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Index Insurance and Cash Transfers: A Comparative Analysis from Northern Kenya
Cash transfers and index insurance have become popular interventions by development agencies
worldwide. But they operate in radically different ways. In principle, these could offer complementary or
substitute means of ...
Index-based insurance: Lottery ticket or insurance?
Environmental shocks are drivers of poverty as well as a
fact of life in many rural areas of the developing world. In
the developed world, agricultural insurance provides some
protection from such calamities. But conventional ...
The favourable impacts of Index-Based Livestock Insurance: Evaluation results from Ethiopia and Kenya
The Index-Based Livestock Insurance (IBLI) product
leverages the strong correlation between a remotely
sensed vegetation index and livestock losses associated
with forage shortages to offer insurance coverage to
pastoralists ...
Characterization for index based livestock insurance
Pastoral populations of subSaharan
Africa are particularly vulnerable to losses in wealth and productive assets via herdmortality shocks.
Although conventional insurance mechanisms covering individual losses are not cost ...
How Basis Risk and Spatiotemporal Adverse Selection Influence Demand for Index Insurance: Evidence from Northern Kenya
Basis risk – the remaining risk that an insured individual faces – is widely acknowledged as the Achilles Heel of index insurance, but to date there has been no direct study of its role in determining demand for index ...
Basis Risk and the Welfare Gains from Index Insurance: Evidence from Northern Kenya
Index insurance products circumvent many of the transaction costs and asymmetric information problems that obstruct provision of low value conventional insurance policies in developing countries. Recent years have seen ...