This study used longitudinal household data to determine which factors affected demand for index based livestock insurance (IBLI). While both price and the non-price factors studied previously are indeed important, the findings indicate that basis risk and spatiotemporal adverse selection also play a major role in determining demand for IBLI.
This paper builds a multi-generation household model of consumption, accumulation, and risk management to assess the dynamic consequences of climate risk exposure. The analysis shows the long-term level and depth of poverty can be improved by incorporating ‘vulnerability-targeted social protection’ into a conventional social protection system.
In this presentation for the 13th International Microinsurance Conference in Lima, Peru on November 9, 2017, AMA Innovation Lab assistant director Tara Chiu discussed the proven impacts index insurance can have on small-scale farmers in developing economies and the importance of ensuring that only quality products are made available on the market.
In this presentation at the June 5-10, 2017 Global Learning and Evidence Exchange for Market Systems event in Dakar, Senegal, AMA Innovation Lab assistant director Tara Steinmetz discussed the benefits and challenges of using index insurance as a means of supporting small-scale farmers facing a range of climate-related threats.
In this presentation for the GAN Peer Learning Platform event on July 4, 2017 in Nairobi, Kenya, AMA Innovation Lab assistant director Tara Steinmetz discussed the potential for index insurance and development but also the importance of client value.
With uninsured risk representing a major hurdle to investment, productivity growth, and poverty reduction in developing country smallholder agriculture, index-based agricultural insurance has offered the promise of overcoming the hurdles of traditional indemnity-based insurance for this context. The team shows that existing constraints on take-up can partially be overcome using revised contract designs, advanced technology for better measurement, improved marketing, and better policy support.
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.
This paper investigates asset insurance into a theoretical poverty trap model to evaluate the aggregate impact of insurance access on chronic and transitory poverty. The research team uses dynamic stochastic programming methods to decompose two mechanisms through which a competitive asset insurance market might alter long-term poverty dynamics.
It is widely acknowledged that unmitigated risks provide a disincentive for otherwise optimal investments in modern farm inputs. This study assesses both the demand for and the effectiveness of an innovative index insurance product designed to help smallholder farmers in Bangladesh manage risk to crop yields and the increased production costs associated with drought.