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Grant Award View - GA319002
Customising weather index insurance for agribusiness using machine...
GA ID:
GA319002
Agency:
Australian Research Council
Approval Date:
8-Jun-2023
Publish Date:
4-Jul-2023
Category:
Humanities, Arts and Social Sciences (HASS) Research
Grant Term:
1-Jul-2023 to 30-Jun-2026
Value (AUD):
$431,000.00
(GST inclusive where applicable)
One-off/Ad hoc:
No
Aggregate Grant Award:
No
PBS Program Name:
ARC 23/24 Linkage
Grant Program:
Early Career Industry Fellowships
Grant Activity:
Customising weather index insurance for agribusiness using machine learning
Purpose:
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.
GO ID:
GO Title:
Early Career Industry Fellowships for funding commencing in 2023
Internal Reference ID:
IE23 Round 1
Selection Process:
Targeted or Restricted Competitive
Confidentiality - Contract:
No
Confidentiality - Outputs:
No
Grant Recipient Details
Recipient Name:
University of Southern Queensland
Recipient ABN:
40 234 732 081
Grant Recipient Location
Suburb:
DARLING HEIGHTS
Town/City:
DARLING HEIGHTS
Postcode:
4350
State/Territory:
QLD
Country:
AUSTRALIA
Grant Delivery Location
State/Territory:
QLD
Postcode:
4350
Country:
AUSTRALIA