“Climate Cost of Cultivation”: A New Crop Index Method to Quantify Farmers’ Cost of Climate Change Exemplified in Rural India

Jangle, Nihar; Mehra, Mamta; Dror, David M.

doi:10.1057/gpp.2016.6

Cited by 5 publications

(3 citation statements)

References 64 publications

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“…For example, the American Association of Insurance Supervisors and Advocate of Highway and Vehicle Safety support telecommuting and increasing public transport funding to reduce energy consumption and greenhouse gas emissions. Insurance companies in Massachusetts offer extra benefits to consumers who use public transport [ 33 ]. If consumers buy a bus card for 11 months and use their personal car for no more than 10 days per month, they can enjoy a 10% premium discount.…”

Section: International Practice Of Insurance Mechanism In Dealing mentioning

confidence: 99%

Better Understanding Insurance Mechanism in Dealing with Climate Change Risk, with Special Reference to China

Kong

Sun

2021

IJERPH

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Climate change risk has become an important challenge for global sustainable development. The insurance industry can play an important role in coping with the increasingly severe climate change risk. This paper first describes the increasing climate change risk and the difficulties of the insurance mechanism in dealing with it. Then this paper summarizes the international practice of using the insurance mechanism to deal with climate change risk from ten different aspects. Based on the summary of the role of the insurance mechanism in dealing with this risk in developing countries, this paper puts forward the main application areas for climate change risk insurance and discusses the policy implications of developing climate change risk insurance in China.

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Section: International Practice Of Insurance Mechanism In Dealing mentioning

confidence: 99%

Better Understanding Insurance Mechanism in Dealing with Climate Change Risk, with Special Reference to China

Kong

Sun

2021

IJERPH

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“…However, considering that most of the insured cannot distinguish between a global pandemic and a general infectious disease, it is very easy to have disputes when settling claims [38,39]. If all infectious diseases are included in the insurance design, it is easier for the insured to understand, but such risk will be triggered more frequently, so a higher rate support is needed [40][41][42].…”

Section: Contents and Disaster Types Of Infectious Disease Insurancementioning

confidence: 99%

How to Understand the Role of Insurance Mechanism in a Global Pandemic?

Kong

2021

IJERPH

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The COVID-19 epidemic has seriously affected global economic and social development. The extent to which insurance can play a role in preventing and transferring the risk of infectious diseases has become one of the major concerns of the community. This paper first analyzes the main contents of the U.S. Pandemic Risk Insurance Act during the COVID-19 epidemic and its insights to the global audiences. Then, on the basis of the definition of global pandemic, this paper analyzes the great challenges faced by the insurability of the infectious diseases’ catastrophe from the regional impact, risk accumulation, correlation with capital markets, and accuracy of catastrophe model, and the insurability of local infectious diseases. Finally, this paper presents the key points of the top-level design of the risk transfer mechanism of infectious disease insurance in China. This paper is informative in understanding the role of insurance in the risk transfer of infectious diseases.

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“…In addition, in the event of a high base risk, index insurance no longer makes it possible to mobilize additional investments to improve the technology (Carter et al 2014). Technological (Jangle, Mehra, and Dror 2016), contractual (Elabed et al 2013) and institutional (Ibarra and Mahul 2004;De Janvry, McIntosh, and Sadoulet 2015) solutions to reduce basic risk have already been proposed.…”

Section: Related Literaturementioning

confidence: 99%

Real Options and Reduction of Basic Risk of Index‐Based Climate Agricultural Insurance

Fur¹,

Outreville²

2020

Applied Eco Perspectives Pol

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This article is a discussion of the concept of index-based agricultural insurance and the possible role of real options to reduce the basic risk. Indeed, to address the consequences of variability of weather within climate, experiments based on indexed agricultural insurance have been implemented in recent years. However, this locally defined insurance scheme has a weak point called the basic risk, i.e., the difference between the reality of climatic shocks and the payment of compensation. Real options allow this gap to be filled by offering alternatives to farmers. This article is the first to discuss the use of real options in the basic risk management of indexbased climate agricultural insurance. The implications for farmers in developing countries, insurers, and local and institutional organizations and communities are important: better management of operating conditions, optimized financial management, and consideration of real climatic conditions.

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“Climate Cost of Cultivation”: A New Crop Index Method to Quantify Farmers’ Cost of Climate Change Exemplified in Rural India

Cited by 5 publications

References 64 publications

Better Understanding Insurance Mechanism in Dealing with Climate Change Risk, with Special Reference to China

Better Understanding Insurance Mechanism in Dealing with Climate Change Risk, with Special Reference to China

How to Understand the Role of Insurance Mechanism in a Global Pandemic?

Real Options and Reduction of Basic Risk of Index‐Based Climate Agricultural Insurance

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