Insuring Water Supply in Irrigated Agriculture: A Proposal for Hydrological Drought Index-Based Insurance in Spain

Guerrero‐Baena, M. Dolores; Gómez‐Limón, José A.

doi:10.3390/w11040686

Cited by 12 publications

(5 citation statements)

References 48 publications

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“…This study further found that as income level increases, the participation of water conservation higher. Several studies have found a relationship between higher income levels and support for environmental causes and environmental behaviors [42][43][44]. However, it should be noted that this does not imply that higher income individuals are more environmentally concerned, just that they may have the time or resources available to commit to performing environmental behaviors.…”

Section: Relationship Of Demographic Features and Average Monthly Water Billsmentioning

confidence: 99%

Does the Household Save Water? Evidence from Behavioral Analysis

Hasan

Razali

2021

Sustainability

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Management of water supply in urban areas is a challenge that must be faced by water supply companies to ensure the continuity of domestic water supply to the residents in the area. Hence, this study aims to identify local people’s behavior and daily activities that led to domestic water wastage. Furthermore, the relationship between the demographic factors of the population trends in reducing water use through water savings in their daily activities or installing a home-saving water system is also undertaken. The data were analyzed and interpreted using IBM SPSS software such as descriptive analysis, covering frequencies, mean and standard deviation, correlation with bivariate correlation, cross-tabulation, and multivariate analysis (MANOVA). Availability and demand in water management will only be managed if water resources and water supply engineers address all the balance sides. It will ensure a more comprehensive and interconnected water sector, ensuring the security and sustainability of water.

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Section: Relationship Of Demographic Features and Average Monthly Water Billsmentioning

confidence: 99%

Does the Household Save Water? Evidence from Behavioral Analysis

Hasan

Razali

2021

Sustainability

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“…Insurance can support projects to improve water supply and sanitation, as well as sustainable irrigation methods with innovative products. For example, insurance based on the hydrological drought index-based insurance in Spain 38 and federal crop insurance for sustainable rice irrigation methods in the USA 39 show how insurance can manage the risks associated with water resources. These models not only encourage investments in the water sector but also promote sustainable practices.…”

Section: Role Of Insurance In Achieving Environmentally Sustainable D...mentioning

confidence: 99%

Insurance as an important factor of sustainable development

Tešić

2023

Tokovi osiguranja

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Considering contemporary global challenges, from the Covid-19 pandemic to economic instability, the concept of sustainability is becoming increasingly important. This paper explores the important role of insurance in achieving the Sustainable Development Goals (SDGs) on a global level. Focusing on a three-dimensional approach to sustainability that includes environmental, economic and social aspects, the paper analyzes how the insurance sector can contribute to sustainable development. The paper includes a comparative analysis exploring the correlation between the insurance penetration rate and the Sustainable Development Index (SDG Index) for selected countries. This analysis provides insight into how development of the insurance sector can affect a country's ability to achieve the SDGs. The paper also considers the impact of insurance on economic growth, social inclusion and environmental protection through various policies and services. The analysis points to the potential of insurance to be a catalyst for changes, encouraging sustainable initiatives at all levels - from individual households to companies and governments.

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“…Nonetheless, longer dry periods can cause shortages forcing operators to reduce capacity or even interrupt business. Water scarcity is a growing hazard, often related to hydrological droughts, and in most cases, requires hydrological modeling for predicting and forecasting water storage (Denaro et al, 2018;Gómez-Limón, 2020;Guerrero-Baena and Gómez-Limón, 2019;Mohor and Mendiondo, 2017).…”

Section: Hazard Identificationmentioning

confidence: 99%

Review article: Design and Evaluation of Weather Index Insurance for Multi-Hazard Resilience and Food Insecurity

Benso

Gesualdo²,

Silva³

et al. 2022

Preprint

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Abstract. The urgency of accelerating disaster risk resilience also promotes preferred systematic reviews of the methods for design and evaluation of risk transfer tools. This paper aims to provide a state-of-art weather index insurance design, thereby including methods for natural hazards’ indices calculation, vulnerability assessment and risk pricing. We applied the Preferred Reporting Items for Systematic reviews and Meta-Analyses (PRISMA) using the Scopus database. First, 364 peer-reviewed articles from 2010 to present were screened for a bibliometric analysis and then, the 34 most cited articles from the past five years were systematically analyzed. Our results demonstrate that despite a great research effort on index insurance, the majority of them focused on food insecurity through agricultural and crop insurance. Also, climate change and basis risks were found highly relevant for weather index insurance, but weakly developed, suggesting challenges around food insecurity. Special focus was given to drought hazards, while other hazards such as temperature variation, excessive rainfall and wildfires were slightly covered. Emerging areas, namely agricultural, hydrological, and sustainable index insurance found promissory for insurance. Also, current state-of-the-art lacks methods for incorporating multi-hazard risk evaluation in vulnerability assessment and risk pricing. Most studies considered only single-hazard risk, and the multi-hazard risk studies assumed independence between hazards. Thus, we summarized the most common methods for calculating indices, estimating losses using indices, pricing risks, and evaluating insurance index policies. This review promotes a starting point in weather index insurance design towards a multi-hazard resilient society.

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Insuring Water Supply in Irrigated Agriculture: A Proposal for Hydrological Drought Index-Based Insurance in Spain

Cited by 12 publications

References 48 publications

Does the Household Save Water? Evidence from Behavioral Analysis

Does the Household Save Water? Evidence from Behavioral Analysis

Insurance as an important factor of sustainable development

Review article: Design and Evaluation of Weather Index Insurance for Multi-Hazard Resilience and Food Insecurity

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