developing policy innovations for the pastoralist rangelands through cross-sector partnerships
TRANSCRIPT
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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
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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.
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ASAL Region
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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 Triggerg) Need for Geographic Diversity
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TIA IBLT Experience Map
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TIA Distribution Channel
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Lead Agent Network
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IBLT Sales Experience (Wajir)
W1 W2 W3 W4 -
750,000
1,500,000
2,250,000
3,000,000
Series1
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IBLT Sales Experience Combined
Wajir Isiolo Garissa Mandera -
750,000
1,500,000
2,250,000
3,000,000
W1 W2 W3
W4
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Payout (Claims) Experience
W1 W2 W3 W4 -
1,250,000
2,500,000
3,750,000
5,000,000
Sales Claims
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Total Payout Against Premium
Sales Claims -
1,750,000
3,500,000
5,250,000
7,000,000
Series1
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Summary of IBLT Experience
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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
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Key Stakeholders
LivestockAsset
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key Local Stakeholders
1. Community Elders/Opinion Leaders2. Religious Leaders3. County and Local Chiefs4. Members of County Assembly5. Members of Parliament6. County Livestock Department7. Sub-County/Ward Administrators8. Livestock Extension Officers9. Local Community Media Houses
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Key Questions1. 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?
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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?
9. How do we sustain operations in the field long enough to achieve critical mass?
10. How do we win the patience of Boards & Shareholders if we have to crawl towards long term commercial viability?
11. How can we create the supporting industry sustainably?
12. How do we create community of acceptance/ownership for long term sustainability?
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Thank You