Developing policy innovations for the pastoralist rangelands through cross-sector partnerships
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The document discusses Takaful Insurance Agency's (TIA) efforts to provide livestock insurance (IBLT) to pastoralist communities in arid regions of Kenya. It outlines TIA's objectives to protect pastoralists from drought losses and educate communities on IBLT. It also examines the challenges of IBLT distribution, including data reliability, community reach and acceptance, affordability, and achieving critical mass. Sales and payout statistics from Wajir county are presented, showing over 2,000 policies issued covering 35,000 livestock. Key questions are raised about improving the sustainability and scaling of IBLT in the targeted regions.
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Developing policy innovations for the pastoralist rangelands through cross-sector partnerships
- 1. estock Takaful Potential Distribution Channels IBLI Policy Workshop: Developing Policy Innovations for the Pastoralist Rangelands through Cross-Sector Partnerships By Hassan Bashir Tuesday, June 9, 2015
- 2. ‹#› TIA’s Broad Objectives 1. To protect pastoralist in Arid regions from extreme suffering & loss livestock as a result of drought. 2. To educate, create awareness of livestock insurance within the targeted counties through practical engagement & awareness campaigns. 3. To upscale IBLT uptake in targeted counties.
- 4. ‹#› Major Challenges a) Reliability of Data (Product) b) Reachability (Presence) c) Acceptability (Community) d) Affordability (Price) e) Difficulty of Achieving Critical Mass (Volume) f) Inclusive Nature of Claims Trigger g) Need for Geographic Diversity
- 5. ‹#› TIA IBLT Experience Map
- 8. ‹#› IBLT Sales Experience (Wajir) - 750,000 1,500,000 2,250,000 3,000,000 W1 W2 W3 W4
- 9. ‹#› IBLT Sales Experience Combined - 750,000 1,500,000 2,250,000 3,000,000 Wajir Isiolo Garissa Mandera W1 W2 W3 W4
- 10. ‹#› Payout (Claims) Experience - 1,250,000 2,500,000 3,750,000 5,000,000 W1 W2 W3 W4 Sales Claims
- 11. ‹#› Total Payout Against Premium - 1,750,000 3,500,000 5,250,000 7,000,000 Sales Claims
- 12. ‹#› Summary of IBLT Experience
- 13. ‹#› Summary of IBLT Experience Total Number of Policies 2,395 Number of Shoats Insured 31,323 Number of Cattle Insured 1,355 Number of Camel Insured 2,929 Total Number of Livestock Insured 35,607 Sum Insured 98.3 million
- 15. ‹#› key Local Stakeholders 1. Community Elders/Opinion Leaders 2. Religious Leaders 3. County and Local Chiefs 4. Members of County Assembly 5. Members of Parliament 6. County Livestock Department 7. Sub-County/Ward Administrators 8. Livestock Extension Officers 9. Local Community Media Houses
- 16. ‹#› Key Questions 1. How do we improve the reliability of the base data, so that triggers reflect reality on the ground? 2. How do we tell the potential impact of climatic changes from window to window? on sum insured? on price? 3. How do we deal with concentration of risk? 4. How do we deal with the need to geographically diversify & the cost of doing so? 5. How do reconcile the need for internal capacity & the limited initial revenue base? 6. How do we scale up to reach large numbers across the ASAL regions?
- 17. ‹#› Key Questions (cont) 7. How do we take pain out of reaching the community? 8. How can we make the product affordable for the community, yet commercially viable for the insurer? 7. How do we sustain operations in the field long enough to achieve critical mass? 8. How do we win the patience of Boards & Shareholders if we have to crawl towards long term commercial viability? 9. How can we create the supporting industry sustainably? 10. How do we create community of acceptance/ownership for long term sustainability?
- 18. ‹#› Thank You