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WELFARE IMPACTS OF INDEX INSURANCE IN THE PRESENCE OF A POVERTY TRAP
This paper evaluates the effectiveness of an index-based livestock insurance (IBLI)
product designed to compensate for area average predicted livestock mortality loss in
northern Kenya, where previous work has established ...
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 ...
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 ...
Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia
While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income
countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, ...