Insight
Parametric insurance: A captivating solution
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
These results of a livestock mortality survey highlight some key implications for the design of valuable insurance for Georgian dairy farmers. We identified any differences in mortality rates of midsized to large dairy farms compared with smallholder farms. The information helps address the unique risk management needs of midsized to large farms, as well as those with higher-value cows. Our report discusses these key findings:
Insight
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
Mortality of dairy cows in Georgia: Understanding death and risk management in the Kakheti region
Farmers who tap key risk management tools, such as dairy insurance, could see increased resiliency, sustainability and profitability.