Africa Re, in collaboration with the Livestock Productivity and Resilience Support Project (L-PRES), a consortium of insurance providers and development partners, has launched an indexed livestock insurance (IBLI) product in Nigeria.

The product was officially presented at an event on July 24, 2025 at the Transcorp Hilton in Abuja. This event brought together key actors from the government, the insurance sector, development institutions, and pastoral communities to mark an important step in the fight against climate-related vulnerabilities and the strengthening of the livestock value chain

July 24, 2025, actors from the public and private sectors met in Abuja, Nigeria, to launch two innovative insurance products designed to meet the unique challenges of farmers and herders. This event, organized by Africa Re, marked a key milestone in the Nigeria Inclusive Insurance Project, which is part of the IFC Inclusive Insurance Program for Africa, supported by GIIF

Nigeria is launching two innovative, data-based livestock insurance policies to bring climate-smart protection to over 20,000 farmers as part of a pilot project in four northern states, reducing conflicts and strengthening peaceful and resilient rural communities.

This event brought together a broad network of actors from governments, development institutions, the insurance sector, and farmers' and herder associations. Key partners in this initiative include the International Finance Corporation (IFC), Africa Re, the World Bank Livestock Productivity and Resilience Support Project (L-PRES), Dalili Advisors, the InsuResilience Investment Fund (BlueOrchard), Africa Re, the World Bank's Livestock Productivity and Resilience Project (L-PRES),

The new products — Index Livestock Insurance* and Animal Encroachment Insurance** — were developed as part of a two-year feasibility study conducted by IFC, Africa Re, and Dalili in the states of Sokoto, Bauchi, Adamawa and Plateau in northern Nigeria. This study established a clear link between drought-related conditions and rising tensions over land and water resources, which are often a source of encroachments and conflicts. These products were designed as practical, evidence-based solutions to help protect the livelihoods of herders and farmers in affected regions.