Farmers’ decisions about how much crop insurance to buy are not generally consistent with either expected profit or utility maximization. They do not pick coverage levels that maximize expected subsidy nor do they demand full insurance coverage. In addition, the absolute size ...

The insurance industry appears to be lagging in the rapid evolution of financial services and e-commerce. However, insurers are still hesitant approve policies online adding these slowly their sites for product development. This paper discusses some fundamental issues surrounding use alternative Internet business models insurance, benefits, barriers as well success factors. An Extensive experie...

Insurance as a financial instrument has been used for a long time. The dramatic increase in competition within the insurance sector (in terms of providers coupled with awareness for the need for insurance) has concomitantly resulted in more policy options being available in the market. The insurance seller needs to know the buyer’s preference for an insurance product accurately. Based on such m...

This paper examines the potential for adverse selection when farmers are offered a portfolio of insurance policies. We analyze the risk characteristics farmers who bought alternative insurance instruments in 1996-97. Inability to differentiate farmers according to risk types results in poor actuarial performance of insurance product. —————————————— Authors gratefully acknowledge helpful comment...

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...

the increase in the number of producers and manufacturers leads to various methods of attracting customers. one of the appropriate ways to attract customers is to provide them with post-sale support. to guarantee the quality of a product is one of the services according to which the seller is committed to change the problematic product. to analyze the legal aspects of guarantee makes it necessa...