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This paper examines climate change mitigation and adaptation from an insurance industry perspective, with particular reference to London and the USA. It illustrates how British insurers are increasingly shaping public policy and using new technology to manage the risks from climate change impacts and makes a plea for society to make more use of insurance expertise in future decision making. The industry is a “sleeping giant” much bigger and potentially more powerful than the fossil fuel industry in shaping the future through financial incentives and disincentives. The insurance industry has much to contribute, and increasingly would welcome a greater dialogue with the academic and political community. The paper has a “further reading” section, which includes two recent UN reports which illustrate the need for greater dialogue between experts in the USA and the UK. Hopefully this conference will help to create such a dialogue.
Impact of Climate Change on Crop Production Alexander J.B.Zehnder
“Food as food” is used effectively by the Office of Food for Peace (FFP) and its partners for a variety of food security objectives (prevention of malnutrition, food for education; food for work; general relief, etc). However, agriculture (AG) and natural resources management (NRM) programs thus far remain largely dependent on monetization: tools, seeds, and the salaries of extension officers are paid with cash, not food. Yet, and as discussed below, “food as food” can play a legitimate role in AG programs, and powerfully complement cash-based interventions in this sector.
EC approaches to Disaster Risk Reduction in Africa DevelopmentDG DevelopmentUnit B2 Unit –Policies for Sustainable Management of Natural Resources Presented by: Wim Olthof
Climate Change and Crop Insurance in the United States OECD-INEA-FAO Workshop on Agriculture and Adaptation to Climate Change June 2012
Full Publication Agricultural producers face a series of risks affecting the income and welfare of their households. These are mainly production risks related to: weather conditions, pests and diseases, market conditions etc. Consequently, the income stability of agricultural stakeholders can be also affected. In the last years the European Union is considering a possible integration of risk management in the Common Agricultural Policy and is analysing risk and crisis management strategies to provide an improved response to crises in the agricultural sector. This report makes a review of the...
The development of agriculture and the rural economy play a crucial role in China’s socioeconomic system. Agriculture insurance has become key in ensuring the growth of agriculture and stabilizing farmers’ income when faced with natural disasters. The focus of this article is the history of the development of Chinese agriculture insurance since the 1980s and the trial of a new agriculture insurance launched in 2007, the policy details implemented in selected provinces, and the operation models. Using results from an investigation and field survey conducted since 2007 in Hunan Province, this article analyzes the performance and effects of this agriculture insurance trial run from the perspectives of different participating stakeholders, and with an emphasis on the program’s four principles. The experience and lessons learned are summarized, followed by recommendations on how to ensure the smooth operation and sustainable development of this new agriculture insurance program.
Asia and the Pacific region has one of the highest exposures of any region in the world to natural hazards including typhoons, floods, landslides, droughts, earthquakes, volcanic eruptions and tsunamis. Weather-related risks, particularly hurricanes, flooding and drought, are a frequent occurrence and affect crop yields, livelihoods and assets, and the personal safety of vulnerable groups across the region. The frequency with which these disasters occur often taxes the ability of such groups to rebound quickly, increasing their risk of hunger and malnutrition. Low-cost agricultural insurance schemes are increasingly viewed as mechanisms for providing social protection to the increasing numbers of people affected by such risks and in helping to lessen the impacts they suffer owing to such shocks.
Insurance and Reinsurance for Natural Catastrophe Risk in Africa Date: November13-14, 2006 Agriculture and Weather Cover PPT Presentation
Agriculture remains a source of livelihood for almost half of humanity. It is also a source of growth for national economies and can be a provider of investment opportunities for the private sector. However, millions of poor people face prospects of tragic crop failure or livestock mortality when, as a result of climate change, rainfall patterns shift or extreme events such as drought and floods become more frequent. Agricultural insurance is key in assisting farmers, herders, and governments lessen the negative financial impact of these adverse natural events.