Early Career Industry Fellowships - Grant ID: IE230100435
Funder
Australian Research Council
Funding Amount
$431,000.00
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 agri ....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.Read moreRead less
ARC Centre of Excellence in Population Ageing Research. This Centre intends to generate crucial knowledge to inform social and economic responses to population ageing, one of the most important issues of the 21st century. Population ageing exerts unprecedented pressures on social norms and policy institutions, both in Australia and around the world. Leading researchers from a range of disciplines will undertake multidisciplinary research to help governments, businesses, and consumers prepare for ....ARC Centre of Excellence in Population Ageing Research. This Centre intends to generate crucial knowledge to inform social and economic responses to population ageing, one of the most important issues of the 21st century. Population ageing exerts unprecedented pressures on social norms and policy institutions, both in Australia and around the world. Leading researchers from a range of disciplines will undertake multidisciplinary research to help governments, businesses, and consumers prepare for and make better decisions for an ageing world, with consequent social and economic benefits for families and communities expected to flow to Australia, the Asian region and the world.Read moreRead less