PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%.
A formative evaluation of Picture-Based Insurance (PBI) conducted in 2016-2017 provided evidence to insurance and advisory service providers that PBI is a feasible and economically viable tool to provide affordable crop insurance to poor smallholder farmers, and reducing basis risk relative to weath...
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| Format: | Case Study |
| Language: | Inglés |
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2017
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| Online Access: | https://hdl.handle.net/10568/121643 |
| _version_ | 1855527983110946816 |
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| author | CGIAR Research Program on Policies, Institutions, and Markets |
| author_browse | CGIAR Research Program on Policies, Institutions, and Markets |
| author_facet | CGIAR Research Program on Policies, Institutions, and Markets |
| author_sort | CGIAR Research Program on Policies, Institutions, and Markets |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | A formative evaluation of Picture-Based Insurance (PBI) conducted in 2016-2017 provided evidence to insurance and advisory service providers that PBI is a feasible and economically viable tool to provide affordable crop insurance to poor smallholder farmers, and reducing basis risk relative to weather index-based insurance. The findings led HDFC to offer PBI during the next season at a significantly lower premium. Further, this new product was leveraged by CABI and BKC WeatherSys to offer complementary advisory services around risk management. |
| format | Case Study |
| id | CGSpace121643 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| record_format | dspace |
| spelling | CGSpace1216432023-03-14T13:27:45Z PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%. CGIAR Research Program on Policies, Institutions, and Markets research farmers evaluation management risk management insurance risk services design weather crop insurance advisory services products smallholder farmers case studies agrifood systems rural development A formative evaluation of Picture-Based Insurance (PBI) conducted in 2016-2017 provided evidence to insurance and advisory service providers that PBI is a feasible and economically viable tool to provide affordable crop insurance to poor smallholder farmers, and reducing basis risk relative to weather index-based insurance. The findings led HDFC to offer PBI during the next season at a significantly lower premium. Further, this new product was leveraged by CABI and BKC WeatherSys to offer complementary advisory services around risk management. 2017-12-31 2022-09-12T12:01:33Z 2022-09-12T12:01:33Z Case Study https://hdl.handle.net/10568/121643 en Open Access application/pdf CGIAR Research Program on Policies, Institutions, and Markets. 2017. PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%.. Reported in Policies, Institutions, and Markets Annual Report 2017. Outcome Impact Case Report. |
| spellingShingle | research farmers evaluation management risk management insurance risk services design weather crop insurance advisory services products smallholder farmers case studies agrifood systems rural development CGIAR Research Program on Policies, Institutions, and Markets PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%. |
| title | PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%. |
| title_full | PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%. |
| title_fullStr | PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%. |
| title_full_unstemmed | PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%. |
| title_short | PIM-funded research in Haryana, India, informed the design of innovative picture-based insurance products, reducing insurance premiums by approximately 50%. |
| title_sort | pim funded research in haryana india informed the design of innovative picture based insurance products reducing insurance premiums by approximately 50 |
| topic | research farmers evaluation management risk management insurance risk services design weather crop insurance advisory services products smallholder farmers case studies agrifood systems rural development |
| url | https://hdl.handle.net/10568/121643 |
| work_keys_str_mv | AT cgiarresearchprogramonpoliciesinstitutionsandmarkets pimfundedresearchinharyanaindiainformedthedesignofinnovativepicturebasedinsuranceproductsreducinginsurancepremiumsbyapproximately50 |