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Review of FSD’s Index Based Weather Insurance Initiatives
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Publication date
23/07/2013
Number of Pages
60
Language:
English
Type of Publication:
Studies
Focus Region:
Sub-Saharan Africa
Focus Topic:
Climate / Weather / Environment
Type of Risk:
Weather & Climate related
Type of Risk Managment Option:
Risk transfer
Commodity:
Crops
Livestock
Author
The Kenya Financial Sector Deepening (FSD) programme
Organization
The Kenya Financial Sector Deepening (FSD) programme
The aim of this review is firstly to assess the impact that FSD and partners have had in catalysing the creation of a commercially viable market for Index Based Weather Insurance (IBWI) in Kenya. Secondly, it will make recommendations about how such a market might be achieved through the existing pilots. We used the approach detailed in “Making [financial] Markets Work for the Poor” (Porteous 2004) which guides FSD’s programme implementation. This approach considers how market systems can be adapted to work for the poor in a sustained manner by examining the broader environment, identifying relevant obstacles and incentives. This review is not intended to be a detailed investigation of how IBWI works or document all that has happened in Kenya. This has been covered in numerous papers and articles by the World Bank, IFAD, ILRI and others.
Keywords: Index Insurance