The Index-Based Livestock Insurance Project (IBLIP) in Mongolia is a pioneering initiative centered on a livestock mortality index. This index, compiled and managed by the Mongolian National Statistics Office, guides the project. IBLIP's unique framework integrates self-insurance, commercial insurance (IBLIP), and social transfers to address catastrophic losses. Herders independently manage minor losses (under 6% livestock mortality rate) that don't jeopardize their livelihoods. Significant losses are covered by the private insurance sector. The government takes on the responsibility for catastrophic losses, ensuring a comprehensive safety net for Mongolia's pastoralist communities.
 
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