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

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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.

Kilimo Salama – Index-based agriculture insurance

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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.

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

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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.

Feasibility study for the development and implementation of index-based crop microinsurance for cotton farmers in Tajikistan

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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.

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.


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