Weather indexes, index insurance and weather index futures
نویسندگان
چکیده
منابع مشابه
Contributions of Agricultural Systems Modeling to Weather Index Insurance
Climate exerts a profound influence on the lives of rural populations, particularly the rural poor, who depend on agriculture for livelihood and sustenance, who are unprotected against climate-related diseases, who lack secure access to water and food, and who are vulnerable to hydrometeorological hazard. Climate shocks such as drought and flooding lead not only to loss of life, but also long-t...
متن کاملExploiting Satellite-Based Rainfall for Weather Index Insurance: The Challenges of Spatial and Temporal Aggregation
Lack of access to insurance exacerbates the impact of climate variability on smallholder famers in Africa. Unlike traditional insurance, which compensates proven agricultural losses, weather index insurance (WII) pays out in the event that a weather index is breached. In principle, WII could be provided to farmers throughout Africa. There are two data-related hurdles to this. First, most farmer...
متن کاملConcept and Unintended Consequences of Weather Index Insurance: The Case of Mexico
Concept and Unintended Consequences of Weather Index Insurance: The Case of Mexico Recently, Weather Index Insurance (WII) has received considerable attention as a tool to insure farmers against weather related risks, particularly in developing countries. Donor organizations, local governments, insurance companies, development economists as well as agricultural economists are discussing the cos...
متن کاملWeather Insurance Savings Accounts
Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. This paper theoretically and experimentally analyzes an innovative financial product called a Weather Insurance Savings Account (WISA), which combines savings and rainfall insurance. We index the insurance share of the WISA by γ ∈ [0, 1] and use a standard model...
متن کاملWeather-index drought insurance: an ex ante evaluation for millet growers in Niger
In the Sudano-Sahelian region, which includes South Niger, the inter-annual variability of the rainy season is high and irrigation is scarce. As a consequence, bad rainy seasons have a massive impact on crop yield and regularly entail food crises. Traditional insurances based on crop damage assessment are not available because of asymmetric information and high transaction costs compared to the...
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ژورنال
عنوان ژورنال: Insurance Markets and Companies
سال: 2018
ISSN: 2616-3551,2522-9591
DOI: 10.21511/ins.09(1).2018.04