Can technological innovations help improve agricultural micro-insurance?
Agricultural insurance is essential for smallholder farmers, as plots of land are small and the consequences of crop diseases and climate change effects can be disastrous. Yeld loss and damage monitoring and verification can be long and laborious task, causing huge delays in settlements. Although new technologies have been applied, drones, micro-satellites, digital photography can help improve the monitoring of crops and yelds for smallholders and insurance companies. Remote sensing can be a key tool for farmers to prove their crop and harvest loss to insurance companies. At the same time,...