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Hou, Jiang; Skees, Jerry R.; Veeramani, Venkat N.. |
One of the key factors affecting the crop output is the rainfall volume. For this reason, insurance plans based on the rainfall deviation of the mean have been advanced. This paper provides prospects of rainfall-indexed insurance in Romania considering the tradeoff between moral hazard and basis risks. The reasonability of rainfall-indexed insurance will be judged first. The basic parameters will then be determined and the effectiveness will be measured. Finally, microfinance programs combined with indexed insurance will be advanced to deal with the basis risk problems, which also are the goals for further study |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
Ano: 2004 |
URL: http://purl.umn.edu/20158 |
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Veeramani, Venkat N.; Maynard, Leigh J.; Skees, Jerry R.. |
Crop insurance is an alternative risk management technique available to farmers for stabilizing their revenue risk and schemes based on area yield have been in operation for quite some time. Here rainfall based insurance indices and options are suggested as a replacement for the expensive area yield programs. Instead of direct premium subsidies which are distorting, premium subsidy is taken as a function of adverse deviation of rainfall from the mean. A sensitivity analysis at different revenue elasticity levels with respect to rainfall was performed. Potential for private insurer's and reinsurer's participation exists with rainfall based index and options. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
Ano: 2003 |
URL: http://purl.umn.edu/22183 |
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