Insurance in developing nations is far less broadly available than developed ones. In addition, the risks that citizens of developing nations face, are often much more numerous and severe. Crop-insurance is a common element of agricultural policy in the United States, but less common in Ethiopia. As Ethiopia has a much higher percentage of their population engaged in agriculture, shocks, such as drought, crop disease, or severe weather have big impacts. Insurance's basic principle is simple, spreading risk across a broader pool. When harmed, you get assistance to lessen the impact, when you're not harmed, your payments cover the costs of others who are. But deciding who is harmed is a very time consuming task. Preventing fraud is important to staying competitive, when looking at private enterprise, and important to public trust when dealing with public programs. But preventing fraud places burdens not only on the insurance provider, but the claimants. Having to prove
Welcome to my Urban Exploratorium! My goal is investigating the links between the Urban and the Human. This is original content responding to current state and coverage of topics ranging from Urban development through Environmental Awareness to Human Wellness. Do leave a comment, feedback or question you’d like to see answered. Thank you for reading!