Michael Carter; Elizabeth Long; Andrew Mude
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BASIS CRSP, University of California- Davis
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Abstract: Pastoralists of the arid and semi-arid lands of Northern Kenya are highly vulnerable to the effects of drought and climate change. With livestock the main asset and income source for many in this region, any risk management strategy would need to provide households with a tool to protect themselves from livestock losses due to drought. In 2010 an innovative insurance product, the Index Based Livestock Insurance (IBLI), was introduced to do just that.