Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia
Agriculture in Ethiopia is almost entirely rainfed and highly prone to droughts and floods. Given that 85 percent of the population depends on smallholder agriculture, these weather shocks severely affect many Ethiopians. The high covariance of climatic risks, coupled with the lack of property to be...
| Autor principal: | |
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| Formato: | Brief |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2009
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| Acceso en línea: | https://hdl.handle.net/10568/161933 |
| _version_ | 1855517255241039872 |
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| author | Meherette, Eyob |
| author_browse | Meherette, Eyob |
| author_facet | Meherette, Eyob |
| author_sort | Meherette, Eyob |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Agriculture in Ethiopia is almost entirely rainfed and highly prone to droughts and floods. Given that 85 percent of the population depends on smallholder agriculture, these weather shocks severely affect many Ethiopians. The high covariance of climatic risks, coupled with the lack of property to be attached as collateral, makes it difficult for cooperatives, microfinance organizations, or banks to provide financial services to smallholder farmers unless they have some insurance/reinsurance against this weather risk. These conditions in turn keep farming at a subsistence level, with low use of improved technology, low productivity, and low risk. Nyala Insurance S.C. is one of the leading private insurance companies in Ethiopia and provides a range of products, including both life insurance and general insurance. To help farmers protect themselves against droughts that significantly reduce crop yields, Nyala recently introduced crop insurance products. |
| format | Brief |
| id | CGSpace161933 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2009 |
| publishDateRange | 2009 |
| publishDateSort | 2009 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1619332025-11-06T04:22:58Z Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia Meherette, Eyob agriculture drought floods smallholders risk productivity crop insurance products Agriculture in Ethiopia is almost entirely rainfed and highly prone to droughts and floods. Given that 85 percent of the population depends on smallholder agriculture, these weather shocks severely affect many Ethiopians. The high covariance of climatic risks, coupled with the lack of property to be attached as collateral, makes it difficult for cooperatives, microfinance organizations, or banks to provide financial services to smallholder farmers unless they have some insurance/reinsurance against this weather risk. These conditions in turn keep farming at a subsistence level, with low use of improved technology, low productivity, and low risk. Nyala Insurance S.C. is one of the leading private insurance companies in Ethiopia and provides a range of products, including both life insurance and general insurance. To help farmers protect themselves against droughts that significantly reduce crop yields, Nyala recently introduced crop insurance products. 2009 2024-11-21T09:59:36Z 2024-11-21T09:59:36Z Brief https://hdl.handle.net/10568/161933 en Open Access application/pdf International Food Policy Research Institute Meherette, Eyob. 2009. Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia. 2020 Vision Focus Brief 17(8). https://hdl.handle.net/10568/161933 |
| spellingShingle | agriculture drought floods smallholders risk productivity crop insurance products Meherette, Eyob Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia |
| title | Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia |
| title_full | Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia |
| title_fullStr | Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia |
| title_full_unstemmed | Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia |
| title_short | Innovations in insuring the poor: Providing weather index and indemnity insurance in Ethiopia |
| title_sort | innovations in insuring the poor providing weather index and indemnity insurance in ethiopia |
| topic | agriculture drought floods smallholders risk productivity crop insurance products |
| url | https://hdl.handle.net/10568/161933 |
| work_keys_str_mv | AT meheretteeyob innovationsininsuringthepoorprovidingweatherindexandindemnityinsuranceinethiopia |