The impact of climatic change on livestock insurance
Abstract
The purpose of this study was to investigate the climatic change and its impact
on livestock insurance.
Livestock insurance is an ordinary insurance product. This product has developed
very quickly. Thirty years ago, insurers covered only cattle, now they can cover a
risk as delicate as aquaculture. The success of livestock insurance is due to
importance given by breeders to risk management. Insurance constitutes the
ultimate defense against livestock risk.
Climate change is expected to exacerbate current pressure on the limited surface
and groundwater resources. It is important to note the magnitude of changes in
the spatial and temporal distribution of precipitation, soil moisture, and runoff,
and the frequencies and magnitude -of droughts and floods is not currently
predictable with confidence.
Nevertheless, most of the adoptive measures available today to manage water
resources would be valid for the future conditions in the event of climate change
( IPCC, 1990b)
Citation
A project submitted to the department of mathematics in Partial fulfillment of the requirement for the degree of Postgraduate diploma in actuarial science.Publisher
Actuarial science, University of Nairobi