Food Security

, Volume 2, Issue 4, pp 395–405 | Cite as

Drought insurance for agricultural development and food security in dryland areas

Original Paper

Abstract

This paper reviews the potential role for and experience with index based insurance for managing drought risks in agriculture and rural areas in the dry areas of developing countries. It argues that while index insurance is not a panacea for risk management, it could make important, market-based contributions in catalyzing sustainable safety nets and promoting agricultural growth. And though the private sector should be the main supplier, there are still important enabling and facilitating roles that need to be played by the public sector.

Keywords

Drought management Agricultural risk management Disaster risk management Index insurance Dry areas Agricultural insurance Food security 

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Copyright information

© Springer Science + Business Media B.V. & International Society for Plant Pathology 2010

Authors and Affiliations

  1. 1.School of Oriental and African StudiesLondon UniversityLondonUK
  2. 2.Centre for Environmental PolicyImperial College LondonLondonUK
  3. 3.World BankWashingtonUSA

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