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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 ...
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 ...
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 Subjective Well-being Effects of Imperfect Insurance that Doesn’t Pay Out
In this paper we estimate the effects of an imperfect insurance coverage on subjective well-being of a poor, rural population, by exploring whether insurance in force improves subjective well-being and whether insurance ...
A Spatial Econometric Approach to Designing and Rating Scalable Index Insurance in the Presence of Missing Data
Index-Based Livestock Insurance has emerged as a promising market-based solution for insuring
livestock against drought-related mortality. The objective of this work is to develop an explicit
spatial econometric framework ...
Designing index based livestock insurance for managing asset risk in northern Kenya
This article describes a novel indexbased
livestock insurance (IBLI) product piloted among pastoralists in
Northern Kenya, where insurance markets are effectively absent and uninsured risk exposure is a main
cause of ...
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 ...
Historical extension of operational NDVI products for livestock insurance in Kenya
Droughts induce livestock losses that severely affect Kenyan pastoralists. Recent index insurance schemes have the potential of being a viable tool for insuring pastoralists against drought-related risk. Such schemes require ...