V.A. (Victor) Ogurtsov: "Catastrophic Risks and Insurance in Farm-level Decision Making"

  News
  Newsroom
  Archive
  Calendar
  2012
  2011
  2010
  2009
  2008
  2007
  2006
  2005
  2004
  2003
  2002
  2001
  2000
  1999
  News
  RSS
  Calendar
  Open days
  Courses
  Congresses and symposia
  PhD-graduations and speeches

22 Feb 2008 16:00
Unit: Wageningen University
Location: Aula, building 362, Gen. Foulkesweg 1, Wageningen
Organisation: Wageningen University
Promotor: prof.dr.ir. R.B.M. Huirne ()
Co Promotor: Dr.ir. M.A.P.M. van Asseldonk

 Experiencing catastrophic risks can cause severe cash flow problems or even result in bankruptcy. To cope with catastrophes farmers need to apply risk management strategies. Insurance is a frequently used instrument to cover catastrophic risk, however not all farmers buy insurance. Therefore the impact of factors influencing purchase of catastrophe insurance needs to be evaluated. These factors are farmer personal and farm characteristics. The main farmer personal characteristics affecting catastrophe insurance decisions are the farmer’s personal risk perception and risk attitude.

The research objectives are:
  • To describe methods that analyse risk perception and risk attitude to model decisions to cope with catastrophes;
  • To analyse actual purchase of all-risk insurance and specific types of insurance;
  • To analyse relationship between purchase of catastrophe insurance and risk perception and risk attitude;
  • Modelling the economic impact of catastrophes;
  • Modelling purchases of catastrophe insurance in a partial and whole-farm context.
Print this activity

More on this subject