Index insurance and climate risk management: Addressing social equity

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cg.contributor.affiliationUniversity of Readingen
cg.contributor.affiliationColumbia Universityen
cg.contributor.affiliationInternational Maize and Wheat Improvement Centeren
cg.contributor.affiliationCGIAR Research Program on Climate Change, Agriculture and Food Securityen
cg.contributor.affiliationInternational Livestock Research Instituteen
cg.contributor.crpClimate Change, Agriculture and Food Security
cg.coverage.regionAfrica
cg.coverage.regionEastern Africa
cg.creator.identifierEleanor Fisher: 0000-0001-6042-6706
cg.creator.identifierJon Hellin: 0000-0002-2686-8065
cg.creator.identifierNathaniel Jensen: 0000-0002-2946-5771
cg.identifier.doihttps://doi.org/10.1111/dpr.12387en
cg.identifier.projectCCAFS: PII-FP4_IndexInsurance
cg.isijournalISI Journalen
cg.issn1467-7679en
cg.issue5en
cg.journalDevelopment Policy Reviewen
cg.reviewStatusPeer Reviewen
cg.subject.ccafsCLIMATE SERVICES AND SAFETY NETSen
cg.volume37en
dc.contributor.authorFisher, Eleanoren
dc.contributor.authorHellin, Jonathanen
dc.contributor.authorGreatrex, Helenen
dc.contributor.authorJensen, Nathaniel D.en
dc.date.accessioned2018-06-06T12:48:56Zen
dc.date.available2018-06-06T12:48:56Zen
dc.identifier.urihttps://hdl.handle.net/10568/93075
dc.titleIndex insurance and climate risk management: Addressing social equityen
dcterms.abstractMotivation Fair distribution of benefits from index insurance matters. Lack of attention to social equity can reinforce inequalities and undermine the potential index insurance holds as a tool for climate risk management that is also pro‐poor. Purpose The aims are to: (i) examine social equity concerns raised by index insurance in the context of climate risk management; (ii) consider how greater attention can be given to social equity in index insurance initiatives; and (iii) reflect on the policy challenges raised by taking social equity into account as a mechanism for climate risk reduction. Approach and methods The article draws on learning from the CGIAR's Research Program on Climate Change, Agriculture and Food Security (CCAFS) and presents the cases of the Index Based Livelihoods Insurance (IBLI) and Agriculture and Climate Risk Enterprise Ltd. (ACRE) in East Africa. It proposes a framework for unpacking social equity related to equitable access, procedures, representation and distribution within index insurance schemes. Findings Systematically addressing social equity raises hard policy choices for index insurance initiatives without straightforward solutions. Attention to how benefits and burdens of index insurance are distributed raises the unpalateable truth for development policy that the poorest members of rural society can be excluded. Nevertheless, a focus on social equity may open up opportunities to ensure index insurance is linked to more socially just climate risk management. At the very least, it may prevent index insurance from generating greater inequality. Taking social equity into account, thus, shifts the focus from agricultural systems in transition per se to systems with potential to incorporate societal transformation through distributive justice. Policy implications A framework is presented for unpacking different dimensions of social equity in index insurance schemes. It is intended to facilitate identification of opportunities for building outcomes that are more equitable, with greater potential for inclusion and fairer distribution of benefits related to index insurance.en
dcterms.accessRightsOpen Access
dcterms.audienceScientistsen
dcterms.available2019-05-27
dcterms.bibliographicCitationFisher E, Hellin J, Greatrex H, Jensen N. 2018. Index insurance and climate risk management: Addressing social equity. Development Policy Review.en
dcterms.extentpp. 581-602en
dcterms.issued2019-09
dcterms.languageen
dcterms.licenseCC-BY-NC-ND-4.0
dcterms.publisherWileyen
dcterms.subjectclimate changeen
dcterms.subjectagricultureen
dcterms.subjectfood securityen
dcterms.typeJournal Article

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