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.

Zurich Bolivia: Partnerships for Success

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Bolivia has made it possible for microfinance institutions (MFIs) to become regulated, and therefore provide valuable savings services, and access the capital markets to fund their growth. Through partnerships with the Private Financial Funds (commercial financial institutions), MFIs have been successful in offering financial services to the low-income market in Bolivia. However, MFIs still look for diversifying their services available to the poor.

Willingness to pay for health insurance among rural and poor persons: Field evidence from seven microhealth insurance units in India

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This study, conducted in India in 2005, provides evidence on Willingness to pay (WTP), gathered through a unidirectional (descending) bidding game among 3024 households (HH) in seven locations where micro health insurance units are in operation. Insured persons reported slightly higher WTP values than uninsured. About two-thirds of the sample agreed to pay at least 1%, about half the sample was willing to pay at least 1.35%, 30% was willing to pay about 2.0% of annual HH income as health insurance premium.

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