewswire/ - SQI Diagnostics Inc. ("SQI" or the ... that develops and commercializes proprietary technologies and products for ... results for the fiscal first quarter ended December  31, ... Canadian dollars (CAD), unless otherwise stated. ... business from our existing customers and add to our ...
(Date:2/26/2015)... FT. LAUDERDALE, Fla. , Feb. 26, 2015 /PRNewswire/ ... discussed growth priorities driven by key research advancements ... Health segments at today,s Bank of America Merrill Lynch ... worldwide met the challenge of building grain supplies the ... expected to continue at the pace of the last ...
Breaking Biology Technology:Christopher Viehbacher, former CEO of Sanofi, Joins PureTech's Board of Directors 2Christopher Viehbacher, former CEO of Sanofi, Joins PureTech's Board of Directors 3Christopher Viehbacher, former CEO of Sanofi, Joins PureTech's Board of Directors 4SQI Diagnostics Reports First Quarter Financial Results 2SQI Diagnostics Reports First Quarter Financial Results 3SQI Diagnostics Reports First Quarter Financial Results 4SQI Diagnostics Reports First Quarter Financial Results 5SQI Diagnostics Reports First Quarter Financial Results 6DuPont Leader Outlines Path for Growth in Agriculture and Nutrition & Health Segments 2DuPont Leader Outlines Path for Growth in Agriculture and Nutrition & Health Segments 3DuPont Leader Outlines Path for Growth in Agriculture and Nutrition & Health Segments 4DuPont Leader Outlines Path for Growth in Agriculture and Nutrition & Health Segments 5
... 2009 at 4:30 p.m. Eastern TimeBOTHELL, WA, and ... ("OncoGenex" or the "Company") (NASDAQ: OGXI ... three months ended March 31, 2009 and reviewed ... 2009. , The following consolidated results reflect the ...
... 6 Spectros Corporation (Portola Valley, CA) filed ... Scientific (NYSE: TMO ), alleging infringement ... 3300 product. Spectros invented and commercialized solid-state, broadband, ... and incorporated these into its flagship T-Stat product, ...
... Calif., May 6 Nektar Therapeutics (Nasdaq: NKTR ... ended March 31, 2009. Net loss for the quarter ended ... compared to net loss of $40.7 million or $0.44 per ... made improvements to its operating efficiencies as compared to a ...
Cached Biology Technology:OncoGenex Reports First Quarter Financial Results 2OncoGenex Reports First Quarter Financial Results 3OncoGenex Reports First Quarter Financial Results 4OncoGenex Reports First Quarter Financial Results 5OncoGenex Reports First Quarter Financial Results 6Spectros Corporation Protects Its Cool White LED Spectroscopy Technology Against Alleged Infringement by Thermo Fisher Scientific 2Nektar Therapeutics Reports First Quarter 2009 Financial Results 2Nektar Therapeutics Reports First Quarter 2009 Financial Results 3Nektar Therapeutics Reports First Quarter 2009 Financial Results 4Nektar Therapeutics Reports First Quarter 2009 Financial Results 5Nektar Therapeutics Reports First Quarter 2009 Financial Results 6Nektar Therapeutics Reports First Quarter 2009 Financial Results 7Nektar Therapeutics Reports First Quarter 2009 Financial Results 8Nektar Therapeutics Reports First Quarter 2009 Financial Results 9
... siTrio siRNA --- a cocktail of ... gene of interestis our most popular product. ... than 75% knockdown of your target gene ... siRNA for transfection and confirmation of optimal ...
... siRNA --- a cocktail of 3 siRNAs ... interestis our most popular product. The siTrio ... knockdown of your target gene when used ... transfection and confirmation of optimal transfection with ...
... This kit #27295 has improved stability and ... improved kit not only has overcome this problem ... first, we have changed the formulation of HRP ... X 1). By this change, the stability of ...
... EIA kit is a complete assay system ... (1,25D) in human serum or plasma. The ... found in the IDS 1,25D RIA followed ... comes with ready to use reagents, no ...
Biology Products: