2005 · 107 citations · 0 references
BusinessInsuranceRisk ManagementAgricultural InsuranceFood PolicyFood SecurityAgricultural Risk ManagementDrought InsuranceDrought Risk ReductionFood Security PolicyInsurance PolicyRisk Management PolicyAgricultural Insurance PolicyDisaster Risk InsuranceDrought Insurance PolicyEx Ante Risk AssessmentExtreme Weather InsuranceExtreme Weather RiskWeather Risk AssessmentWeather-related Risk
The main purpose of this report is to conceptualize an ex-ante risk management framework for weather risk in the Southern African Development Community (SADC) region. The report lays out an overall food security policy context and analyzes the role of weather risk management techniques for food security at the national level, taking Malawi as a case study, and the regional level for the entire SADC region. The paper sets the context for improving food security and reducing poverty, introduces the one instrument of weather-based insurance, and notes two scenarios how weather insurance could be used as part of a wider national drought risk management strategy by Malawi, namely budget insurance and a weather shock safety net.