The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance
This paper describes and tests the feasibility of Picture-Based Crop Insurance (PBI), a new way to deliver affordable and easy-to-understand insurance. Under PBI, loss assessments are based on damage visible from a time-series of pictures taken by the farmer using regular smartphones. PBI aims at bo...
| Autores principales: | , , |
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| Formato: | Conference Paper |
| Lenguaje: | Inglés |
| Publicado: |
International Association of Agricultural Economists
2018
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/145896 |
| _version_ | 1855529862338445312 |
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| author | Ceballos, Francisco Kramer, Berber Robles, Miguel |
| author_browse | Ceballos, Francisco Kramer, Berber Robles, Miguel |
| author_facet | Ceballos, Francisco Kramer, Berber Robles, Miguel |
| author_sort | Ceballos, Francisco |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper describes and tests the feasibility of Picture-Based Crop Insurance (PBI), a new way to deliver affordable and easy-to-understand insurance. Under PBI, loss assessments are based on damage visible from a time-series of pictures taken by the farmer using regular smartphones. PBI aims at boosting uptake, trust, and understanding of insurance by reducing basis risk as well as costs of—and delays in—loss assessment, and by engaging farmers to participate directly, with one’s own pictures being more tangible than other indices. Results from a pilot implementation in the rice-wheat belt of India speak to PBI being a feasible and valuable alternative to existing insurance products. Damage is visible from smartphone pictures, farmers can take pictures of sufficient quality for loss assessment, and PBI helps reduce severe downside basis risk at minimal cost. |
| format | Conference Paper |
| id | CGSpace145896 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | International Association of Agricultural Economists |
| publisherStr | International Association of Agricultural Economists |
| record_format | dspace |
| spelling | CGSpace1458962025-02-24T06:49:24Z The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance Ceballos, Francisco Kramer, Berber Robles, Miguel insurance risk management crops losses social protection capacity development smallholders assessment crop insurance photography This paper describes and tests the feasibility of Picture-Based Crop Insurance (PBI), a new way to deliver affordable and easy-to-understand insurance. Under PBI, loss assessments are based on damage visible from a time-series of pictures taken by the farmer using regular smartphones. PBI aims at boosting uptake, trust, and understanding of insurance by reducing basis risk as well as costs of—and delays in—loss assessment, and by engaging farmers to participate directly, with one’s own pictures being more tangible than other indices. Results from a pilot implementation in the rice-wheat belt of India speak to PBI being a feasible and valuable alternative to existing insurance products. Damage is visible from smartphone pictures, farmers can take pictures of sufficient quality for loss assessment, and PBI helps reduce severe downside basis risk at minimal cost. 2018-12-12 2024-06-21T09:05:18Z 2024-06-21T09:05:18Z Conference Paper https://hdl.handle.net/10568/145896 en https://hdl.handle.net/10568/148110 Open Access International Association of Agricultural Economists Ceballos, Francisco; Kramer, Berber; and Robles, Miguel. 2018. The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance. Presented at the 2018 International Conference of Agricultural Economists, Vancouver, British Columbia, July 28-August 2, 2018. https://purl.umn.edu/277141 |
| spellingShingle | insurance risk management crops losses social protection capacity development smallholders assessment crop insurance photography Ceballos, Francisco Kramer, Berber Robles, Miguel The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance |
| title | The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance |
| title_full | The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance |
| title_fullStr | The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance |
| title_full_unstemmed | The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance |
| title_short | The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance |
| title_sort | feasibility of picture based crop insurance pbi smartphone pictures for affordable crop insurance |
| topic | insurance risk management crops losses social protection capacity development smallholders assessment crop insurance photography |
| url | https://hdl.handle.net/10568/145896 |
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