MN-Index-Based Livestock Insurance

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The Index-based Livestock Insurance Project for Mongolia aims to ascertain the viability of index-based livestock insurance in Mongolia to reduce the impact of livestock mortality for herders. The project consist of the following five components: Component 1) will pilot the two Index-based Livestock Insurance (IBLI) products. Both products would be provided to herders through insurance companies. Component 2) a range of promotion and public awareness (PPA) activities will be conducted to create awareness and educate key stakeholders on the details of the insurance product and the IBLI pilot. Component 3) will provide support to establish the institutional framework and capacity necessary for the potential expansion of the insurance products following demonstration of the viability of the concept. Component 4) will involve a range of stakeholders during the pilot program to track access by different social groups, to monitor responses to the new products and to determine if and how herders modify their behavior. Component 5) will provide support to the Project Implementation Unig (PIU) to enable it to function effectively and provide adequate management for the implementation of the project.