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 …

"Goodwin and Mahul identify the key issues and concerns that arise in the design and rating of crop yield insurance … insurance scheme and the ratemaking procedures. Relying on the U.S. experience and recent developments in statistics and … econometrics, they review risk modeling concepts and provide technical guidelines in the development of crop insurance plans …