78
P. Sagna et al.
the level at which climatic conditions are intolerable for plants, when they enter
a state of total water stress, known as the exit threshold (Shadreck et al. 2017).
These two thresholds are generally observed during different growing phases of
crops in the rainy season. When the trigger threshold is reached, minimum insurance
compensation is paid. The amount increases progressively to a maximum of 100%
when the meteorological status corresponds to the exit threshold.
Index climate insurance was introduced in 2011 in Ivory Coast, Burkina Faso, and
Senegal. In Benin, it existed from 2013 to 2015. Covered risks are generally limited
to sowing failure and lack of water during the different growing phases: vegetative,
flowering, and ripening. Two other phases can also be covered, either the beginning
or/and the end of the cropping season, as is the case with the satellite index (Table 3).
Between 2011 and 2017, payouts varied from one year to another depending on
weather conditions. The year with the most payouts was 2014 (Table 4).
Table 4 Index insurance statistics between 2011 and 2017 (PlaNet Guarantee)
Ivory Coast
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
242
850
1092
Premiums (Euros)
5 999
20 238 260236
Claims (Euros)
2 723
–
2 723
Claims ratio
45% (end 2016)
Benin
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
48
1 099 1 200
2 347
Premiums (Euros)
812
10 178 11 113
22 103
Claims (Euros)
811,8 6 879
7 691
Claims ratio
35% (end 2015)
Burkina Faso
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
194
1 340 2 332 8 298 5 565
7 476
4 080
29 091
Premiums (Euros) 3 615 16 859 55 615 95 684 48 714 36 104 25 282 278 256
Claims (Euros)
17 059 20 262 88 116 54 202 7 414
–
187 053
Claims ratio
74% (end 2016)
Senegal
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
60
2 326 5 660 8 962
12 957 14 247 44 212
Premiums (Euros)
1 615 43 170 92 031 189 496 294 581 337 445 958 339
Claims (Euros)
0
23 122 68 334 71 651 114 738 –
277 844
Claims ratio
45% (end 2016)
“–” means no data available
P. Sagna et al.
the level at which climatic conditions are intolerable for plants, when they enter
a state of total water stress, known as the exit threshold (Shadreck et al. 2017).
These two thresholds are generally observed during different growing phases of
crops in the rainy season. When the trigger threshold is reached, minimum insurance
compensation is paid. The amount increases progressively to a maximum of 100%
when the meteorological status corresponds to the exit threshold.
Index climate insurance was introduced in 2011 in Ivory Coast, Burkina Faso, and
Senegal. In Benin, it existed from 2013 to 2015. Covered risks are generally limited
to sowing failure and lack of water during the different growing phases: vegetative,
flowering, and ripening. Two other phases can also be covered, either the beginning
or/and the end of the cropping season, as is the case with the satellite index (Table 3).
Between 2011 and 2017, payouts varied from one year to another depending on
weather conditions. The year with the most payouts was 2014 (Table 4).
Table 4 Index insurance statistics between 2011 and 2017 (PlaNet Guarantee)
Ivory Coast
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
242
850
1092
Premiums (Euros)
5 999
20 238 260236
Claims (Euros)
2 723
–
2 723
Claims ratio
45% (end 2016)
Benin
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
48
1 099 1 200
2 347
Premiums (Euros)
812
10 178 11 113
22 103
Claims (Euros)
811,8 6 879
7 691
Claims ratio
35% (end 2015)
Burkina Faso
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
194
1 340 2 332 8 298 5 565
7 476
4 080
29 091
Premiums (Euros) 3 615 16 859 55 615 95 684 48 714 36 104 25 282 278 256
Claims (Euros)
17 059 20 262 88 116 54 202 7 414
–
187 053
Claims ratio
74% (end 2016)
Senegal
Years
2011 2012
2013
2014
2015
2016
2017
Total
Insured farmers
60
2 326 5 660 8 962
12 957 14 247 44 212
Premiums (Euros)
1 615 43 170 92 031 189 496 294 581 337 445 958 339
Claims (Euros)
0
23 122 68 334 71 651 114 738 –
277 844
Claims ratio
45% (end 2016)
“–” means no data available