This study shows that formal insurance uptake has no significant effect on pastoralists' willingness to share risk through customary institutions. Overall, the results imply that index insurance did not crowd out informal risk-sharing mediated by social networks.
This study uses economic approaches and the case of the index based livestock insurance (IBLI) product in Kenya to compare the quality of insurance products developed from a variety of satellite -based indices, all of which have either been proposed or are/have been used by insurance or insurance-like products in the region.
Observations of smallholder farmer inefficiency often reflect failure to control for nature. An example would be Ivorien rice farmers effected on their production frontier once inconsistent control for soils, rain, and pests are involved. So perhaps a non-uptake adoption is optimal as well? This presentation is based on the AMA Innovation Lab projects for the Mind the Gap Workshop.
The research team describes the methodology used to design the contract and its underlying index of predicted area-average livestock mortality in Index-based Livestock Insurance. The Principal Investigator describes the contract pricing and the risk exposures of the underwriter to establish IBLI’s reinsurability on international markets.
Poverty traps are commonplace in policy debates today, however, when these poverty traps exist what, where, why and for whom are the next series of questions. This presentation is based on the AMA Innovation Lab projects for the Conference on the Economics of Asset Dynamics and Poverty Traps.