A Parametric Insurance Policy for Beekeepers and Honey Production
This study addresses #climate-induced decline in #honey production, a significant #risk for #beekeepers. A #parametricinsurance policy is discussed, using #weatherdata to trigger payouts for losses due to adverse conditions. The approach is evaluated using random forests, comparing beekeepers' losses to #insurance benefits under various weather #scenarios, alongside traditional methods. An #italian case example demonstrates pricing for different regions.