IPS Researcher Highlights the Effectiveness of Index-based Insurance to Manage Weather Risks
09 March 208
IPS Research Economist, Kanchana Wickramasinghe, recently highlighted the problems that farmers face due to uncertainties in the weather conditions in Sri Lanka. Based on a survey conducted by her in the Anuradhapura district, Ms. Wickramasinghe pointed out that borrowings from informal sources is the most common risk management strategy adopted by farmers. Agricultural credit is an important area that needs to be concerned along with agricultural insurance.
She made these remarks at the panel discussion on the “Effectiveness of Index-based Insurance as a Tool to Manage Weather Risks and Building Knowledge Network in Sri Lanka” at the technical workshop on Agricultural Insurance in Sri Lanka – Building Knowledge Network and Partnerships, organized by the International Water Management Institute (IWMI), in collaboration with Epic Lanka and Fairfirst Insurance, on the 09 March 2018 at IWMI, Battaramulla.