Is agricultural insurance fulfilling its promise for the developing world?

dc.creatorKramer, Berber
dc.creatorHazell, Peter B. R.
dc.creatorAlderman, Harold
dc.creatorCeballos, Francisco
dc.creatorKumar, Neha
dc.creatorTimu, Anne G.
dc.date2021-11-16
dc.date2024-05-22T12:13:44Z
dc.date2024-05-22T12:13:44Z
dc.date.accessioned2026-06-27T15:30:35Z
dc.descriptionAgricultural 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.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/143380
dc.identifier.urihttp://hdl.handle.net/123456789/106477
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://doi.org/10.1016/j.deveng.2019.100042
dc.relationhttps://doi.org/10.1016/j.agrformet.2018.11.002
dc.relationhttps://doi.org/10.3390/rs13050924
dc.relationhttps://doi.org/10.1080/00036846.2019.1613502
dc.relationhttps://doi.org/10.1146/annurev-resource-111220-014147
dc.relationhttps://doi.org/10.2499/p15738coll2.134917
dc.relationhttps://doi.org/10.2499/p15738coll2.134941
dc.relationhttps://doi.org/10.2499/p15738coll2.134958
dc.relationhttps://pim.cgiar.org/2021/10/01/innovations-in-agricultural-insurance-lessons-learnt-about-managing-smallholder-farmer-risks/
dc.rightsOpen Access
dc.sourceKramer, Berber; Hazell, Peter; Alderman, Harold; Ceballos, Francisco; Kumar, Neha; and Timu, Anne G. 2021. Is agricultural insurance fulfilling its promise for the developing world? IFPRI Discussion Paper 2057. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.134751.
dc.subjectinnovation
dc.subjectdisasters
dc.subjecttechnology
dc.subjectagricultural insurance
dc.subjectliterature reviews
dc.subjectdisaster assistance
dc.subjectsocial safety nets
dc.titleIs agricultural insurance fulfilling its promise for the developing world?
dc.typeWorking Paper

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