Weather-based Insurance Market Development: Challenges and Potential Solutions

05.08.2014 904 views Download :

1. Weather based insurance (WBI) is better suited to cope with asymmetric information problems. 2.Launch of first WBI pilots in India and Morocco in the early 2000s. 3. Most of WBI contracts are designed to provide coverage against risk of drought. 4. Rationale: to promote adoption of higher income but riskier technologies. 5. Low participation of farmers in WBI.  

Weather-based Insurance Market Development: Challenges and Potential Solutions

05.08.2014 904 views

1. Weather based insurance (WBI) is better suited to cope with asymmetric information problems. 2.Launch of first WBI pilots in India and Morocco in the early 2000s. 3. Most of WBI contracts are designed to provide coverage against risk of drought. 4. Rationale: to promote adoption of higher income but riskier technologies. 5. Low participation of farmers in WBI.