Escaping Poverty Traps and Unlocking Prosperity in the Face of Climate Risk : Lessons from Index-Based Livestock Insurance / Nathaniel D. Jensen, Francesco P. Fava, Andrew G. Mude, Christopher B. Barrett, Brenda Wandera-Gache, Anton Vrieling, Masresha Taye, Kazushi Takahashi, Felix Lung, Munenobu Ikegami, Polly Ericksen, Ph.

Format:

Book

Author/Creator:

Jensen, Nathaniel D., author.

Fava, Francesco P., author.

Mude, Andrew G., author.

Barrett, Christopher B., author.

Wandera-Gache, Brenda, author.

Vrieling, Anton, author.

Taye, Masresha, author.

Takahashi, Kazushi, author.

Lung, Felix, author.

Ikegami, Munenobu, author.

Ericksen, Polly, author.

Chelanga, Philemon, author.

Sommarat Chantarat, author.

Carter, Michael, author.

Bashir, Hassan, author.

Banerjee, Rupsha, author.

Series:

Cambridge elements. Elements in development economics

Elements in Development Economics

Language:

English

Subjects (All):

Livestock insurance.

Poverty.

Physical Description:

1 online resource (92 pages) : digital, PDF file(s).

Edition:

1st ed.

Other Title:

Escaping Poverty Traps & Unlocking Prosperity in the Face of Climate Risk

Place of Publication:

Cambridge : Cambridge University Press, 2024.

Summary:

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

Contents:

Cover

Title page

Copyright page

Elements in Development Economics: Lessons from Index-Based Livestock Insurance

Contents

1 Index-Based Livestock Insurance to Address Risk-Based Poverty Traps

Revisiting the Challenge of Persistent Poverty

Persistent Poverty in East Africa's Arid and Semiarid Lands

Financial Innovation to Unlock Risk-Based Poverty Traps

2 East African Pastoralism: Change and Variability

3 Index-Based Insurance for Pastoralist Regions

Index Insurance and its Strengths and Weaknesses

Economic Logic for Micro-level Index Insurance in Pastoralist Areas

Economic Logic for Macro-level Index Insurance

4 Institutional and Implementation History of IBLI

Piloting

Micro-scale (and Growing Pains)

Meso- and Macro-scale Growth

5 Accurate and Effective Contract Design

The Original IBLI Design

Design of the Asset Protection Contract

Innovating IBLI Product Design

Moving Forward

6 Creating and Serving the IBLI Market

Challenges to Market Development

Setting Up IBLI to Scale

Key Lessons for Scaling Innovations

7 Evidence of IBLI Impact, Quality, and Uptake of IBLI

Before and After the Drought: The Impacts of IBLI

Basis Risk and the Quality of Protection under IBLI

Uptake

8 Enabling Sustainable Scaling

From Incubation to Scale

Enabling Environment for Scaling IBLI

Policy and Institutional Infrastructure to Drive Sustainable Scale

Epilogue: A New Round of IBLI Scaling Begins

References

Author Contributions Statement

Acknowledgments

Notes:

Title from publisher's bibliographic system (viewed on 04 Jun 2024).

ISBN:

9781009558235

1009558234

9781009558280

1009558285

9781009558273

1009558277