The weather index insurance market in India is the world's largest, having transitioned from small-scale and scattered … pilots to a large-scale weather based crop insurance program covering more than 9 million farmers. This paper provides a … lower basis risk. In addition to pure weather indexed products, hybrid products that combine both area yield and weather …

weather shocks, we find that drought tolerant maize seeds mitigate the impact of mid-season drought. Compared to farms in …

In this paper we propose a flexible framework for the design of weather index insurance (WII) based on penalized spline … agricultural production losses and weather variables and thus effectively improves policyholders’ utilities. We use B …