Retail Innovations
Posted on August 4, 2015

Index-Based Livestock Insurance


APA Insurance in Kenya has developed an index-based product for livestock in cooperation with the International Livestock Research Institute, World Vision, and Leapfrog.  The product uses a mobile platform to enroll customers and communicate policy details.  In addition, farmers can make insurance payments and receive payouts via M-PESA. The service uses satellite imagery and proprietary algorithms to estimate the availability of grazing resources.  If the index predicts livestock mortality of over 15%, farmers automatically receive a payout.

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