Summary of Researches on Basis Risk in Weather Index Insurance
Agricultural weather index insurance overcomes the technology and management problems existing in traditional agricultural insurance, and can effectively transfer agricultural meteorological disasters risk, providing strong guarantee for farmers with small production scale and scattered land. Althou...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Society for Risk Analysis - China
2019-07-01
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| Series: | Journal of Risk Analysis and Crisis Response (JRACR) |
| Subjects: | |
| Online Access: | https://www.atlantis-press.com/article/125911759/view |
| _version_ | 1811323734932324352 |
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| author | Yueqin Wang Sijian Zhao |
| author_facet | Yueqin Wang Sijian Zhao |
| author_sort | Yueqin Wang |
| collection | DOAJ |
| description | Agricultural weather index insurance overcomes the technology and management problems existing in traditional agricultural insurance, and can effectively transfer agricultural meteorological disasters risk, providing strong guarantee for farmers with small production scale and scattered land. Although weather index insurance has many advantages, governments around the world have made a lot of efforts to expand the coverage, but farmers' demand is still not high. One of the reasons is basis risk. How to reduce it, and improve the operational efficiency of weather index insurance is an important issue that needs to be solved urgently. This paper has summarized researches on the theories and practices of weather index insurance at home and abroad, and systematically comments on the basis risk’s definition, formation mechanism, quantitative methods and management measures. In order to provide useful ideas and references for the development of China's weather index insurance and the future research on basis risk. |
| first_indexed | 2024-04-13T14:00:34Z |
| format | Article |
| id | doaj.art-0b62626061f2493d94918fccbd88c2cd |
| institution | Directory Open Access Journal |
| issn | 2210-8505 |
| language | English |
| last_indexed | 2024-04-13T14:00:34Z |
| publishDate | 2019-07-01 |
| publisher | Society for Risk Analysis - China |
| record_format | Article |
| series | Journal of Risk Analysis and Crisis Response (JRACR) |
| spelling | doaj.art-0b62626061f2493d94918fccbd88c2cd2022-12-22T02:44:03ZengSociety for Risk Analysis - ChinaJournal of Risk Analysis and Crisis Response (JRACR)2210-85052019-07-019210.2991/jracr.k.190703.007Summary of Researches on Basis Risk in Weather Index InsuranceYueqin WangSijian ZhaoAgricultural weather index insurance overcomes the technology and management problems existing in traditional agricultural insurance, and can effectively transfer agricultural meteorological disasters risk, providing strong guarantee for farmers with small production scale and scattered land. Although weather index insurance has many advantages, governments around the world have made a lot of efforts to expand the coverage, but farmers' demand is still not high. One of the reasons is basis risk. How to reduce it, and improve the operational efficiency of weather index insurance is an important issue that needs to be solved urgently. This paper has summarized researches on the theories and practices of weather index insurance at home and abroad, and systematically comments on the basis risk’s definition, formation mechanism, quantitative methods and management measures. In order to provide useful ideas and references for the development of China's weather index insurance and the future research on basis risk.https://www.atlantis-press.com/article/125911759/viewAgricultural Weather Index InsuranceBasis RiskFormation MechanismQuantitative MethodsRisk Management |
| spellingShingle | Yueqin Wang Sijian Zhao Summary of Researches on Basis Risk in Weather Index Insurance Journal of Risk Analysis and Crisis Response (JRACR) Agricultural Weather Index Insurance Basis Risk Formation Mechanism Quantitative Methods Risk Management |
| title | Summary of Researches on Basis Risk in Weather Index Insurance |
| title_full | Summary of Researches on Basis Risk in Weather Index Insurance |
| title_fullStr | Summary of Researches on Basis Risk in Weather Index Insurance |
| title_full_unstemmed | Summary of Researches on Basis Risk in Weather Index Insurance |
| title_short | Summary of Researches on Basis Risk in Weather Index Insurance |
| title_sort | summary of researches on basis risk in weather index insurance |
| topic | Agricultural Weather Index Insurance Basis Risk Formation Mechanism Quantitative Methods Risk Management |
| url | https://www.atlantis-press.com/article/125911759/view |
| work_keys_str_mv | AT yueqinwang summaryofresearchesonbasisriskinweatherindexinsurance AT sijianzhao summaryofresearchesonbasisriskinweatherindexinsurance |