Kapphan, Ines; Calanca, Pierluigi; Holzkaemper, Annelie - Institute for Environmental Decisions (IED), … - 2011
The insurance industry has so far relied on historical data to develop and price weather insurance contracts. In light of climate change, we examine the effects of this practice in terms of the hedging effectiveness and profitability of insurance contracts. We use simulated crop and weather data...