STEP 4: Exploring DRM solutions
Exploring the most suitable DRM measures on strategic actions, objectives and institutional implications should be based on the previous steps. The measures should be an integral part of the agricultural sector’s development strategy across all stakeholders. This is especially important for insurance solutions as they are most successful when complementing other DRM mechanisms.
In line with the criteria applied for the DRM performance analysis, the following decision filter can be used for selecting the DRM mechanisms with the largest scope of use, and the largest potential to respond to the selected weather-related events (World Bank, 2016). If agricultural producers and/or SMEs undergo this process, their options would be limited in scope. Nevertheless, using the most appropriate combination of DRM mechanisms complemented by policy action by the government strengthens their resilience.
Guiding Questions and Tools
What are the most suitable DRM solutions that complement each other towards a consistent, comprehensive DRM strategy (according to the DRM performance analysis criteria)?
World Bank Assessment and Design for Adaptation to climate change (ADAPT): Software-based approach integrating climate databases for risk assessment at the planning and design stage with an emphasis on agriculture, irrigation and bio-diversity
EU Copernicus Climate Services: Climate analysis and projections for deciding on mitigation strategies in various sectors (including agriculture and insurance)
OECD (2012): Disaster Risk Assessment and Risk Financing − A G20/OECD Methodological Framework
World Bank (2016): Agricultural Sector Risk Assessment − Methodological Guidance for Practitioners. Agriculture Global Practice Discussion Paper 10
World Bank (2015): Agricultural Risk Management in the Face of Climate Change. Discussion Paper 09
World Bank (2017): Gender and Agricultural Risk − A Gendered Approach to Agricultural Risk Assessments and Management Strategies