@article{GuzmanSamprognaMohorMendiondo2020,
  author    = {Guzman, Diego A. and Samprogna Mohor, Guilherme and Mendiondo, Eduardo Mario},
  title     = {Multi-year index-based insurance for adapting Water Utility Companies to hydrological drought},
  series = {Water},
  volume    = {12},
  journal   = {Water},
  number    = {11},
  publisher = {MDPI},
  address   = {Basel},
  issn      = {2073-4441},
  doi       = {10.3390/w12112954},
  pages     = {22},
  year      = {2020},
  abstract  = {The sustainability of water utility companies is threatened by non-stationary drivers, such as climate and anthropogenic changes. To cope with potential economic losses, instruments such as insurance are useful for planning scenarios and mitigating impacts, but data limitations and risk uncertainties affect premium estimation and, consequently, business sustainability. This research estimated the possible economic impacts of business interruption to the Sao Paulo Water Utility Company derived from hydrological drought and how this could be mitigated with an insurance scheme. Multi-year insurance (MYI) was proposed through a set of "change" drivers: the climate driver, through forcing the water evaluation and planning system (WEAP) hydrological tool; the anthropogenic driver, through water demand projections; and the economic driver, associated with recent water price policies adopted by the utility company during water scarcity periods. In our study case, the evaluated indices showed that MYI contracts that cover only longer droughts, regardless of the magnitude, offer better financial performance than contracts that cover all events (in terms of drought duration). Moreover, through MYI contracts, we demonstrate solvency for the insurance fund in the long term and an annual average actuarially fair premium close to the total expected revenue reduction.},
  language  = {en}
}
@article{MtilatilaBronstertBuergeretal.2020,
  author    = {Mtilatila, Lucy Mphatso Ng'ombe and Bronstert, Axel and B{\"u}rger, Gerd and Vormoor, Klaus Josef},
  title     = {Meteorological and hydrological drought assessment in Lake Malawi and Shire River basins (1970-2013)},
  series = {Hydrological sciences journal = Journal des sciences hydrologiques},
  volume    = {65},
  journal   = {Hydrological sciences journal = Journal des sciences hydrologiques},
  number    = {16},
  publisher = {Routledge, Taylor \& Francis Group},
  address   = {Abingdon},
  issn      = {0262-6667},
  doi       = {10.1080/02626667.2020.1837384},
  pages     = {2750 -- 2764},
  year      = {2020},
  abstract  = {The study assesses the variability and trends of both meteorological and hydrological droughts from 1970 to 2013 in Lake Malawi and Shire River basins using the standardized precipitation index (SPI) and standardized precipitation and evaporation index (SPEI) for meteorological droughts and the lake level change index (LLCI) for hydrological droughts. Trends and slopes in droughts and drought drivers are estimated using Mann-Kendall test and Sen's slope, respectively. Results suggest that meteorological droughts are increasing due to a decrease in precipitation which is exacerbated by an increase in temperature (potential evapotranspiration). The hydrological system of Lake Malawi seems to have a >24-month memory towards meteorological conditions, since the 36-month SPEI can predict hydrological droughts 10 months in advance. The study has found the critical lake level that would trigger hydrological drought to be 474.1 m a.s.l. The increase in drought is a concern as this will have serious impacts on water resources and hydropower supply in Malawi.},
  language  = {en}
}