Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Satellite assessment for livestock insurance

Share

Sometimes new products appear on the market which are both innovative and interesting to us here at Artemis. This one is particularly interesting as it utilises satellites to assess pasture greenness to create an index against which insurance products can be triggered.

The micro-insurance project in question is in Kenya where the International Livestock Research Institute and a team of American university researchers have devised a pilot for a livestock insurance product to protect herdsmen from the losses of animals experienced due to drought.

Rather than having to verify claims in the normal manner with insurance for livestock, this pilot uses an index which allows claims to be verified instantly and payouts to be made much more quickly.

This merging of micro-finance with alternative risk transfer techniques is becoming more and more prevalent and is both helping the developing world as well as providing new product opportunities for insurers and others who underwrite the programs often through the use of derivatives.

Read more about this on the BBC website.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis London 2022 - Insurance-linked securities conference in London

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.