Drought insurance for agricultural development and food security in dryland areas

By P. Hazell, U. Hess. Food Security, 2010

122 citations recorded by the source corpus.

This paper reviews the potential role for and experience with index based insurance for managing drought risks in agriculture and rural areas in the dry areas of developing countries. It argues that while index insurance is not a panacea for risk management, it could make important, market-based contributions in catalyzing sustainable safety nets and promoting agricultural growth. And though the private sector should be the main supplier, there are still important enabling and facilitating roles that need to be played by the public sector.

Subfields: Economics and Econometrics, Sociology and Political Science, Soil Science

View Paper: https://www.semanticscholar.org/paper/2b4e0192bf9e88196544f375c3874823181cef7c

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Citations in the corpus

How Basis Risk and Spatiotemporal Adverse Selection Influence Demand for Index Insurance: Evidence from Northern Kenya (2014, background): “…promise, the uptake of index insurance in pilot programs worldwide has been generally low, and no examples demonstrating clear success with a demonstrable capacity for scalability or sustainability over the long run have appeared (Hazell & Hess 2010; Leblois & Quiron 2013; Smith & Watts 2010).”
Is There Too Much Hype about Index-based Agricultural Insurance? (2012, background): “…insurance has led to a wide variety of suggestions on how to resolve the problems of lack of demand, summarised in Hazell et al. (2010) and Hazell and Hess (2010): (i) create a real value to the insured; (ii) offer insurance as part of a wider package of services; (iii) build the capacity…”
Social Protection for Enhanced Food Security in Sub-Saharan Africa (2012, background): “Payments are triggered when total rainfall is less than a predefined threshold, and claims can be settled quickly, since no individual assessment is required (Hazell and Hess, 2010).”
Selling Formal Insurance to the Informally Insured (2012, background): “This paper contributes to the nascent experimental literature on constraints limiting the adoption of insurance products in developing countries (Giné et al., 2008; Cole et al., forthcoming; Giné and Yang, 2009; Cai et al., 2009; Hazell and Hess 2010; Dercon et al 2011; Cai et al. 2012).”