Global disparities in agricultural climate index-based insurance research

Adeyinka, Adewuyi Ayodele ORCID: https://orcid.org/0000-0001-9668-220X and Kath, Jarrod ORCID: https://orcid.org/0000-0003-2391-1264 and Nguyen-Huy, Thong ORCID: https://orcid.org/0000-0002-2201-6666 and Mushtaq, Shahbaz and Souvignet, Maxime and Range, Matthias and Barratt, Jonathan (2022) Global disparities in agricultural climate index-based insurance research. Climate Risk Management, 35:100394. pp. 1-15.

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Abstract

Agricultural climate index-based-insurance (IBI) compensates farmers for losses from adverse climatic conditions. Using a systemic review, we show that research related to agricultural climate index-based-insurance efficacy and application is lacking in many climate and food security vulnerable countries. We concluded that there are countries with high climate and food insecurity risk based on several climate and food security indicators that lack agricultural climate index-based-insurance research that could help farmers in these countries. Research to date has also largely focused on cereal crops and drought, which only represent a fraction of the crops and climate risks that agricultural climate index-based-insurance could be beneficial in managing. Our paper provides evidence-based recommendations for countries that should be focused on to redress the current disparities in agricultural climate index-based-insurance research.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: Current - Institute for Life Sciences and the Environment - Future Drought Fund Hub (1 Jun 2021 - )
Faculty/School / Institute/Centre: Current - Institute for Life Sciences and the Environment - Centre for Applied Climate Sciences (1 Aug 2018 -)
Date Deposited: 21 Mar 2022 03:41
Last Modified: 21 Mar 2022 03:41
Uncontrolled Keywords: Agricultural risk; Climate adaptation; Climate finance; Climate risk insurance; Developing countries; Smallholder agriculture; Weather insurance
Fields of Research (2020): 30 AGRICULTURAL, VETERINARY AND FOOD SCIENCES > 3002 Agriculture, land and farm management > 300210 Sustainable agricultural development
38 ECONOMICS > 3801 Applied economics > 380107 Financial economics
Identification Number or DOI: https://doi.org/10.1016/j.crm.2022.100394
URI: http://eprints.usq.edu.au/id/eprint/47077

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