Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence
Innovations in agricultural index insurance have raised expectations that the private sector can overcome shortcomings associated with more traditional indemnity-based products like multiperil crop insurance and strengthen agricultural risk management at scale across developing countries. This artic...
| Autores principales: | , , , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Annual Reviews
2022
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| Acceso en línea: | https://hdl.handle.net/10568/141296 |
| _version_ | 1855514320996139008 |
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| author | Kramer, Berber Hazell, Peter B. R. Alderman, Harold Ceballos, Francisco Kumar, Neha Timu, Anne G. |
| author_browse | Alderman, Harold Ceballos, Francisco Hazell, Peter B. R. Kramer, Berber Kumar, Neha Timu, Anne G. |
| author_facet | Kramer, Berber Hazell, Peter B. R. Alderman, Harold Ceballos, Francisco Kumar, Neha Timu, Anne G. |
| author_sort | Kramer, Berber |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Innovations in agricultural index insurance have raised expectations that the private sector can overcome shortcomings associated with more traditional indemnity-based products like multiperil crop insurance and strengthen agricultural risk management at scale across developing countries. This article updates previous reviews on agricultural insurance but differs in that it goes beyond the prognosis that recent innovations can help make insurance more commercially viable. As such, it addresses two important challenges that have received limited attention. First, it distinguishes different types of farm households and recognizes that many are excluded from the insurance market, describing additional innovations that can help make insurance more accessible to these excluded groups. Second, it acknowledges that insurance for catastrophic risks is unaffordable for most farmers and summarizes new developments in disaster assistance and safety net programs that can provide broader protection against these risks. The review concludes that cost-benefit analyses of subsidized insurance programs will be crucial for guiding public spending decisions. |
| format | Journal Article |
| id | CGSpace141296 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | Annual Reviews |
| publisherStr | Annual Reviews |
| record_format | dspace |
| spelling | CGSpace1412962025-10-26T13:02:06Z Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence Kramer, Berber Hazell, Peter B. R. Alderman, Harold Ceballos, Francisco Kumar, Neha Timu, Anne G. insurance innovation disaster relief technology agricultural insurance literature reviews developing countries social safety nets Innovations in agricultural index insurance have raised expectations that the private sector can overcome shortcomings associated with more traditional indemnity-based products like multiperil crop insurance and strengthen agricultural risk management at scale across developing countries. This article updates previous reviews on agricultural insurance but differs in that it goes beyond the prognosis that recent innovations can help make insurance more commercially viable. As such, it addresses two important challenges that have received limited attention. First, it distinguishes different types of farm households and recognizes that many are excluded from the insurance market, describing additional innovations that can help make insurance more accessible to these excluded groups. Second, it acknowledges that insurance for catastrophic risks is unaffordable for most farmers and summarizes new developments in disaster assistance and safety net programs that can provide broader protection against these risks. The review concludes that cost-benefit analyses of subsidized insurance programs will be crucial for guiding public spending decisions. 2022-10-05 2024-04-12T13:37:38Z 2024-04-12T13:37:38Z Journal Article https://hdl.handle.net/10568/141296 en https://doi.org/10.2499/p15738coll2.134751 https://hdl.handle.net/10568/117797 https://doi.org/10.2499/p15738coll2.134903 https://pim.cgiar.org/2021/10/01/innovations-in-agricultural-insurance-lessons-learnt-about-managing-smallholder-farmer-risks/ Limited Access Annual Reviews Kramer, Berber; Hazell, Peter; Alderman, Harold; Ceballos, Francisco; Kumar, Neha; and Timu, Anne G. 2022. Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence. Annual Review of Resource Economics 14 (2022): 291-311. https://doi.org/10.1146/annurev-resource-111220-014147 |
| spellingShingle | insurance innovation disaster relief technology agricultural insurance literature reviews developing countries social safety nets Kramer, Berber Hazell, Peter B. R. Alderman, Harold Ceballos, Francisco Kumar, Neha Timu, Anne G. Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence |
| title | Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence |
| title_full | Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence |
| title_fullStr | Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence |
| title_full_unstemmed | Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence |
| title_short | Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence |
| title_sort | is agricultural insurance fulfilling its promise for the developing world a review of recent evidence |
| topic | insurance innovation disaster relief technology agricultural insurance literature reviews developing countries social safety nets |
| url | https://hdl.handle.net/10568/141296 |
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