The feasibility of Picture-Based Insurance (PBI): Smartphone pictures for affordable crop insurance

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dc.creatorCeballos, Francisco
dc.creatorKramer, Berber
dc.creatorRobles, Miguel
dc.date2019-06-05
dc.date2024-06-21T09:05:18Z
dc.date2024-06-21T09:05:18Z
dc.date.accessioned2026-06-27T15:42:19Z
dc.descriptionSmallholder farmers are increasingly exposed to weather extremes but lack access to affordable insurance products for catastrophic crop damage. This paper analyzes the feasibility of Picture-Based Insurance (PBI) as a low-cost tool to improve coverage. PBI verifies insurance claims using smartphone pictures of insured plots, taken by farmers themselves, to minimize asymmetric information and costs of claims verification, while reducing basis risk compared to index-based insurance. A pilot implementation in the rice-wheat belt of India speaks to PBI being a feasible and valuable innovation to reduce downside basis risk in index insurance: nearly two-thirds of trained farmers took at least four pictures (roughly one per growth stage), which was considered sufficient for loss assessment; severe damage was visible from smartphone pictures in 71 percent of affected sites; and this was a significant improvement over alternative index-based products, which identified severe damage in at most 34 percent of affected sites.
dc.identifierhttps://hdl.handle.net/10568/145898
dc.identifier.urihttp://hdl.handle.net/123456789/112289
dc.languageen
dc.publisherElsevier
dc.relationhttps://hdl.handle.net/10568/145897
dc.relationhttps://doi.org/10.2499/p15738coll2.134751
dc.relationhttps://doi.org/10.2499/p15738coll2.134046
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://hdl.handle.net/10568/148110
dc.relationhttps://doi.org/10.2499/p15738coll2.133534
dc.relationhttps://doi.org/10.2499/p15738coll2.134938
dc.relationhttps://doi.org/10.22004/ag.econ.277141
dc.relationhttps://doi.org/10.1088/1748-9326/ab5ebb
dc.relationhttps://doi.org/10.3390/rs13050924
dc.relationhttps://doi.org/10.23846/TW13FE11
dc.rightsOpen Access
dc.sourceCeballos, Francisco; Kramer, Berber; and Robles, Miguel. 2019. The feasibility of Picture-Based Insurance (PBI): Smartphone pictures for affordable crop insurance. Development Engineering 4: 100042. https://doi.org/10.1016/j.deveng.2019.100042
dc.subjectinnovation
dc.subjectinsurance
dc.subjecttechnology
dc.subjectcapacity development
dc.subjectcrop insurance
dc.subjectmobile equipment
dc.subjectrisk
dc.titleThe feasibility of Picture-Based Insurance (PBI): Smartphone pictures for affordable crop insurance
dc.typeJournal Article

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)