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Index Insurance and Climate Risk: Prospects for Development and Disaster Management

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Publication date
10/06/2009
Number of Pages
123
Language:
English
Type of Publication:
Studies
Focus Region:
Global
Focus Topic:
Climate / Weather / Environment
Type of Risk:
Natural disasters
Weather & Climate related
Type of Risk Managment Option:
Risk coping
Risk reduction/mitigation
Commodity:
Crops
Author
M. E. Helmuth,; D. Osgood, Ulrich Hess, A. Moorhead, H. Bhojwani
Organization
The International Research Institute for Climate and Society (IRI)

This issue of Climate and Society examines the use of index insurance to help reduce vulnerability and poverty and adapt to climate change. Experience to date has been limited to individual case studies, which show promise of lessening the impacts of climate shocks and enabling investment and growth in the agriculture sector. But these case studies have also uncovered significant questions that must be answered in order to start implementing index insurance at a scale relevant to attaining meaningful development impacts.