Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Resilience through risk management: cooperative insurance in small-holder aquaculture systems
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics.ORCID iD: 0000-0003-4454-474X
2018 (English)In: Heliyon, ISSN 2405-8440, Vol. 4, no 9, article id e00799Article in journal (Refereed) Published
Abstract [en]

Aquaculture is a booming industry. It currently supplies almost half of all fish and shellfish eaten today, and it continues to grow faster than any other food production sector. But it is immature relative to terrestrial crop and livestock sectors, and as a consequence it lags behind in terms of the use of aquaculture specific financial risk management tools. In particular, the use of insurance instruments to manage weather related losses is little used. In the aquaculture industry there is a need for new insurance products that achieve both financial gains, in terms of reduced production and revenue risk, and environmental wins, in terms of incentivizing improved management practices. Here, we have developed a cooperative form of indemnity insurance for application to small-holder aquaculture communities in developing nations. We use and advance the theory of risk pools, applying it to an aquaculture community in Myanmar, using empirical data recently collected from a comprehensive farm survey. These data were used to parameterize numerical simulations of this aquaculture system with and without a risk pool. Results highlight the benefits and costs of a risk pool, for various combinations of key parameters. This information reveals a path forward for creating new risk management products for aquaculturalists around the world. 

Place, publisher, year, edition, pages
Elsevier Ltd , 2018. Vol. 4, no 9, article id e00799
Keywords [en]
Agriculture, Economics, Environmental science
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-236711DOI: 10.1016/j.heliyon.2018.e00799ISI: 000446242500008Scopus ID: 2-s2.0-85053839742OAI: oai:DiVA.org:kth-236711DiVA, id: diva2:1259319
Note

Export Date: 22 October 2018; Article; Correspondence Address: Watson, J.R.; Oregon State University, College of Earth, Ocean and Atmospheric SciencesUnited States; email: jrwatson@coas.oregonstate.edu; Funding details: AID-482-LA-14-00003; Funding details: KVA, Royal Swedish Academy of Sciences; Funding details: GEO-1211972; Funding text: This work was supported by the NSF Dynamics of Coupled Natural-Human Systems project GEO-1211972 , the USAID Food Security Policy Project AID-482-LA-14-00003 , the Livelihoods and the Food Security Trust Fund Agrifood Value Chain Development in Myanmar project: Implications for Livelihoods of the Rural Poor and The Global Economic Dynamics and the Biosphere Programme at the Royal Swedish Academy of Sciences . QC 20181029

Available from: 2018-10-29 Created: 2018-10-29 Last updated: 2018-10-29Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records BETA

Armerin, Fredrik

Search in DiVA

By author/editor
Armerin, Fredrik
By organisation
Building and Real Estate Economics
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 19 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf