scholarly journals Parametric crop insurance against floods: The case of Bosnia and Herzegovina

2020 ◽  
Vol 65 (224) ◽  
pp. 83-100
Author(s):  
Bojan Baskot ◽  
Stanko Stanic
Keyword(s):  
Bosnia And Herzegovina ◽  
Crop Insurance ◽  
Risk Index ◽  
Index Insurance ◽  
Insurance Policy ◽  
Weather Index ◽  
Insurable Interest ◽  
Weather Risk ◽  
Flood Intensity ◽  
Actual Loss

The importance of risk management in agriculture is unquestionable. Farmers in Bosnia and Herzegovina face weather, product, and price and market risk. Index-based insurance products for agriculture present alternatives for managing weather risk. They differ from classical insurance products in that they do not remunerate actual loss and to purchase a weather index insurance policy the insured does not actually have to have an insurable interest. In this research, two flood parametric insurance products are presented, one with fixed compensation and the other with compensation proportional to flood intensity.

Efficacy of weather index insurance for mitigation of weather risks in agriculture

2019 ◽  
Vol 35 (4) ◽  
pp. 584-616
Author(s):  
Pankaj Singh ◽  
Gaurav Agrawal
Keyword(s):  
Integrative Review ◽  
Index Insurance ◽  
Weather Index ◽  
Content Type ◽  
Body Of Knowledge ◽  
Weather Index Insurance ◽  
Weather Risk ◽  
Meta Analyses ◽  
Weather Risks ◽  
Made In

Purpose The purpose of this paper is to review research on weather index insurance (WII) for mitigating the weather risk in agriculture and to identify research gaps in current available literature through integrative review. Design/methodology/approach This paper is based on the integrative review method as proposed by Whittemore and Knafl. QualSysts tool was adopted for assessing the quality appraisal of articles. Reporting followed the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines. Findings Detailed critical analysis of content reveals that WII studies are growing and shifting from traditional to the newest themes. Efficacy of WII is significantly influenced by the impacts of climate change. This paper generates a conceptual framework by synthesizing the published literature on WII. Research limitations/implications This paper will be used to improve the WII practices and influence public policy. It is also beneficial in research by contributing to the systematic body of knowledge and useful for researchers to analyze the past and present status with future prospects of further studies on WII. Originality/value The paper is the original work of the author. To the best of authors’ knowledge, this is the first paper on integrative review on the efficacy of WII. An attempt has been made in the current paper to critically examine the studies of WII.

scholarly journals Contrasting Influences of Seasonal and Intra-Seasonal Hydroclimatic Variabilities on the Irrigated Rice Paddies of Northern Peninsular Malaysia for Weather Index Insurance Design

2021 ◽  
Vol 13 (9) ◽  
pp. 5207
Author(s):  
Zed Zulkafli ◽  
Farrah Melissa Muharam ◽  
Nurfarhana Raffar ◽  
Amirparsa Jajarmizadeh ◽  
Mukhtar Jibril Abdi ◽  
...  
Keyword(s):  
Pearson Correlation ◽  
Extreme Rainfall ◽  
Peninsular Malaysia ◽  
Coefficient Of Determination ◽  
Index Insurance ◽  
Weather Index ◽  
Basis Risk ◽  
Insurance Contracts ◽  
Weather Index Insurance ◽  
Streamflow Statistics

Good index selection is key to minimising basis risk in weather index insurance design. However, interannual, seasonal, and intra-seasonal hydroclimatic variabilities pose challenges in identifying robust proxies for crop losses. In this study, we systematically investigated 574 hydroclimatic indices for their relationships with yield in Malaysia’s irrigated double planting system, using the Muda rice granary as a case study. The responses of seasonal rice yields to seasonal and monthly averages and to extreme rainfall, temperature, and streamflow statistics from 16 years’ observations were examined by using correlation analysis and linear regression. We found that the minimum temperature during the crop flowering to the maturity phase governed yield in the drier off-season (season 1, March to July, Pearson correlation, r = +0.87; coefficient of determination, R2 = 74%). In contrast, the average streamflow during the crop maturity phase regulated yield in the main planting season (season 2, September to January, r = +0.82, R2 = 67%). During the respective periods, these indices were at their lowest in the seasons. Based on these findings, we recommend temperature- and water-supply-based indices as the foundations for developing insurance contracts for the rice system in northern Peninsular Malaysia.

scholarly journals Farmers’ Demand for Informal Risk Management Strategy and Weather Index Insurance: Evidence from China

2021 ◽  
Author(s):  
Yingmei Tang ◽  
Huifang Cai ◽  
Rongmao Liu
Keyword(s):  
Risk Management ◽  
Field Experiments ◽  
Management Strategies ◽  
Insurance Companies ◽  
Index Insurance ◽  
Insurance Demand ◽  
Weather Index ◽  
Weather Index Insurance ◽  
Risk Management Strategies ◽  
The Government

AbstractIn the absence of formal risk management strategies, agricultural production in China is highly vulnerable to climate change. In this study, field experiments were conducted with 344 households in Heilongjiang (Northeast China) and Jiangsu (East China) Provinces. Probit and logistic models and independent sample T-test were used to explore farmers’ demand for weather index insurance, in contrast to informal risk management strategies, and the main factors that affect demand. The results show that the farmers prefer weather index insurance to informal risk management strategies, and farmers’ characteristics have significant impacts on their adoption of risk management strategies. The variables non-agricultural labor ratio, farmers’ risk perception, education, and agricultural insurance purchase experience significantly affect farmers’ weather index insurance demand. The regression results show that the farmers’ weather index insurance demand and the influencing factors in the two provinces are different. Farmers in Heilongjiang Province have a higher participation rate than those in Jiangsu Province. The government should conduct more weather index insurance pilot programs to help farmers understand the mechanism, and insurance companies should provide more types of weather index insurance to meet farmers’ diversified needs.

scholarly journals Element contents and health risk assessment in wild edible mushrooms of Bosnia and Herzegovina

2021 ◽  
Author(s):  
Mirsada Salihovic ◽  
Mirha Pazalja ◽  
Aida Šapčanin ◽  
Biljana P. Dojčinović ◽  
Selma Špirtović-Halilović
Keyword(s):  
Bosnia And Herzegovina ◽  
Inductively Coupled Plasma ◽  
Hazard Quotient ◽  
Risk Index ◽  
Essential Elements ◽  
Edible Mushrooms ◽  
Emission Spectrometry ◽  
Target Hazard Quotient ◽  
Wild Edible Mushrooms ◽  
Potential Health

The content of macro- and microelements in dry samples of mushrooms of the species Macrolepiota procera, Boletus edulis and Cantharellus cibarius, collected at different areas in Bosnia and Herzegovina, was determined using the ICP-OES method (inductively coupled plasma optical emission spectrometry). Of the macroelements, K is the most represented, followed by S, P, Mg, and the least represented Ca and Na. Zn is the most represented of the essential microelements, followed by Fe, Se, Cu, Mn and Co. Al is the most abundant of the other trace elements followed by Ni and Cr. Of the toxic metals, the most represented is Cd, followed by Pb and As. There are differences in the concentration of micro- and macroelements in the mushrooms analysed, depending on the area from which they were collected because natural geology and geochemistry influence the content of macro- and microelements in wild edible mushrooms. The results show that the analysed mushrooms can be considered a good source of essential elements. The study also assessed potential health risks of heavy metals and the target hazard quotient (THQ) for As, Cd, Pb, Cu, Zn, Ni and Cr in the analysed mushrooms was lower than the safe level. The carcinogenic risk index revealed that Cd and Ni are the most prevalent pollutants in the mushrooms studied.  

scholarly journals POSSIBILITY OF WEATHER-INDEX INSURANCE FOR CLIMATE CHANGE ADAPTATION IN NORTHEAST THAILAND

2017 ◽  
Vol 73 (5) ◽  
pp. I_377-I_383 ◽  
Author(s):  
Koshi YOSHIDA ◽  
Koki HOMMA ◽  
Masayasu MAKI ◽  
Keigo NODA ◽  
Hiroaki SHIRAKAWA ◽  
...  
Keyword(s):  
Climate Change ◽  
Climate Change Adaptation ◽  
Index Insurance ◽  
Northeast Thailand ◽  
Weather Index ◽  
Weather Index Insurance

scholarly journals Improving the Socio-Economic Lot of Farmers in Thailand through Area-Yield Rice Crop Insurance at District Level

2021 ◽  
Vol 18 ◽  
pp. 284-292
Author(s):  
Krittiya Duangmanee
Keyword(s):  
Cluster Analysis ◽  
Crop Insurance ◽  
District Level ◽  
Local Context ◽  
Practical Implementation ◽  
Insurance Policy ◽  
Basis Risk ◽  
North Eastern ◽  
The World ◽  
Crop Area

Thai farmers face various risks associated with natural disasters, adversely affecting their income. Such events appear to be increasing each year in Thailand, which is one of the world leaders for harvested area of rice. Despite this, its yields are lower than various nations with a considerably smaller crop area. With a view to helping farmers to manage the relevant risks and so improve their socio-economic lot, there is a real need to adopt an agricultural financial tool called 'area-yield crop insurance'. Therefore, on the basis that area selection is the first key step towards introducing this type of policy at district level, this paper aims to group together similar districts. Hence the author conducted a cluster analysis of districts in six provinces in north-eastern Thailand. The results reveal differences between rice cultivation in the districts studied but also certain similarities, with the characteristics of some districts in a given province resembling those of districts in one or more other provinces. As a result, five groups of similar districts are mooted. These clusters, each having their own features, provide a powerful and useful mechanism for practical implementation, enabling the expected premium rates to be tailored better to the local context and mitigating a specific drawback, namely the basis risk of a prospective area-based crop insurance policy for the designated area.

Quantifying spatial basis risk for weather index insurance

2012 ◽  
Vol 14 (1) ◽  
pp. 20-34 ◽  
Author(s):  
Michael T. Norton ◽  
Calum Turvey ◽  
Daniel Osgood
Keyword(s):  
Index Insurance ◽  
Weather Index ◽  
Basis Risk ◽  
Weather Index Insurance
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