Innovating to Reduce Risk : The Case of Livestock Insurance in Mongolia
The Mongolia Index Based Livestock Insurance Project (P088816) is piloting insurance plans in three provinces, Bayankhongor, Uvs, and Khenti. It consists of five components. The first provides the mechanism to pilot two index-based livestock insura...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/10/8958053/innovating-reduce-risk-case-livestock-insurance-mongolia http://hdl.handle.net/10986/9557 |
| Summary: | The Mongolia Index Based Livestock
Insurance Project (P088816) is piloting insurance plans in
three provinces, Bayankhongor, Uvs, and Khenti. It consists
of five components. The first provides the mechanism to
pilot two index-based livestock insurance (IBLI) products.
The second component of the project entails a variety of
targeted promotional and public awareness activities to
foster awareness and inform stakeholders about the details
of the two products and the IBLI pilot. The third component
supports the institutional framework and capacity necessary
to expand the availability of the insurance products once
the viability of IBLI instruments has been established. The
fourth component monitors a variety of stakeholders during
the IBLI pilot in tracking access by different social
groups, monitoring how the two products are received, and in
determining whether herders modify their behavior in
response and, if so, how their behavior changes. The
project's fifth component supports the project
implementation unit in its management functions. The lessons
learned also suggest themselves as potentially replicable by
other project teams, and as warranting the attention of
other governments that seek to manage the risks faced by
livestock-dependent communities. |
|---|