Ayisi, Christian Larbi and Sienso, Gifty and Baidoo, Kezia and Asemah, Cecilia (2025) Navigating destiny: A study of factors determining participation in artisanal fisheries insurance, level of risk and the dynamics of risk management. International Journal of Disaster Risk Reduction, 123.
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This study examines the complexities of fisheries insurance within fishing communities, focusing on fishermen's awareness, participation factors, and risk management strategies. Conducted in six Ghanaian fishing communities between April 20 and July 25, 2024, the research collected primary data on socioeconomic characteristics, risk factors, and insurance participation using a structured questionnaire. A probit model was employed to analyze the factors influencing enrollment in fisheries insurance, while descriptive statistics summarized other findings. Results show that 56.16 % of fishermen rely on savings, while only .36 % depend on friends and family. About 24.64 % use contract fishing to manage risk, while 14.49 % take loans and 4.35 % sell fishing assets. Key determinants of insurance participation include age, fishing experience, storage facility access and overfishing. The study also assessed risk levels and documents that drowning and accidents pose the highest risk (mean: 1.268), followed by long working hours (1.123) and consecutive workdays (1.228). Equipment failure has the lowest risk (.565). In conclusion, access to information, training, and financial resources is essential to improve participation in fisheries insurance programs.
| Item Type: | Articles |
|---|---|
| Keywords: | Artisanal Fisheries, Risk Management, Fishing Communities, Ghana, Overfishing, Insurance |
| Subjects: | Right to Resources |
| Depositing User: | Kokila ICSF Krish |
| Date Deposited: | 23 Jun 2025 09:13 |
| Last Modified: | 23 Jun 2025 09:13 |
| URI: | http://icsfarchives.net/id/eprint/22203 |
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