Assessment of innovative approaches to flood risk management and financing in agriculture: the Thailand case study

Briefing Note:

This paper assesses how modern technologies such as flood modeling and remote sensing--which are widely used to support flood risk mapping, and flood detection, warning and control--could be harnessed to support the design of such flood insurance programs for rural clients. The findings are from the Muang Petchaboon District of the Petchaboon province in Thailand. Issues addressed: (i) flood risk in agriculture and challenges for agricultural flood insurance; (ii) key concepts and methodology for flood index insurance development; and (iii) results of flood index insurance development research in Thailand.