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

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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.

Microinsurance policy paper Ghana: Creating an enabling legal and regulatory environment for microinsurance in Ghana

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The Microinsurance Policy Paper maps out the National Insurance Commission's (NIC) future path in the regulation and supervision of microinsurance in Ghana. It spells out the strategic approach chosen, and the principles and key elements underlying this process. In doing so, the paper makes policy recommendations that lay the foundations for the drafting of a legal and regulatory framework aimed at enabling the microfinance market to develop in a sound and customer-oriented environment.

Perceptions of Microinsurance in Southern Ghana: The Role of Information and Peer Effects

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This paper investigates the understandings and perceptions of microinsurance among low-income people in southern Ghana, using evidence from four focus group discussions. It analyses how the focus group participants think about various types of insurance – among them a micro life insurance product – and how their negative and/or positive evaluations have come about. The evidence indicates that microinsurance is mostly positively perceived by the participants of the focus group discussions.

Perceptions of (Micro)Insurance in Southern Ghana: The Role of Information and Peer Effects

compucorp_admin's picture

This article investigates the understandings and perceptions of (micro)insurance among low income people in southern Ghana, using evidence from four focus group discussions. It analyses how the focus group participants think about various types of insurance – among them a micro life insurance product – and how their negative and/or positive evaluations have come about. The evidence indicates that (micro)insurance is mostly positively perceived by the participants of the focus group discussions.

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