Weather indices for designing micro-insurance products for small-holder farmer in the tropics
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Title |
Weather indices for designing micro-insurance products for small-holder farmer in the tropics
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Creator |
Díaz Nieto, Jacqueline
Fisher, Myles J. Cook, Simon E. Läderach, Peter Lundy, Mark M. |
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Subject |
agriculture
climate drought policies |
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Description |
Agriculture is inherently risky. Drought is a particularly troublesome hazard that has a documented adverse impact on agricultural development. A long history of decision-support tools have been developed to try and help farmers or policy makers manage risk. We offer site-specific drought insurance methodology as a significant addition to this process. Drought insurance works by encapsulating the best available scientific estimate of drought probability and severity at a site within a single number- the insurance premium, which is offered by insurers to insurable parties in a transparent risk-sharing agreement. The proposed method is demonstrated in a case study for dry beans in Nicaragua.
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Date |
2012-06-21
2014-02-19T07:59:24Z 2014-02-19T07:59:24Z |
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Type |
Journal Article
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Identifier |
Díaz Nieto J, Fisher M, Cook SE, Läderach P, Lundy M. 2012. Weather indices for designing micro-insurance products for small-holder farmer in the tropics. PLoS One 7(6): e38281.
1932-6203 https://hdl.handle.net/10568/34954 https://doi.org/10.1371/journal.pone.0038281 |
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Language |
en
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Rights |
CC-BY-4.0
Open Access |
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Publisher |
Public Library of Science
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Source |
PLOS ONE
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