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This paper documents the practical experience of deploying index insurance in a tropical country whose agriculture is … dependent on dual sources of water: rainfall and irrigation. The paper introduces an innovative hybrid index insurance product … Index Insurance Facility. The findings indicate that the new hybrid product performs better than the single trigger …
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may be used to provide the latter improved access to formal insurance. Urban migrants in Ouagadougou (the capital of … Burkina Faso) originating from nearby villages were offered, at the prevailing market price, a rainfall index insurance … randomly offered an insurance policy that would make pay-outs directly to the intended beneficiary rather than the subscriber …
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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 …
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