Assessment of insurance coverage and claims in rainfall related risks in processing tomato in Western Spain

Castañeda-Vera, Alba; Barrios, Laura; Garrido, Alberto; Mínguez, Inés

doi:10.1016/j.eja.2014.05.005

Cited by 4 publications

(2 citation statements)

References 5 publications

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“…Scholars (e.g., [11,12,13,14,15,16,17]) have paid attention to the study of theories and methods of weather index-based insurance design. For example, Skees et al designed the calculation method of the insurance payout, and divided the difference between the trigger index and the weather index and the lower limit of the trigger index to determine the corresponding rate [11].…”

Section: Research Summarymentioning

confidence: 99%

“…The standard unit of insurance has the same rate payment time, and farmers can choose to purchase the insurance according to the area of the crop [16]. Castaneda et al assessed the insurance coverage and claims in rainfall-related risks in processing tomato in Western Spain [17]. From the above reviews, it can be observed that most of the authors used historical distributions to estimate the models and calculate actuarially fair premiums.…”

Section: Research Summarymentioning

confidence: 99%

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Design of Temperature Insurance Index and Risk Zonation for Single-Season Rice in Response to High-Temperature and Low-Temperature Damage: A Case Study of Jiangsu Province, China

Guo

Jin

Tang

et al. 2019

IJERPH

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Disaster insurance is an important tool for achieving sustainable development in modern agriculture. However, in China, the design of such insurance indexes is far from sufficient. In this paper, the single-season rice in Jiangsu Province of China is taken as an example to design the high-temperature damage index in summer and the low-temperature damage index in autumn to construct the formula calculating the weather output and single-season rice yield reduction. The daily highest, lowest and average temperatures between 1999 and 2015 are selected as main variables for the temperature disaster index to quantitatively analyze the relationship between the temperature index and the yield reduction rate of the single-season rice. The temperature disaster index can be put into the relevant model to obtain the yield reduction rate of the year and determine whether to pay the indemnity. Then, the burn analysis is used to determine the insurance premium rate for all cities in Jiangsu Province under four-level deductibles, and the insurance premium rate can be used for the risk division of the Province. The research provides some insights for the design of agricultural weather insurance products, and the empirical results provide a reference for the design of similar single-season rice temperature index insurance products.

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Section: Research Summarymentioning

confidence: 99%

Section: Research Summarymentioning

confidence: 99%

Design of Temperature Insurance Index and Risk Zonation for Single-Season Rice in Response to High-Temperature and Low-Temperature Damage: A Case Study of Jiangsu Province, China

Guo

Jin

Tang

et al. 2019

IJERPH

View full text Add to dashboard Cite

show abstract

A framework for standardized calculation of weather indices in Germany

Möller

Doms

Gerstmann

et al. 2018

Theor Appl Climatol

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Impacts and synergies of weather index insurance and microcredit in rural areas: a systematic review

Li¹,

Aleksandrova²

2022

Environ. Res. Lett.

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Weather constitutes a major source of risks facing households in rural areas, which are being amplified under climate change. In this context, two main rural financial services, weather index insurance and microcredit, have been increasingly adopted by farmers worldwide. However, the understanding of the socioeconomic and ecological impacts of these rural finance schemes, including potential maladaptive outcomes, remains ambiguous. We review the recent literature on weather index insurance and microcredit for farmers and find that both rural financial services have positive economic impacts, though benefits to the poorest populations remain controversial. Moreover, their impacts on the ecological systems are less studied and are found to be mainly negative. In addition, considering that both financial instruments have strengths and limitations, we argue that combination schemes (e.g., a hybrid product) may generate positive synergistic effects on building socioeconomic resilience to climate risks in agricultural regions. However, this may also add new economic risk to local financial institutions. This comprehensive review provides a reference for the potential benefits and risks of agricultural ﬁnance innovations. Further studies on the ecological impacts of rural financial services and the synergistic effects of the combination on socioeconomic and ecosystem resilience in rural contexts are needed to fill the current research gap.

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Assessment of insurance coverage and claims in rainfall related risks in processing tomato in Western Spain

Cited by 4 publications

References 5 publications

Design of Temperature Insurance Index and Risk Zonation for Single-Season Rice in Response to High-Temperature and Low-Temperature Damage: A Case Study of Jiangsu Province, China

Design of Temperature Insurance Index and Risk Zonation for Single-Season Rice in Response to High-Temperature and Low-Temperature Damage: A Case Study of Jiangsu Province, China

A framework for standardized calculation of weather indices in Germany

Impacts and synergies of weather index insurance and microcredit in rural areas: a systematic review

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