PICTURE-BASED INSURANCE

How can we foster wider policy impacts from research on agricultural insurance for smallholder farmers? Why are partnerships with private sector important?

A project in East Africa works with champion farmers to test how bundling picture-based insurance and stress-tolerant crop varieties could improve adoption.

Technology and data on farming conditions can help reduce exposure to risk. Fourth blog in the series in connection with the UN Climate Change Conference (COP25).

In order to better understand how CGIAR research can further contribute to the development, implementation, and evaluation of agricultural insurance programs, IFPRI in partnership with the CGIAR research programs on Policies, Institutions and Markets (PIM) and Climate Change, Agriculture, and Food Security (CCAFS), as well as the Cereal Systems Initiative for South Asia (CSISA) organized a regional dialogue in Dhaka, Bangladesh on December 17.

Millions of smallholder farmers around the world lack access to affordable insurance - their farms are often too small and too remote for insurers to economically verify damage. In collaboration with the private sector and the development community, researchers have been looking for alternative types of insurance that do not require insurance companies to verify damage on a case-by-case basis.