Smallholder farmers are increasingly exposed to weather extremes but lack access to affordable insurance products for … catastrophic crop damage. This paper analyzes the feasibility of Picture-Based Insurance (PBI) as a low-cost tool to improve … coverage. PBI verifies insurance claims using smartphone pictures of insured plots, taken by farmers themselves, to minimize …

insurance, a tool for mitigating weather risk that is gaining momentum in developing countries. We model potential effects of … index insurance for pastoralists on animal stocking decisions and the resulting effects on common property resource quality … pastoralists by enhancing expected payoffs and reducing the exit of pastoralists, under certain conditions the insurance can worsen …

Rainfall is an important source of covariate shock in developing countries. Insurance against a rainfall index has …, therefore, held much promise as a formal insurance product to protect the livelihoods of poor farmers. But how good is rainfall … index insurance. Using district crop yields and rainfall data for India, we find that tail dependence characterizes the …

In this article, we study the problem of optimal index insurance design under an expected utility maximization … of insurance applications including index- linked mortality securities, weather index agriculture insurance and index …-based catastrophe insurance. Our method is illustrated by a numerical example where weather index insurance is designed for protection …

We explore the uptake dynamics of a rainfall index insurance in Kenya in relation to a measure of perceived basis risk … ‘drought-like’ conditions in the germination period. Next, we gauge the elasticity of insurance activations to prior … weather insurance products as environmental risk protection mechanisms, rather than as investments or risky bets. In the eyes …

Weather index insurance may help smallholder farmers in the developing world cope with environmental risks and shock … itself—is cited as a core contributor, unique to index insurance among other factors usually ascribed to low technology … adoption. We examine a rainfall-based index insurance in Kenya and explore how its uptake relates to a measure of basis risk …

This paper provides novel evidence on how risk exposure shapes the demand for index-based weather insurance. The focus … is on Mongolia, where index insurance is offered as a commercially marketed product to pastoralists threatened by extreme … spanning a period of five years, this paper shows that the demand for index insurance increases in areas exposed to adverse …