Escaping Poverty Traps and Unlocking Prosperity in the Face of Climate Risk
Lessons from Index-Based Livestock Insurance

Describes the economic logic, evidence and institutional history of the Index-Based Livestock Insurance product from pilot to scale.

Nathaniel D. Jensen (Author), Francesco P. Fava (Author), Andrew G. Mude (Author), Christopher B. Barrett (Author), Brenda Wandera-Gache (Author), Anton Vrieling (Author), Masresha Taye (Author), Kazushi Takahashi (Author), Felix Lung (Author), Munenobu Ikegami (Author), Polly Ericksen (Author), Philemon Chelanga (Author), Sommarat Chantarat (Author), Michael Carter (Author), Hassan Bashir (Author), Rupsha Banerjee (Author)

9781009558259, Cambridge University Press

Paperback / softback, published 20 June 2024

92 pages
22.9 x 15.2 x 0.5 cm, 0.163 kg

This Element outlines the origins and evolution of an international award-winning development intervention, index-based livestock insurance (IBLI), which scaled from a small pilot project in Kenya to a design that underpins drought risk management products and policies across Africa. General insights are provided on i) the economics of poverty, risk management, and drylands development; ii) the evolving use of modern remote sensing and data science tools in development; iii) the science of scaling; and iv) the value and challenges of integrating research with operational implementation to tackle development and humanitarian challenges in some of the world's poorest regions. This title is also available as Open Access on Cambridge Core.

1. Index-based Livestock Insurance to Address Risk-based Poverty Traps
2. East African Pastoralism: Change and Variability
3. Index-based Insurance for Pastoralist Regions
4. Institutional and Implementation History of IBLI
5. Accurate and Effective Contract Design
6. Creating and Serving the IBLI Market
7. Evidence of IBLI Impact, Quality and Uptake of IBLI
8. Enabling Sustainable Scaling
Epilogue: A New Round of IBLI Scaling Begins.

Subject Areas: Development economics & emerging economies [KCM]