An ILRI researcher applied index insurance principles to livestock. He used satellite to monitor grazing conditions which are a proxy for the health of livestock and makes insurance payouts to herders whose animals are killed by drought: http://wrld.bg/L8Jf3065MfC
For Pioneering Livestock Index Insurance, World Food Prize Award Honors World Bank Grantee
This past October, Dr. Andrew Mude of the International Livestock Research Institute (ILRI) received the World Food Prize International Symposium top honor for his work on developing livestock index insurance in the lowlands of East Africa.