Early Career Industry Fellowships - Grant ID: IE230100435

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/API/grants/IE230100435

Funding Status
Active

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Funded Activity Summary

Customising weather index insurance for agribusiness using machine learning. This project aims to customise weather index insurance (WII) by utilising machine learning techniques. WII is used as a type of risk management tool in the agriculture sector to transfer risk due to extreme weather events. Significantly this project expects to establish an accurate correlation between insurance payouts and actual losses and thus improve the WII uptake rate. This will effectively support farmers and agribusinesses in Australia to mitigate and adapt to climate change, help reduce the impact of climate change and ensure crop production and food security.

Funded Activity Details

Start Date: 07-2023

End Date: 06-2026

Funding Scheme: Early Career Industry Fellowships

Funding Amount: $431,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Sustainable agricultural development | Insurance studies | Banking finance and investment |

ANZSRC Socio-Economic Objective (SEO)

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