Global disparities in agricultural climate index-based insurance research
Article
Article Title | Global disparities in agricultural climate index-based insurance research |
---|---|
ERA Journal ID | 200297 |
Article Category | Article |
Authors | Adeyinka, Adewuyi Ayodele (Author), Kath, Jarrod (Author), Nguyen-Huy, Thong (Author), Mushtaq, Shahbaz (Author), Souvignet, Maxime (Author), Range, Matthias (Author) and Barratt, Jonathan (Author) |
Journal Title | Climate Risk Management |
Journal Citation | 35, pp. 1-15 |
Article Number | 100394 |
Number of Pages | 15 |
Year | 2022 |
Place of Publication | Netherlands |
ISSN | 2212-0963 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.crm.2022.100394 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S2212096322000018 |
Abstract | Agricultural climate index-based-insurance (IBI) compensates farmers for losses from adverse climatic conditions. Using a systemic review, we show that research related to agricultural climate index-based-insurance efficacy and application is lacking in many climate and food security vulnerable countries. We concluded that there are countries with high climate and food insecurity risk based on several climate and food security indicators that lack agricultural climate index-based-insurance research that could help farmers in these countries. Research to date has also largely focused on cereal crops and drought, which only represent a fraction of the crops and climate risks that agricultural climate index-based-insurance could be beneficial in managing. Our paper provides evidence-based recommendations for countries that should be focused on to redress the current disparities in agricultural climate index-based-insurance research. |
Keywords | Agricultural risk; Climate adaptation; Climate finance; Climate risk insurance; Developing countries; Smallholder agriculture; Weather insurance |
ANZSRC Field of Research 2020 | 300210. Sustainable agricultural development |
380107. Financial economics | |
Byline Affiliations | Centre for Applied Climate Sciences |
SQNNSW Innovation Hub | |
United Nations University, Germany | |
German Society for International Cooperation, Germany | |
CelsiusPro, Australia | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q717w/global-disparities-in-agricultural-climate-index-based-insurance-research
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