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Scoping report: Current status of index-based insurance in Bangladesh

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  • Ahmed, T.

Abstract

With current and anticipated increases in magnitude of extreme weather events and a declining consistency in weather patterns, particularly challenging for agriculture, there has been a growing interest in weather index-based insurance (IBI) schemes in Bangladesh. A number of weather index-based insurance products have already been tested and applied across Asia and Africa, with varying degrees of success, as a mechanism to improve livelihood security by enabling vulnerable populations to transfer risk associated with climate change, extreme weather events and other hazards. In the process, these efforts have generated important new knowledge on how these schemes can be designed and implemented for optimal results. However, the practice of index-based insurance is still limited in Bangladesh, and the experience and knowledge generated by the different stakeholders involved needs to be better communicated.

Suggested Citation

  • Ahmed, T., 2013. "Scoping report: Current status of index-based insurance in Bangladesh," Monographs, The WorldFish Center, number 40289, April.
    • Handle: RePEc:wfi:wfbook:40289
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    File URL: http://hdl.handle.net/20.500.12348/806
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    References listed on IDEAS

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    1. Clarke, Danielle & Das, Narayan C. & de Nicola, Francesca & Hill, Ruth Vargas & Kumar, Neha & Mehta, Parendi, 2012. "The value of customized insurance for farmers in rural Bangladesh:," IFPRI discussion papers 1202, International Food Policy Research Institute (IFPRI).
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    Cited by:

    1. Afriyie-Kraft, Lydia & Zabel, Astrid & Damnyag, Lawrence, 2020. "Index-based weather insurance for perennial crops: A case study on insurance supply and demand for cocoa farmers in Ghana," World Development Perspectives, Elsevier, vol. 20(C).
    2. Geneva List & Oliver T. Coomes, 2017. "Natural hazards and risk in rice cultivation along the upper Amazon River," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 87(1), pages 165-184, May.

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    More about this item

    Keywords

    AAS; Aquatic Agricultural Systems; Climate change; Insurance; Bangladesh;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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