The State of Microinsurance 2016

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This second edition of the Microinsurance Network's annual journal presents the insights and views of 22 experts in the field with regards to innovative developments in product design, distribution and regulation. Topics discussed include behavioural economics in microinsurance, the contribution of insurance to capital market development, and the possibility of benchmarking microinsurance based on key performance indicators. For the first time, the journal includes a debate which focuses on the role of private health insurance in achieving universal health coverage.

Data and Information Management - Manual 3

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Data and information management refers to the development, collection, use, and preservation of data and the methods needed to acquire, control, protect, deliver, and enhance its value to achieve the goals of agricultural insurance programs. Issues related to the collection, development, updating, and quality of data are often overlooked when developing agricultural insurance programs. However, such programs will likely fail without a concise, well-developed plan for data and information management.

The potential role of disaster insurance for disaster risk reduction and climate change adaptation

The purpose of this paper is to explore the potential role of Index-based Disaster Insurance as a tool for climate change adaptation and social protection in developing countries. The paper will first provide an overview of recently piloted micro policies and macro policies. It will then outline several limitations of the micro approach as a tool for social protection, and move on to discuss the macro approach and its potential as a more sustainable instrument for humanitarian intervention.

Index-Based Microinsurance for Paddy Sector in Sri Lanka: An Evaluation of Demand Behavior

The objective of this study is to support the making of a more efficient and realistic pricing policy for Index-Based Microinsurance Scheme (IBMS) by analyzing, using the contingent valuation method, the insurance demands (i.e. willingness to pay) of the paddy farmers in Sri Lanka. The results show that farmer’s demand is substantially high and determinants are highly location specific, hence indicating a potential discriminating and flexible policy in the insurance scheme.

Creating safety nets through semi-parametric index-based insurance: A simulation for northern Ghana

In West Africa, farm income is highly exposed to risks from crop failure in the drier, inland areas, and from fluctuations in (world market) prices in the wetter coastal areas. As individuals and even extended families are poorly equipped to deal with these, provision of social safety nets is required. This paper reviews the situation in Ghana and the way in which the new financial instrument of index-based insurance might contribute to better it, focusing on the estimation of a crop indemnification scheme for farmers in Northern Ghana.

Kilimo Salama – Index-based agriculture insurance

The objective of this case study is to describe the design and implementation of an index-based agricultural insurance product targeting rural farmers in Kenya. The Kilimo Salama (?Safe Agriculture? in Kiswahili) product has been successful in protecting farmers against risks from drought or excessive rainfall, both of which can have disastrous effects on the harvest.

Managing agricultural risk at the country level:the case of index-based livestock insurance in Mongolia

This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program.

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