IDEAS home Printed from https://ideas.repec.org/p/fpr/ifprid/2057.html
   My bibliography  Save this paper

Is agricultural insurance fulfilling its promise for the developing world?

Author

Listed:
  • Kramer, Berber
  • Hazell, Peter
  • Alderman, Harold
  • Ceballos, Francisco
  • Kumar, Neha
  • Timu, Anne G.

Abstract

Agricultural insurance has attracted considerable interest in recent years. Innovations in agricultural index insurance have raised expectations that the private sector can overcome shortcomings associated with more traditional indemnity-based products like multi-peril crop insurance, and contribute to strengthen agricultural risk management at scale across developing countries. This paper updates previous reviews on agricultural insurance but differs in that it goes beyond the prognosis that recent innovations can help make insurance more commercially viable. As such, it addresses two important challenges that have received limited attention. First, it distinguishes different types of farm households and recognizes that many are excluded from the insurance market, describing additional innovations that can help make insurance more accessible to these excluded groups. Second, it acknowledges that insurance for catastrophic risks is unaffordable for most farmers and summarizes new developments in disaster assistance and safety net programs that can provide broader protection against these risks.

Suggested Citation

  • Kramer, Berber & Hazell, Peter & Alderman, Harold & Ceballos, Francisco & Kumar, Neha & Timu, Anne G., 2021. "Is agricultural insurance fulfilling its promise for the developing world?," IFPRI discussion papers 2057, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:2057
    as

    Download full text from publisher

    File URL: https://ebrary.ifpri.org/cdm/ref/collection/p15738coll2/id/134751
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    agricultural insurance; technology; innovation; social safety nets; disasters; literature reviews; technological innovations; disaster assistance;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fpr:ifprid:2057. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/ifprius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.