Articles | Volume 21, issue 8
https://doi.org/10.5194/nhess-21-2379-2021
© Author(s) 2021. This work is distributed under
the Creative Commons Attribution 4.0 License.
the Creative Commons Attribution 4.0 License.
Special issue:
https://doi.org/10.5194/nhess-21-2379-2021
© Author(s) 2021. This work is distributed under
the Creative Commons Attribution 4.0 License.
the Creative Commons Attribution 4.0 License.
The potential of machine learning for weather index insurance
Luigi Cesarini
CORRESPONDING AUTHOR
Department of Science, Technology and Society, Scuola Universitaria Superiore IUSS Pavia, Pavia, 27100, Italy
Rui Figueiredo
CONSTRUCT-LESE, Faculty of Engineering, University of Porto, 4200-465 Porto, Portugal
Beatrice Monteleone
Department of Science, Technology and Society, Scuola Universitaria Superiore IUSS Pavia, Pavia, 27100, Italy
Mario L. V. Martina
Department of Science, Technology and Society, Scuola Universitaria Superiore IUSS Pavia, Pavia, 27100, Italy
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Cited
16 citations as recorded by crossref.
- Developing stage-specific drought vulnerability curves for maize: The case study of the Po River basin B. Monteleone et al. 10.1016/j.agwat.2022.107713
- Assessing the impact of sowing dates and ENSO in a drought index-based insurance for soybean D. Perondi et al. 10.1016/j.crm.2023.100544
- Sustainable Geoinformatic Approaches to Insurance for Small-Scale Farmers in Colombia A. Abd Rabuh et al. 10.3390/su16125104
- Assessment of climate impact on grape productivity: A new application for bioclimatic indices in Italy L. Massano et al. 10.1016/j.scitotenv.2023.167134
- Evaluating Sustainability Improvement of Pressure Regime in Water Distribution Systems Due to Network Partitioning I. Borzì 10.3390/w14111787
- Estimations of Crop Losses Due to Flood Using Multiple Sources of Information and Models: The Case Study of the Panaro River B. Monteleone et al. 10.3390/w15111980
- Data-driven approaches to built environment flood resilience: A scientometric and critical review P. Rathnasiri et al. 10.1016/j.aei.2023.102085
- Modelling the response of wheat yield to stage-specific water stress in the Po Plain B. Monteleone et al. 10.1016/j.agwat.2023.108444
- Navigating Flood Resilience: Challenges, Solutions, and Lessons Learnt from the Dominican Republic H. Reynoso Vanderhorst et al. 10.3390/w16030382
- Big data, risk classification, and privacy in insurance markets M. Eling et al. 10.1057/s10713-024-00098-5
- Sustainability risk in insurance companies: A machine learning analysis F. Oquendo‐Torres & M. Segovia‐Vargas 10.1111/1758-5899.13440
- The Role of Data-Driven Methodologies in Weather Index Insurance L. Hernández-Rojas et al. 10.3390/app13084785
- Evolution of research on climate risk insurance: A bibliometric analysis from 1975 to 2022 Y. Lin et al. 10.1016/j.accre.2023.08.003
- Index-based insurance to mitigate current and future extreme events financial losses for water utilities G. Gesualdo et al. 10.1016/j.ijdrr.2023.104218
- Comparison of deep learning models for milk production forecasting at national scale L. Cesarini et al. 10.1016/j.compag.2024.108933
- Where and how machine learning plays a role in climate finance research A. Alonso-Robisco et al. 10.1080/20430795.2024.2370325
16 citations as recorded by crossref.
- Developing stage-specific drought vulnerability curves for maize: The case study of the Po River basin B. Monteleone et al. 10.1016/j.agwat.2022.107713
- Assessing the impact of sowing dates and ENSO in a drought index-based insurance for soybean D. Perondi et al. 10.1016/j.crm.2023.100544
- Sustainable Geoinformatic Approaches to Insurance for Small-Scale Farmers in Colombia A. Abd Rabuh et al. 10.3390/su16125104
- Assessment of climate impact on grape productivity: A new application for bioclimatic indices in Italy L. Massano et al. 10.1016/j.scitotenv.2023.167134
- Evaluating Sustainability Improvement of Pressure Regime in Water Distribution Systems Due to Network Partitioning I. Borzì 10.3390/w14111787
- Estimations of Crop Losses Due to Flood Using Multiple Sources of Information and Models: The Case Study of the Panaro River B. Monteleone et al. 10.3390/w15111980
- Data-driven approaches to built environment flood resilience: A scientometric and critical review P. Rathnasiri et al. 10.1016/j.aei.2023.102085
- Modelling the response of wheat yield to stage-specific water stress in the Po Plain B. Monteleone et al. 10.1016/j.agwat.2023.108444
- Navigating Flood Resilience: Challenges, Solutions, and Lessons Learnt from the Dominican Republic H. Reynoso Vanderhorst et al. 10.3390/w16030382
- Big data, risk classification, and privacy in insurance markets M. Eling et al. 10.1057/s10713-024-00098-5
- Sustainability risk in insurance companies: A machine learning analysis F. Oquendo‐Torres & M. Segovia‐Vargas 10.1111/1758-5899.13440
- The Role of Data-Driven Methodologies in Weather Index Insurance L. Hernández-Rojas et al. 10.3390/app13084785
- Evolution of research on climate risk insurance: A bibliometric analysis from 1975 to 2022 Y. Lin et al. 10.1016/j.accre.2023.08.003
- Index-based insurance to mitigate current and future extreme events financial losses for water utilities G. Gesualdo et al. 10.1016/j.ijdrr.2023.104218
- Comparison of deep learning models for milk production forecasting at national scale L. Cesarini et al. 10.1016/j.compag.2024.108933
- Where and how machine learning plays a role in climate finance research A. Alonso-Robisco et al. 10.1080/20430795.2024.2370325
Latest update: 20 Nov 2024
Short summary
Weather index insurance is an innovative program used to manage the risk associated with natural disasters, providing instantaneous financial support to the insured party. This paper proposes a methodology that exploits the power of machine learning to identify extreme events for which a payout from the insurance could be delivered. The improvements achieved using these algorithms are an encouraging step forward in the promotion and implementation of this insurance instrument.
Weather index insurance is an innovative program used to manage the risk associated with natural...
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