There is a need for understanding the demand for incomplete insurance. Incomplete insurance occurs when the payout is less than the loss in states of nature covered by the insurance, and when states of nature with loss are not insured at all. By evaluating the demand for "hybrid" insurance products that reduce uninsured risks the problem to solve would be: Index-based insurance for a group plus some loss adjustments within the same group. To approach this issue, experimental games in Guatemala to test some of these potential ideas.
This presentation is based on AMA Innovation Lab projects for the 2013 BASIS/I4 Technical Committee Meeting. This meeting gathered researchers affiliated with the Index Insurance Innovation Initiative (I4) at UC Davis.
This presentation took place in University of California Davis, United States.