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RS technology for crop insurance

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Publication date
10/09/2013
Number of Pages
3
Language:
English
Type of Publication:
Working Papers & Briefs
Focus Region:
Global
Focus Topic:
Agricultural Value Chains / Agri-Businesses
Type of Risk Managment Option:
Risk transfer
Commodity:
Crops
Author
Dr Joachim Herbold
Organization
Munich Re Insurance Company

Despite advances in the use of remote sensing technology in the field of agriculture, data analysis & developing applications for agricultural risk management have proved to be more complex and expensive than anticipated. In recent decades, crop insurance systems have been designed and implemented in several countries. The most promising and sustainable approach is that of insurance systems within the framework of a public-private partnership between the state, the agricultural sector, and the (re) insurance industry (depicted as green and blue). It can be assumed that crop insurance systems will be developed and implemented as public-private partnerships more and more in developing economies. Advances in remote
sensing technology will certainly fuel this trend.