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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Period of NDVI observations for
constructing LRLD mortality index
Predicted LRLD mortality is announced.
Indemnity payment is made if IBLI is triggered
LRLD season coverage SRSD season coverage
1 year contract coverage
Sale period
For LRLD
Sale period
For SRSD
Predicted SRSD mortality is announced.
Indemnity payment is made if IBLI is triggered
Period of NDVI observations
For constructing SRSD
mortality index
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Period of NDVI observations for
constructing LRLD mortality index
Predicted LRLD mortality is announced.
Indemnity payment is made if IBLI is triggered
LRLD season coverage SRSD season coverage
1 year contract coverage
Sale period
For LRLD
Sale period
For SRSD
Predicted SRSD mortality is announced.
Indemnity payment is made if IBLI is triggered
Period of NDVI observations
For constructing SRSD
mortality index

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KARGI
SHURA
MAIKONA
BUBISA
TURBI
ILLERET
GALAS
SABARET
KOYA
DARADE
NORTH HORR
DUKANA
EL GADE
KORR
KURUGUM
BALESA
LAISAMIS
EL-HADI
FUROLE
KALACHA
HAFARE
GAS
HURRI HILLS
LOIYANGALANI
KURUNGU
LONTOLIO
ARAPAL
LOGOLOGO
QILTA
MT. KULAL
MOITE
GUDAS/SORIADI
KARARE
IRIR
NGURUNIT
LARACHI
KAMBOYESOUTH HORR(MARSA)
LONYORIPICHAU
SONGA
MERILLE
ILLAUT(MARSABIT)
HULAHULA
MAJENGO(MARSABIT)
OGUCHO
OLTUROT
JALDESA
KITURUNI
DIRIB GOMBO
JIRIME
SAGANTE
Legend
MarsabitIBLI
HSNP, IBLI Game_HSNP, No IBLI Game_No H
HSNP, IBLI Game
HSNP, No IBLI Game
No HSNP, IBLI Game
No HSNP, No IBLI Game
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KARGI
SHURA
MAIKONA
BUBISA
TURBI
ILLERET
GALAS
SABARET
KOYA
DARADE
NORTH HORR
DUKANA
EL GADE
KORR
KURUGUM
BALESA
LAISAMIS
EL-HADI
FUROLE
KALACHA
HAFARE
GAS
HURRI HILLS
LOIYANGALANI
KURUNGU
LONTOLIO
ARAPAL
LOGOLOGO
QILTA
MT. KULAL
MOITE
GUDAS/SORIADI
KARARE
IRIR
NGURUNIT
LARACHI
KAMBOYESOUTH HORR(MARSA)
LONYORIPICHAU
SONGA
MERILLE
ILLAUT(MARSABIT)
HULAHULA
MAJENGO(MARSABIT)
OGUCHO
OLTUROT
JALDESA
KITURUNI
DIRIB GOMBO
JIRIME
SAGANTE
Legend
MarsabitIBLI
HSNP, IBLI Game_HSNP, No IBLI Game_No H
HSNP, IBLI Game
HSNP, No IBLI Game
No HSNP, IBLI Game
No HSNP, No IBLI Game
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• 𝑐𝑖 
• Ǝ x𝑖𝑡 𝑉𝑂𝐼𝑖𝑡 𝑦𝑖𝑡 𝑉𝑂𝐼𝑖𝑡
𝑦𝑖𝑡 = 𝛽0 + 𝛽1 𝑉𝑂𝐼𝑖𝑡 + 𝑥𝑖𝑡
′
𝛽2 + 𝑐𝑖 + 𝜀𝑖𝑡
𝑉𝑂𝐼𝑖𝑡 = {(𝐻𝑆𝑁𝑃𝐶𝑖𝑡, 𝐻𝑆𝑁𝑃𝑖𝑡), (𝐼𝐵𝐿𝐼𝐶𝑖𝑡, 𝐼𝐵𝐿𝐼𝑖𝑡)}
(HSNPC𝑖𝑡, HSNP𝑖𝑡) = (Cumulative prior seasons as an HSNP participant, Current HSNP participant)
(IBLIC𝑖𝑡, IBLI𝑖𝑡) = (Cumulative prior seasons with IBLI coverage, Current IBLI coverage in TLUs)

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Premium Discount (%) 0.405*** 1.396***
(0.058) (0.211)
Observations 7,027 7,027
R2 0.202 0.113

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ITT 0.615***
(0.039)
Observations 7,021
Pseudo R2 0.519

JENSEN | CORNELL UNIVERSITY ILRI | JUNE 2015 21