3541. Increasing Access to Affordable Agricultural Microinsurance in Sub-Saharan Africa
- Author:
- Brenden McKinney
- Publication Date:
- 01-2021
- Content Type:
- Policy Brief
- Institution:
- Institute for the Study of International Development, McGill University (ISID)
- Abstract:
- The effects of climate change are causing risk management to become an increasingly essential tool to help farmers anticipate and react to weather-related shocks like droughts and floods. When an efficient risk management system is implemented, it improves the standard of living of those who depend on farming, strengthens agricultural businesses, and supports investment; such a system can decrease the overall risk profiles of individuals and increase the confidence of farmers in their ability to take on risks that could improve their income. 1 While risk mitigation plays a key role in socio-economic development, the system must be affordable in order to successfully reduce poverty levels for those at the base of the economic pyramid.
- Topic:
- Agriculture, Climate Change, Development, and Microinsurance
- Political Geography:
- Africa and Sub-Saharan Africa