Planet Labs PBC (NYSE: PL), a number one supplier of every day information and insights about Earth, have introduced a brand new contract with ZEP-RE, a reinsurance firm primarily based in Nairobi, Kenya, to leverage Planet’s Basemaps merchandise to reinforce drought threat safety within the Horn of Africa (HOA).
ZEP-RE goals to leverage PlanetScope 3-5 meter decision imagery by way of Planet’s analysis-ready, Floor Reflectance Basemaps merchandise. Utilizing pre-processed, Basemaps, Planet will ship Normalized Distinction Vegetation Index (NDVI) time collection information to measure vegetation well being for an space of greater than 600,000 km2 of Jap Africa.
The reinsurance firm may also be using Planet information as their impartial calculation agent to quantify situations and supply metrics to measure drought. With this information they’ll additional develop their drought index program and scale their threat calculation capabilities.
Working with Planet, ZEP-RE goals to broaden the insurance coverage program to help over 250,000 pastoralists within the HOA. Within the course of, they search to generate a drought index that may be custom-made to places to find out payout quantities, generate premium charges, and allow sooner claims.
“At Planet, we’re excited to be contributing information to help the livelihoods of pastoral farmers in Africa with ZEP-RE. We imagine our information is a strong and distinctive supply of data for agricultural index insurance coverage, and that it might probably carry worth to weak communities of their every day lives,” mentioned Kevin Weil, President of Product and Enterprise at Planet.
Alongside the grasslands of sub-Saharan Africa, drought is a persistent menace to economies and livelihoods. ZEP-RE is the implementing agent of a regional mission, DRIVE, intending to reinforce pastoralists’ entry to monetary providers for drought threat mitigation, embrace them within the worth chains, and facilitate the livestock commerce.
ZEP-RE will probably be leveraging Planet’s satellite tv for pc information merchandise to execute the danger safety product to help enterprise continuity and broaden its vital work within the area. DRIVE is a World Financial institution funded mission in partnership with the governments of the 4 collaborating international locations within the HOA; Djibouti, Ethiopia, Kenya and Somalia.
“We’re thrilled to start utilizing Planet’s satellite tv for pc information for the HOA DRIVE Index-Based mostly Livestock Insurance coverage product. With the reliability and high quality of the Planet information, we are able to normalize the stream with our present information and transition easily to proceed our enterprise mannequin into the long run,” mentioned Ronald Kasapatu, Director of Agriculture and Micro Insurance coverage at ZEP-RE.
For Planet, this first-of-its-kind utility demonstrates the progressive use of their Floor Reflectance Basemaps and Skilled Providers to offer NDVI information that powers merchandise for drought insurance coverage. Showcasing the corporate’s evolving insurance coverage choices, this program highlights how the expertise might be replicated with further prospects within the area.
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Kenya drought leaves wildlife gasping for breath
Amboseli, Kenya (AFP) Dec 7, 2022
As he friends on the carcass of the younger elephant, Kenyan park ranger Josphat Wangigi Kagai says such disturbing sights have grow to be all too acquainted – a mirrored image of the vicious drought sweeping throughout the Horn of Africa.
“I used to put on a face masks due to the scent of rotting animals, however now I’m used to it,” the 37-year-old informed AFP, his voice thick with unhappiness.
In southern Kenya’s famed Amboseli Nationwide Park, flanked by the majestic Mount Kilimanjaro, the indicators of the drought are ever … read more
