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 …

Despite its promise to help low-wealth households manage climate risk, index insurance remains hampered by downside … basis risk, meaning that an insured party suffers a loss, but receives no payment because the insurance index fails to … focuses on the creation of statistically rigorous insurance zones that minimize downside basis risk. In contrast to our …

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 …