FACTORS INFLUENCING THE BEHAVIOURAL INTENTION TO ADOPT CLIMATE INSURANCE: A STUDY BASED ON INDIAN PRIMARY SECTOR

Abstract

Extreme natural disasters cause substantial losses in developing nations. Planning tools are crucial for managing water resources during droughts and reducing losses. This paper is about how insurance could be used as a way for agriculture to adapt to climate change. We examine how appealing suggestions for developing insurance against climate risk are. Farmers with good soils who believe they have already adjusted their practices to climate risks and who have not previously suffered losses as a result of unfavorable climatic events are less likely to buy insurance. The study's results will be helpful for policymakers, managers, and insurance companies that want to find cost-effective ways to build adaptation and resilience to climate disasters.