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.
Index-based agricultural insurance has offered the promise of overcoming the hurdles of traditional indemnity-based insurance for economic development. This paper describes how existing constraints on take-up can partially be overcome using revised contract designs, advanced technology for better measurement, improved marketing and better policy.
This presentation took place online on June 29, 2017 describing the additional questions requested from the Soil Variation and Why It Matters webinar after time for the webinar expired.
This presentation took place online on June 29, 2017 describing the questions and answers transcript for the Soil Variation and Why It Matters webinar.
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.
While index insurance offers a compelling solution to the problem of covariant risk among smallholder farmers in developing countries, most weather based contracts suffer from poor quality due to a low correlation between the index and farmer losses. This paper proposes and analyzes an alternative index insurance contract, which combines a satellite based index with the potential for a second-stage audit.