De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions
• Climate change has led to increased production risks especially for smallholder farmers who often tend to be more vulnerable • Sub-Saharan Africa (SSA) has several climate change hotspots and is more vulnerable to weather shocks compared to other regions. • >363 million people affected by drou...
| Main Authors: | , , , , |
|---|---|
| Format: | Ponencia |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2023
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/134742 |
| _version_ | 1855528959155896320 |
|---|---|
| author | Waweru, Carol Kramer, Berber Cecchi, Francesco Kivuva, Benjamin Waithaka, Lilian |
| author_browse | Cecchi, Francesco Kivuva, Benjamin Kramer, Berber Waithaka, Lilian Waweru, Carol |
| author_facet | Waweru, Carol Kramer, Berber Cecchi, Francesco Kivuva, Benjamin Waithaka, Lilian |
| author_sort | Waweru, Carol |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | • Climate change has led to increased production risks especially for smallholder farmers who often tend to be more vulnerable
• Sub-Saharan Africa (SSA) has several climate change hotspots and is more vulnerable to weather shocks compared to other regions.
• >363 million people affected by drought between 1980-2014 causing > US$31 billion in losses – with 19 billion in East Africa (FAO, 2015)
• Agricultural insurance is a risk management tool for extreme weather events; however, its coverage remains lowest in SSA (Hess and Hazell, 2016).
• Ex post – insurance payouts help coping with losses
• Ex ante – risk reduction can increase investments in agriculture
• However, traditional indemnity-based insurance is characterized by high transaction costs and information asymmetry problems
• Index-based insurance to address these challenges is plagued by high basis risk |
| format | Ponencia |
| id | CGSpace134742 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1347422025-11-06T06:36:16Z De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions Waweru, Carol Kramer, Berber Cecchi, Francesco Kivuva, Benjamin Waithaka, Lilian climate change smallholders shocks agricultural insurance inputs • Climate change has led to increased production risks especially for smallholder farmers who often tend to be more vulnerable • Sub-Saharan Africa (SSA) has several climate change hotspots and is more vulnerable to weather shocks compared to other regions. • >363 million people affected by drought between 1980-2014 causing > US$31 billion in losses – with 19 billion in East Africa (FAO, 2015) • Agricultural insurance is a risk management tool for extreme weather events; however, its coverage remains lowest in SSA (Hess and Hazell, 2016). • Ex post – insurance payouts help coping with losses • Ex ante – risk reduction can increase investments in agriculture • However, traditional indemnity-based insurance is characterized by high transaction costs and information asymmetry problems • Index-based insurance to address these challenges is plagued by high basis risk 2023-04-27 2023-11-27T18:10:41Z 2023-11-27T18:10:41Z Presentation https://hdl.handle.net/10568/134742 en Open Access application/pdf International Food Policy Research Institute Waweru, Carol; Kramer, Berber; Cecchi, Francesco; Kivuva, Benjamin; and Waithaka, Lilian. 2023. De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions. Presented at the 4th Kenya Think Tanks Symposium, 27th April 2023. https://hdl.handle.net/10568/134742 |
| spellingShingle | climate change smallholders shocks agricultural insurance inputs Waweru, Carol Kramer, Berber Cecchi, Francesco Kivuva, Benjamin Waithaka, Lilian De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions |
| title | De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions |
| title_full | De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions |
| title_fullStr | De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions |
| title_full_unstemmed | De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions |
| title_short | De-risking agriculture through crop insurance? Insights from an impact evaluation of novel insurance solutions |
| title_sort | de risking agriculture through crop insurance insights from an impact evaluation of novel insurance solutions |
| topic | climate change smallholders shocks agricultural insurance inputs |
| url | https://hdl.handle.net/10568/134742 |
| work_keys_str_mv | AT wawerucarol deriskingagriculturethroughcropinsuranceinsightsfromanimpactevaluationofnovelinsurancesolutions AT kramerberber deriskingagriculturethroughcropinsuranceinsightsfromanimpactevaluationofnovelinsurancesolutions AT cecchifrancesco deriskingagriculturethroughcropinsuranceinsightsfromanimpactevaluationofnovelinsurancesolutions AT kivuvabenjamin deriskingagriculturethroughcropinsuranceinsightsfromanimpactevaluationofnovelinsurancesolutions AT waithakalilian deriskingagriculturethroughcropinsuranceinsightsfromanimpactevaluationofnovelinsurancesolutions |