AGENCY FOR INCLUSIVE INSURANCE DEVELOPMENT (AIID)
Long term sustainable societal benefits result from innovative solutions that are scalable and resilient over time. At AIID, we get involved only in projects that combine innovation, scale, sustainability, and resilience. Every project we choose to undertake is based on and is measured against these pillars. Our focus is concentrated around mitigating climate risk and preparing society to deal better and sustainably with the adverse effects of climate risk. We help design, pilot, implement and scale insurance products that provide measurable value to society.
"Inclusive, Innovative, Sustainable, Resilient".
Understanding the peculiarities and the core values of ASAL markets in Africa is crucial to scoping, designing, and implementing inclusive insurance products successfully. AIID combines deep understanding of inclusive insurance services with the appreciation of the need of rural markets in Africa’s ASAL regions.
INDEX BASED LIVESTOCK INSURANCE
Drought is one of the biggest risks facing the stability and prosperity of Arid and Semi-Arid Lands (ASAL) of Africa. The effect of climate change has reduced the interval between adverse periods and made it increasingly unpredictable. The cyclical nature of drought makes it more devastating and has tested traditional coping mechanisms to their limits.
Managing this growing and cyclical drought risk requires an innovative solution to help mitigate its effect on pastoralist families. The recognition of this need was at the core of efforts that resulted in the research, design, and piloting Index-Based Livestock Insurance (IBLI) program in Kenya and Ethiopia.