Data/hora: 02/06/2024 12:57:45

Provedor de dados: 	31	
País: 	United States	
Título: 	Policy for implementation of Index Based Weather Insurance revisited: the case of Nicaragua	
Autores: 	Banerjee,   Chirantan; Berg,   Ernst.	
Data: 	2012-02-23	
Ano: 	2012	
Palavras-chave: 	Index based rainfall insurance; Weather derivative; Operational cost; Nicaragua; International Development; Risk and Uncertainty.	
Resumo: 	International development organisations, through partnerships with local insurance companies, have been promoting weather index based insurance (WIBI) in developing countries. Due to lower operational costs, they expect shorter pay-off period, often overlooking high initial design costs. Experiences however show high post-pilot mortality of these programmes. Literatures report lack of insurance participation. We propose lack of push from insurance providers as an additional factor. To verify, cash flows of a Nicaraguan groundnut based WIBI and a comparable but hypothetical named peril insurance are simulated against 80 scenarios. Additionally, a test of stochastic dominance of their estimated Net Present Values show that WIBI take comparatively longer to pay-off yielding lower returns with considerable risk. WIBI, given its advantages is undoubtedly an efficient agricultural risk management tool. Therefore, to make it sustainable, long-term pilots and technical assistance is required until the product pays-off and yield profits for insurance providers.	
Tipo: 	Presentation	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/122448	
Relação: 	European Association of Agricultural Economists&gt;123rd Seminar, February 23-24, 2012, Dublin Ireland	
Formato: 	17