Skip navigation

Publications & Research :: Publication

Insurance Against Covariate Shocks : The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africa

ADMINISTRATIVE COSTS AGENTS AGRICULTURAL INPUTS AGRICULTURAL PRODUCTION APPLICATIONS ARID LANDS BASIS RISK BENEFICIARIES BLOCK GRANT CASH PAYMENTS CHILD HEALTH CHRONIC POVERTY COMMERCIAL BANKS CONTINGENCY PLANNING CORRELATES OF POVERTY COVARIATE SHOCKS COVERAGE CREDIT INSURANCE CROP INSURANCE DEBT DEFAULT RISK DEMAND FOR INSURANCE DISASTER RELIEF DROUGHT ECONOMIC GROWTH ECONOMIC SHOCK ECONOMIC SHOCKS EMERGENCY ASSISTANCE EMERGENCY RELIEF FAMINE FARM SIZE FARMERS FINANCIAL INSTITUTIONS FINANCIAL RISK FINANCIAL SERVICES FLOOD INSURANCE FOOD AID FOOD PROGRAM FORMAL INSURANCE HUMAN DEVELOPMENT HUMANITARIAN AID IMPACT OF SHOCKS INCOME INCOME INEQUALITY INCOME LOSS INCOME SHOCKS INCOME TRANSFER INDEMNITY INFORMAL INSURANCE INFORMAL INSURANCE MECHANISMS INFORMAL MECHANISMS INSURANCE INSURANCE COMPANIES INSURANCE CONTRACTS INSURANCE FUNCTION INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE MECHANISMS INSURANCE POLICY INSURANCE PREMIUMS INSURANCE PRODUCTS INSURANCES INSURERS INVENTORY LENDING INSTITUTIONS LIVESTOCK PRODUCTION LIVESTOCK SPECIES LOCAL GOVERNMENT LOCAL GOVERNMENTS LOSS OF INCOME MALNUTRITION MARKET MARKET FAILURE MARKET FAILURES MICRO FINANCE MICRO-INSURANCE MICROFINANCE MORAL HAZARD MORAL HAZARDS MORTALITY MUNICIPAL GOVERNMENTS MUNICIPALITIES NATURAL DISASTER NATURAL DISASTERS POOR POOR FARMERS POOR HOUSEHOLD POOR HOUSEHOLDS POVERTY REDUCTION POVERTY TRAPS PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRIVATE INSURERS PRODUCTION INCENTIVES PRODUCTIVE ASSETS PRODUCTIVITY PUBLIC INTERVENTION PUBLIC SECTOR PUBLIC WORKS PUBLIC WORKS PROGRAMS RAINFALL INSURANCE RATES REINSURANCE REINSURANCE COMPANIES RELIEF OPERATIONS RESOURCE ALLOCATION RISK MANAGEMENT RISK MITIGATION RISK POOLING RISK REDUCTION RURAL RURAL AREAS RURAL DEVELOPMENT RURAL GROWTH RURAL HOUSEHOLDS SAFETY NETS SAVINGS SAVINGS ACCOUNTS SELF-INSURANCE SHOCK SOCIAL FUNDS SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SAFETY NET SUBNATIONAL GOVERNMENTS SUBSIDIARY SUSTAINABILITY TARGETED TRANSFER PROGRAMS TARGETING TRANSFER PROGRAM WAGES WEATHER INSURANCE WEATHER SHOCKS WORK PROGRAMS
94
0

Attachments [ 0 ]

There are no files associated with this item.

More Details

Washington, DC: World Bank
Africa | Africa
2012-05-31T14:37:40Z | 2012-05-31T14:37:40Z | 2007

Index insurance, such as weather indexing, addresses other inherent problems in insurance by using an indicator that is not affected by individual behavior and may address monitoring costs and moral hazard. A number of innovations using index insurance are being tried currently in diverse settings ranging from India to Mongolia to Malawi. Marketing costs may limit the provision of such insurance to small farmers, but even in such cases microfinance institutes may serve as market intermediaries. Moreover, state and submational governments can use insurance to achieve countercyclical funding programs. In this vein, municipal governments in Mexico have used insurance to finance disaster contingency while the World Food Program has insured a portion of its emergency assistance to Ethiopia. Humanitarian organizations and NGOs may also seek insurance in this manner.

Comments

(Leave your comments here about this item.)

Item Analytics

Select desired time period