Upcoming Expert Forum: Shedding light into the black box of index insurance models

Monday, April 10, 2017

The Microinsurance Network's next Expert Forum "Understanding climate change and vegetation indices for risk reduction, risk adaptation and risk transfer" aims to shed light into the “black box” of index insurance models. Taking place online on May 4 at 3pm CET, the online event will focus on the incorporation of weather risks in crop yields, taking into account the changes in sea surface temperatures, wind patterns and rainfall. The Forum, featuring a range of experts from Illinois State University, will be of particular interest to microinsurance entities and consultants, but also of relevance to academics and researchers.

Global food security, threatened by climate change, is one of the most important challenges of the 21st Century: How to supply sufficient food for a growing population, while sustaining the already stressed environment? Climate change has already had significant impacts on water resources, food security, hydropower and human health worldwide, and especially within the African continent.

Climate models need to be integrated with other modelling approaches to predict climate vulnerability and climate parameters such as rainfall and temperature. If researchers take into account some of the effects of uncertainty in their predictive models, it will be possible to obtain more accurate predictions regarding climate change impacts on crop productivity. This would then, in turn, enable the design of adaptive solutions such as the adoption of more drought resilient crops, improved irrigation techniques (risk reduction), and or the transfer of remaining risks to the insurance industry.

Find out more and register for this Expert Forum


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