The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance

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dc.creatorCeballos, Francisco
dc.creatorKramer, Berber
dc.creatorRobles, Miguel
dc.date2018-12-12
dc.date2024-06-21T09:05:18Z
dc.date2024-06-21T09:05:18Z
dc.date.accessioned2026-06-27T15:24:01Z
dc.descriptionThis paper describes and tests the feasibility of Picture-Based Crop Insurance (PBI), a new way to deliver affordable and easy-to-understand insurance. Under PBI, loss assessments are based on damage visible from a time-series of pictures taken by the farmer using regular smartphones. PBI aims at boosting uptake, trust, and understanding of insurance by reducing basis risk as well as costs of—and delays in—loss assessment, and by engaging farmers to participate directly, with one’s own pictures being more tangible than other indices. Results from a pilot implementation in the rice-wheat belt of India speak to PBI being a feasible and valuable alternative to existing insurance products. Damage is visible from smartphone pictures, farmers can take pictures of sufficient quality for loss assessment, and PBI helps reduce severe downside basis risk at minimal cost.
dc.identifierhttps://hdl.handle.net/10568/145896
dc.identifier.urihttp://hdl.handle.net/123456789/103234
dc.languageen
dc.publisherInternational Association of Agricultural Economists
dc.relationhttps://hdl.handle.net/10568/148110
dc.rightsOpen Access
dc.sourceCeballos, Francisco; Kramer, Berber; and Robles, Miguel. 2018. The feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance. Presented at the 2018 International Conference of Agricultural Economists, Vancouver, British Columbia, July 28-August 2, 2018. https://purl.umn.edu/277141
dc.subjectinsurance
dc.subjectrisk management
dc.subjectcrops
dc.subjectlosses
dc.subjectsocial protection
dc.subjectcapacity development
dc.subjectsmallholders
dc.subjectassessment
dc.subjectcrop insurance
dc.subjectphotography
dc.titleThe feasibility of picture-based crop insurance (PBI): Smartphone pictures for affordable crop insurance
dc.typeConference Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)