Index insurance and risk management

Presentation: Improving the Value of Agricultural Insurance

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.

Presentation: Index Insurance for Agricultural Risk Management

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.

Presentation: Client Value & Index Insurance

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.

Paper: Index Insurance for Developing Country Agriculture: A Reassessment

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.

Paper: Asset Insurance Markets and Chronic Poverty

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.

Paper: Insuring against Droughts: Evidence on Agricultural Intensification and Index Insurance Demand from a Randomized Evaluation in Rural Bangladesh

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.