I was recently at the Novafrica conference in Lisbon, where one of the keynote talks was given by Stefan Dercon. He based it around a newly released short book he has written with Daniel Clarke, called Dull Disasters (open access version). The title is meant to indicate both the aim to make dealing with disasters a dull event rather than media circus, as well as to discuss ways to ‘dull’ or reduce the impact of disasters.
Stefan started his talk by noting that disaster relief may well be the part of the whole international development and humanitarian system that is the least efficient and has had the least research on it. The book starts by noting the predictability of responses “every time a natural disaster hits any part of the world, the newspaper headlines ten days later can be written in advance: ‘why isn’t the response more coordinated?’. He gives the examples of the responses to the earthquakes in Nepal and Haiti, to Hurricane Katrina, and to Ebola as examples. But he then notes the crux of the problem “…The truth is everybody argues for coordination but nobody likes to be coordinated”.
Index-based rainfall insurance offers the potential to allow farmers to protect themselves against one of the most important risks they face – the risk of drought (or conversely too much rain).