Feasibility Study for the Development and Implementation of Index-Based Crop Micro-Insurance for Cotton Farmers

The aim of this feasibility study is to examine the potential and feasibility for index-based crop insurance for the cotton sector in Tajikistan. The study was carried out after a methodology assessment was performed based on secondary data collection, field missions, focus group surveys, through direct and conference call meetings, as well as desk work analysis based on the DSSAT crop estimation model.

Risk, coping mechanisms, and factors in the demand for micro-insurance in Ethiopia

This paper is the result of a policy study carried out for the International Labour Organization (ILO) and the United Nations Capital Development Fund (UNCDF), to determine how microinsurance can help Ethiopia’s poor become more resilient to negative financial shocks. The research focuses on the demand components of microinsurance, and investigates two main research questions: Do low-income households in Ethiopia need insurance? If so, would they be willing to buy it if it were made widely available?The study answered these two questions through a literature review and quali

Weather insured savings accounts

Through a laboratory experiment in India, this paper assesses consumers' relative valuations of savings versus insurance when planning for risky rainfall in an attempt to measure potential demand for a new type of financial product that combines savings and rainfall insurance, the Weather Insured Savings Account (WISA). The study finds out that participants prefer both pure insurance and pure savings to any mixture of the two, and that this preference is most pronounced among those who are more risk averse.

Research paper on agricultural decisions after relaxing credit and risk constraints

The investment decisions of small scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. The authors conducted several experiments in northern Ghana in which farmers were randomly assigned to receive cash grants or opportunities to purchase rainfall index insurance, or a combination of the two.

Lutte Contre l’insécurité Alimentaire au Niger: Une Solution par la Micro Assurance Agricole

Le Niger a été confronté à deux crises alimentaires (2005 et 2010) en cinq ans. Les solutions (aides extérieure, distributions gratuite et vente à prix modérés des céréales) préconisées par les autorités sont ponctuelles et ne permettent pas de prévenir les effets d’éventuelles crises. A travers cette analyse essaye d’analyser la possibilité du développement d’un produit de micro assurance agricole à l’intention des populations.

Risk preferences and demand for insurance under price uncertainty: An experimental approach for cocoa farmers in Côte d'Ivoire

This study analyses the willingness-to-pay (WTP) for minimum price insurance in Côte d’Ivoire cocoa farming and the potential role of risk aversion using both experimental gambling approach with real payoffs and contingent valuation (CV) method. The findings reveal a relatively high level of risk aversion among Ivorian cocoa farmers with more than 45 percent of the households exhibiting severe to extreme risk aversion The WTP analysis reveals that farmers’ individual WTP for minimum price insurance are relatively low.

Microinsurance decisions: Evidence from Ethiopia

This study reviews evidence collected from a microinsurance field experiment in rural Ethiopia. The experiment involves collecting data from individuals in order to predict the shape of the demand curve for indexed insurance. The study finds that the relationship between demand for index insurance and wealth levels is none linear and that individuals with intermediate levels of wealth have the highest demand while the richest and the poorest exhibited much lower demand.

Weather indices for designing microinsurance products for small-holder farmers in the Tropics

Agriculture is inherently risky. Drought is a particularly troublesome hazard that has a documented adverse impact on agricultural development. A long history of decision-support tools have been developed to try and help farmers or policy makers manage risk. Drought insurance works by encapsulating the best available scientific estimate of drought probability and severity at a site within a single number- the insurance premium, which is offered by insurers to insurable parties in a transparent risk-sharing agreement.

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