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Can Digital Savings, Credit, and Insurance Reshape Rural Microfinance? Share Article MILWAUKEE (PRWEB) March 09, 2021 The COVID-19 pandemic has brought to the fore a number of ways that society can use digital technologies to go about day-to-day life, including to use banking services without entering physical banks. While the pandemic has accelerated interest in using contactless technologies, even before the pandemic, the last two decades have seen dramatic increases in the use of mobile phones as well as satellite remote sensing, with wide-ranging implications for small scale financial services across the globe. For example, cell phone subscriptions have more than doubled and the number of and satellite launches have expanded over 20 times. What opportunities and dangers have such digital data unlocked? ....
Assessing regulatory fairness through machine learning eurekalert.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurekalert.org Daily Mail and Mail on Sunday newspapers.
Advances in modeling and sensors can help farmers and insurers manage risk Insurance Daily News News Reporter-Staff News Editor at Insurance Daily News When drought caused devastating crop losses in Malawi in 2015-2016, farmers in the southeastern African nation did not initially fear for the worst: the government had purchased insurance for such a calamity. But millions of farmers remained unpaid for months because the insurer’s model failed to detect the extent of the losses, and a subsequent model audit moved slowly. Quicker payments would have greatly reduced the shockwaves that rippled across the landlocked country. While the insurers fixed the issues resulting in that error, the incident remains a cautionary tale about the potential failures of agricultural index insurance, which seeks to help protect the livelihoods of millions of smallholder farmers across the globe. Recent advances in crop modeling and remote sensing - especially in the availabil ....
E-Mail IMAGE: A trial of drought-tolerant beans in 2016 in Malawi, during one of the worst droughts to hit the nation in three decades. view more Credit: Neil Palmer/International Center for Tropical Agriculture When drought caused devastating crop losses in Malawi in 2015-2016, farmers in the southeastern African nation did not initially fear for the worst: the government had purchased insurance for such a calamity. But millions of farmers remained unpaid for months because the insurer s model failed to detect the extent of the losses, and a subsequent model audit moved slowly. Quicker payments would have greatly reduced the shockwaves that rippled across the landlocked country. ....
New Research on Food Quality Inspection, Certification, and Disclosure Share Article MILWAUKEE (PRWEB) December 14, 2020 In a world of uncertainty, one thing is certain: food quality inspection, certifications, and disclosure can provide some measure of assurance to consumers. In an AAEA session taking place virtually at the 2021 ASSA Annual Meeting, researchers will discuss the economics of information with examples from the coffee, meat and poultry, and wine industries. Organizer of the session, John Bovay from Virginia Tech says, “The fascinating thing about food quality is that it is largely hidden from the consumer. How can you tell whether a bottle of French red wine is produced according to strict standards or made from a blend of juices with little quality control? What are the environmental implications of your cup of Brazilian coffee? Is your meat and poultry safe to eat, or might ....