Abstract Weather constitutes a major source of risks facing households in rural areas, which are being amplified under climate change. In this context, two main financial services, weather index insurance and microcredit, have been increasingly adopted by farmers worldwide. However, the understanding socioeconomic ecological impacts these finance schemes, including potential maladaptive outcome...

In many low-income countries, agriculture is mostly rainfed and yields highly depend on climatic factors. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and transaction costs. Insurances based on meteorological indices could fill this gap since they do not face such drawbacks. However their implementation has been slow so far...

In many low-income countries, agriculture is mostly rainfed and crop yield highly depends on climatic factors. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and transaction costs. Insurances based on meteorological indices could fill this gap since they do not face such drawbacks. However full-scale implementation has been s...

Heat can cause substantial yield losses in crop production and climate change is increasing the risk of this kind damage. Weather index insurance help to reduce financial resulting from heat exposure. This paper introduces crop-specific payout functions based on restricted cubic splines insurance. The use a cutting-edge method reflect empirically estimated temperature effects yields estimate te...

This paper describes the contract design and institutional features of an innovative rainfall insurance policy offered to smallholder farmers in rural India and presents preliminary evidence on the determinants of insurance participation. Insurance take-up is found to be decreasing in basis risk between insurance payouts and income fluctuations, higher among wealthy households, and lower among ...