Increasing crop insurances adoption in developing countries
Wednesday, December 5, 2018 - 09:45
in Mathematics & Economics
Farmers in developing countries often rely heavily on their yearly harvest to feed their families. A bad crop can have severe consequences for their livelihood. Despite the significant advantages crop insurance offers in alleviating this risk, only a small percentage of farmers insure their crops. A simple but effective solution tested by researchers from the University of Zurich has increased insurance adoption to over 70 percent.