Parametric crop insurance / agricultural risk pool
Open brief114 · Parametric crop insurance / agricultural risk pool
Field Mutual is a fictional agricultural risk pool offering index-based drought and excess-rain cover for grain and horticulture groups. Trigger design, weather-station quality and basis risk are explained before premiums are quoted.
About / field note
Field Mutual is a fictional agricultural risk pool offering index-based drought and excess-rain cover for grain and horticulture groups. Trigger design, weather-station quality and basis risk are explained before premiums are quoted.
Reading room
Basis risk is the central trade-off in parametric cover. A working note from Field Mutual on the decisions hidden inside parametric crop insurance / agricultural risk pool. It connects the claim back to season cover and names where professional judgement or uncertainty remains.
A rainfall total can hide the week that mattered. A working note from Field Mutual on the decisions hidden inside parametric crop insurance / agricultural risk pool. It connects the claim back to station source, trigger curve, payout schedule, crop window and basis-risk disclosure and names where professional judgement or uncertainty remains.
Why station governance belongs in the policy wording. A working note from Field Mutual on the decisions hidden inside parametric crop insurance / agricultural risk pool. It connects the claim back to station source, trigger curve, payout schedule, crop window and basis-risk disclosure and names where professional judgement or uncertainty remains.
Offerings
Rainfall index cover is scoped through the season cover, with station source, trigger curve, payout schedule, crop window and basis-risk disclosure. The boundary, exclusions and handover evidence are stated before work begins.
Heat-window protection is scoped through the season cover, with station source, trigger curve, payout schedule, crop window and basis-risk disclosure. Capacity, constraints and decision ownership stay visible from intake to closeout.
Group policy design is scoped through the season cover, with station source, trigger curve, payout schedule, crop window and basis-risk disclosure. The boundary, exclusions and handover evidence are stated before work begins.
Station-quality review is scoped through the season cover, with station source, trigger curve, payout schedule, crop window and basis-risk disclosure. Capacity, constraints and decision ownership stay visible from intake to closeout.
Method / sequence
Define the crop window is the entry control point for a season cover. The team records station source, trigger curve, payout schedule, crop window and basis-risk disclosure so the next decision is made from an explicit state, not memory or assumption.
Test historical triggers is the next control point for a season cover. The team records station source, trigger curve, payout schedule, crop window and basis-risk disclosure so the next decision is made from an explicit state, not memory or assumption.
Price the curve is the next control point for a season cover. The team records station source, trigger curve, payout schedule, crop window and basis-risk disclosure so the next decision is made from an explicit state, not memory or assumption.
Publish measurements is the next control point for a season cover. The team records station source, trigger curve, payout schedule, crop window and basis-risk disclosure so the next decision is made from an explicit state, not memory or assumption.
Projects
Archive 1
Forty-three growers selected a two-stage rainfall trigger aligned to planting and flowering rather than one annual total.
Archive 2
A packhouse group created a heat-day payout for a narrow pre-harvest window tied to documented quality risk.
Archive 3
Three proposed farms were excluded until nearby station continuity improved; selling cover was not treated as more important than index quality.
People
Agricultural risk lead
Busi Mahlangu leads agricultural risk lead and owns the decisions that touch each season cover. The role is described by responsibility, not decorative biography.
Index modeller
Daniel Wei leads index modeller and owns the decisions that touch each season cover. The role is described by responsibility, not decorative biography.
Grower liaison
Pieter Fourie leads grower liaison and owns the decisions that touch each season cover. The role is described by responsibility, not decorative biography.
Evidence
3 days
fictional trigger-to-payment target
20 yrs
weather history used where available
0
field loss adjuster required for index payout
100%
basis risk disclosed before binding
Objections / answers
Next move
