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Improved rainfall thresholds for index insurance in India

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Title Improved rainfall thresholds for index insurance in India
 
Creator CGIAR Research Program on Climate Change, Agriculture and Food Security
 
Subject climate
agriculture
crop insurance
 
Description Weather shocks can trap farmers and households in poverty. At the same time, the risk of such shocks occurring often discourage farmers from trying out innovations, such as new types of seed or different technologies, which could increase productivity and resilience. Conventional crop insurance relies on the direct assessment of an individual farmer’s loss or damage, but carrying out field assessments in developing countries is often time consuming and costly. Weather index insurance, on the other hand, is based on objective thresholds such as rainfall amounts or temperatures measured at defined locations. Based on the requirements of the crop being insured, a threshold is selected above or below which payouts are made. This means it is not necessary to assess every insured farmer’s loss. In this way, weather index insurance enables farmers to insure their crops against weather risk in areas where traditional agricultural insurance is not available.
 
Date 2014-05
2014-05-09T18:44:39Z
2014-05-09T18:44:39Z
 
Type Case Study
 
Identifier CCAFS. 2014. Improved rainfall thresholds for index insurance in India. Outcome case. CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). Copenhagen, Denmark.
https://hdl.handle.net/10568/35593
 
Language en
 
Relation Outcome Case
 
Rights Open Access
 
Format application/pdf
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