Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries
This research report presents the first comprehensive framework of business models in terms of developing, marketing and scaling Index-based flood insurance (IBFI). The report evaluated ten case studies on agricultural insurance schemes (macro, meso and micro levels), globally, to develop public-pri...
| Main Authors: | , , |
|---|---|
| Format: | Informe técnico |
| Language: | Inglés |
| Published: |
International Water Management Institute
2021
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/114748 |
| _version_ | 1855525422870036480 |
|---|---|
| author | Amarnath, Giriraj Malik, Ravinder Paul Singh Taron, Avinandan |
| author_browse | Amarnath, Giriraj Malik, Ravinder Paul Singh Taron, Avinandan |
| author_facet | Amarnath, Giriraj Malik, Ravinder Paul Singh Taron, Avinandan |
| author_sort | Amarnath, Giriraj |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This research report presents the first comprehensive framework of business models in terms of developing, marketing and scaling Index-based flood insurance (IBFI). The report evaluated ten case studies on agricultural insurance schemes (macro, meso and micro levels), globally, to develop public-private partnership business models for creating value (product development) and capturing value (product marketing). This report highlights four broad groups of interrelated factors that influence the uptake and scaling of agricultural insurance: (i) behavioral factors that influence farmers’ enthusiasm to invest in insurance; (ii) financial factors that stipulate governments’ willingness to provide financial support; (iii) legal and regulatory factors, which set ground rules for fair business and govern their adherence by stakeholders; and (iv) facilitating factors, including product design and development, business models, research and development, data availability, and awareness creation, which help ensure an efficient supply of insurance services. In summary, the report highlights the need for designing innovative IBFI and its potential benefits for uptake, and efforts for implementing IBFI as a potential risk transfer tool for comprehensive climate risk management among small-scale and marginal farmers. |
| format | Informe técnico |
| id | CGSpace114748 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | International Water Management Institute |
| publisherStr | International Water Management Institute |
| record_format | dspace |
| spelling | CGSpace1147482025-11-07T07:58:50Z Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries Amarnath, Giriraj Malik, Ravinder Paul Singh Taron, Avinandan flooding resilience agricultural insurance crop insurance livelihoods developing countries scaling disaster risk management risk transfer business models product development marketing public-private partnerships stakeholders state intervention financial institutions microfinance smallholders farmers awareness raising climate change satellite observation rivers rain flood damage crop losses compensation subsidies legal aspects economic aspects social aspects drought case studies This research report presents the first comprehensive framework of business models in terms of developing, marketing and scaling Index-based flood insurance (IBFI). The report evaluated ten case studies on agricultural insurance schemes (macro, meso and micro levels), globally, to develop public-private partnership business models for creating value (product development) and capturing value (product marketing). This report highlights four broad groups of interrelated factors that influence the uptake and scaling of agricultural insurance: (i) behavioral factors that influence farmers’ enthusiasm to invest in insurance; (ii) financial factors that stipulate governments’ willingness to provide financial support; (iii) legal and regulatory factors, which set ground rules for fair business and govern their adherence by stakeholders; and (iv) facilitating factors, including product design and development, business models, research and development, data availability, and awareness creation, which help ensure an efficient supply of insurance services. In summary, the report highlights the need for designing innovative IBFI and its potential benefits for uptake, and efforts for implementing IBFI as a potential risk transfer tool for comprehensive climate risk management among small-scale and marginal farmers. 2021 2021-08-24T16:33:25Z 2021-08-24T16:33:25Z Report https://hdl.handle.net/10568/114748 en Open Access application/pdf International Water Management Institute Amarnath, Giriraj; Malik, Ravinder Paul Singh; Taron, Avinandan. 2021. Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries. Colombo, Sri Lanka: International Water Management Institute (IWMI). 68p. (IWMI Research Report 180) [doi: https://doi.org/10.5337/2021.213] |
| spellingShingle | flooding resilience agricultural insurance crop insurance livelihoods developing countries scaling disaster risk management risk transfer business models product development marketing public-private partnerships stakeholders state intervention financial institutions microfinance smallholders farmers awareness raising climate change satellite observation rivers rain flood damage crop losses compensation subsidies legal aspects economic aspects social aspects drought case studies Amarnath, Giriraj Malik, Ravinder Paul Singh Taron, Avinandan Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries |
| title | Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries |
| title_full | Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries |
| title_fullStr | Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries |
| title_full_unstemmed | Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries |
| title_short | Scaling up Index-based Flood Insurance (IBFI) for agricultural resilience and flood-proofing livelihoods in developing countries |
| title_sort | scaling up index based flood insurance ibfi for agricultural resilience and flood proofing livelihoods in developing countries |
| topic | flooding resilience agricultural insurance crop insurance livelihoods developing countries scaling disaster risk management risk transfer business models product development marketing public-private partnerships stakeholders state intervention financial institutions microfinance smallholders farmers awareness raising climate change satellite observation rivers rain flood damage crop losses compensation subsidies legal aspects economic aspects social aspects drought case studies |
| url | https://hdl.handle.net/10568/114748 |
| work_keys_str_mv | AT amarnathgiriraj scalingupindexbasedfloodinsuranceibfiforagriculturalresilienceandfloodproofinglivelihoodsindevelopingcountries AT malikravinderpaulsingh scalingupindexbasedfloodinsuranceibfiforagriculturalresilienceandfloodproofinglivelihoodsindevelopingcountries AT taronavinandan scalingupindexbasedfloodinsuranceibfiforagriculturalresilienceandfloodproofinglivelihoodsindevelopingcountries |