Parametric crop insurance against floods: The case of Bosnia and Herzegovina

Q3 Economics, Econometrics and Finance

Economic Annals Pub Date : 2020-01-01 DOI:10.2298/eka2024083b

Bojan Baškot, Stanko Stanić

引用次数: 1

Abstract

The importance of risk man-agement in agriculture is unquestionable. Farmers in Bosnia and Herzegovina face weather, product, and price and market risk. Index-based insurance products for agriculture present alternatives for man-aging weather risk. They differ from clas-sical insurance products in that they do not remunerate actual loss and to purchase a weather index insurance policy the insured does not actually have to have an insurable interest. In this research, two flood para-metric insurance products are presented, one with fixed compensation and the other with compensation proportional to flood intensity.

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洪水参数作物保险:波斯尼亚和黑塞哥维那的案例

农业风险管理的重要性是毋庸置疑的。波斯尼亚和黑塞哥维那的农民面临天气、产品、价格和市场风险。基于指数的农业保险产品为管理天气风险提供了替代方案。天气指数与传统保险产品的不同之处在于，天气指数不补偿实际损失，购买天气指数保单的被保险人实际上并不需要具有可保利益。本研究提出了两种洪水参数保险产品，一种是固定补偿，另一种是与洪水强度成比例的补偿。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Annals Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.90

自引率

0.00%

发文量

审稿时长

18 weeks

期刊介绍： Economic Annals is an academic journal that has been published on a quarterly basis since 1955, initially under its Serbian name of Ekonomski anali (EconLit). Since 2006 it has been published exclusively in English. It is published by the Faculty of Economics, University of Belgrade, Serbia. The journal publishes research in all areas of economics. The Editorial Board welcomes contributions that explore economic issues in a comparative perspective with a focus on transition and emerging economies in Europe and around the world. The journal encourages the submission of original unpublished works, not under consideration by other journals or publications. All submitted papers undergo a double blind refereeing process. Authors are expected to follow standard publication procedures [Instructions to Authors], to recognise the values of the international academic community and to respect the journal’s Policy.