Last edited by Kazishicage
Saturday, May 2, 2020 | History

7 edition of Insurance Against Covariate Shocks found in the catalog.

Insurance Against Covariate Shocks

The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africa (World Bank Working Papers)

by Harold Alderman

  • 186 Want to read
  • 34 Currently reading

Published by World Bank Publications .
Written in English

    Subjects:
  • Welfare & benefit systems,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • Insurance - Risk Assessment & Management,
  • Nonfiction / Economics,
  • Development - Economic Development,
  • Development - Sustainable Development,
  • Insurance - General,
  • Africa,
  • Insurance,
  • Poverty,
  • Risk (Insurance)

  • The Physical Object
    FormatPaperback
    Number of Pages64
    ID Numbers
    Open LibraryOL11416956M
    ISBN 100821370367
    ISBN 109780821370360

    Furthermore, index‐based insurance and risk‐reducing technology play complementary risk‐sharing roles: insurance can cover the residual risks from severe climate‐related shocks that technologies alone cannot handle, while technologies reduce the risks that insurance must cover, and therefore also its cost (Hansen et al., ).Author: Janna D. Tenzing, Janna D. Tenzing.   As with all index insurance products, the substantial basis risk associated with IBLI could leave livestock loss uninsured due to imperfect correlation between the drought predicted by the index and losses experienced at the household level (Jensen, Barrett, and Mude ).Animal losses due to covariate shocks that are not covered by IBLI, such as animal disease unrelated to rangeland Cited by: 3. The collapse of some insurance companies coupled with little emphasis on some of the risk factors in estimating motor insurance claims would give room for unfairness in making study has revealed the difference in the contribution level to making claims This allowed for an in-depth analysis of claim variables to assist in understanding the motor insurance SIC Insurance Author: Bashiru Imoro Ibn Saeed.


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Insurance Against Covariate Shocks by Harold Alderman Download PDF EPUB FB2

Poor people in developing countries are often affected by droughts, floods, illness, crop failure, job loss, and economic downturns. Much of their energy goes into coping with these shocks and into day-to-day survival.

While insurance and credit markets, combined with widespread social security, provide an important cushion against poverty in rich countries, the need for immediate survival may. A range of informal mechanisms to insure rural households against the impact of shocks, but they are a modest component of a risk layering strategy for well-off households and even less protective for low-income households.

Insurance Against Covariate Shocks: The Role of Index-Based Insurance in Social Protection in Low-Income Countries of. Get this from a library. Insurance against covariate shocks: the role of index-based insurance in social protection in low-income countries of Africa.

[Harold Alderman; Trina Haque; World Bank.]. of covariate shocks. The literature on insurance notes the importance of moral hazard,under which the insured individual modifies his behavior in response to having insurance, and thus changes low-yield production strategy World Bank Working Paper.

Insurance Against Covariate Shocks. of. Read this book on Questia. Read the full-text online edition of Insurance against Poverty (). Home» Browse» Books» Nevertheless, the scope of these mechanisms remains limited. Repeated individual-specific shocks such as illness or pests, or covariate risks associated with drought, flood, or recession, undermine the ability of.

Big Data Shocks examines the roots of big data, the current climate and rising stars in this world. The book explores the issues raised by big data and discusses theoretical as well as practical approaches to managing information whose scope exists beyond the human scale. Insurance Against Poverty (WIDER Studies in Development Economics) - Kindle edition by Dercon, Stefan.

Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Insurance Against Poverty (WIDER Studies in Development Economics).

In this context, index-based insurance is seen as a promising scheme as it is immune to moral hazard and adverse selection and may offer effective protection against covariate shocks. Note: If you're looking for a free download links of Insurance Against Poverty (W I D E R Studies in Development Economics) Pdf, epub, docx and torrent then this site is not for you.

only do ebook promotions online and we does not distribute any free download of ebook on this site. Harold Alderman & Trina Haque, "Insurance Against Covariate Shocks: The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africa," World Bank Publications, The World Bank, numberMarch.

Handle: RePEc:wbk:wbpubs Abstract This paper examines the impact of shocks on food security and the insurance role of social capital and informal social networks. In particular, by combining household panel data, weather data, self-reported shocks and detailed social capital information, the paper investigates the insurance role of social capital against covariate and idiosyncratic by: 8.

Stefan Dercon (ed.), Insurance Against Poverty. UNU‐WIDER Studies in Development Economics. Oxford: Oxford University Press, xvi + pp. £ hardback. This is a splendid collection of papers, with several important contributions by the editor himself.

It combines new and interesting theoretical perspectives on and empirical insights into sources of risks, their welfare. tools or household durables as well as crimes against persons. Health shocks include both death and illness. Apart from climatic risks and economic fluctuations, a large number of idiosyncratic shocks make health insurance or social security.

The mode likely to differ between idiosyncratic and covariate shocks. CovariateFile Size: 1MB. Buy Insurance Against Poverty (WIDER Studies in Development Economics) by Dercon, Stefan (ISBN: ) from Amazon's Book Store. Everyday low prices and free delivery on eligible : Hardcover. The Dynamics of Informal Responses to Covariate Shocks Armenia, in a way that could not be achieved solely through state or market institutions (Conning & Kevane, ).

This chapter examines the different strategies used by households and individuals to avoid consumption shortfalls caused by risk.

It focuses on income-based strategies, assets as self-insurance, and informal insurance arrangements. Income-based strategies are limited due to entry constraints into profitable activities. Self-insurance is limited by access to assets and poor functioning of asset.

Rent or Buy Insurance Against Poverty - by Dercon, Stefan for as low as $ at Voted #1 site for Buying Textbooks. Much of their energy goes into coping with these shocks and into day-to-day survival.

While insurance and credit markets, combined with widespread social security, provide an important cushion against poverty in rich countries, the need for immediate survival may lock the poor into persistent poverty in developing cturer: OUP Oxford.

Although a natural disaster is a region-wide covariate shock (i.e., all households in the region suffer from strong wind, for example) and mutual insurance tends to be considered ineffective against covariate shocks, the damage experienced by individual households can have a significant idiosyncratic component insurable through informal risk Cited by: Group insurance against common shocks Alain de Janvry,zVianney Dequiedt,x and Elisabeth Sadouletz zAgricultural and Resource Economics Department, UC Berkeley, xCERDI, Universit e d’Auvergne January, Abstract We study insurance against common shocks in cooperatives and other productive groups of individuals.

Adaptation is a process of managing the hazards, risks, and opportunities posed by climate change (Burton et al., ; Smit and Wandel, ).Adaptations can be incremental or transformational: incremental adaptations maintain the structure and essence of a system or process, while transformational adaptations alter the structure and elemental attributes of a system (Park et al., ).Cited by: 3.

Insurance Against Covariate Shocks: The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africa Harold Alderman & Trina Haque $ Insurance Against Covariate Shocks: The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africa Alderman, Harold; Haque, Trina () 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.

Dependent and independent variables are variables in mathematical modeling, statistical modeling and experimental ndent variables are controlled ent variables represent the output or outcome resulting from altering these inputs.

Of the two, it is always the dependent variable whose variation is being studied, by altering inputs, also known as regressors in a. Insuring against Bad Weather: Recent Thinking Peter Hazell and Jerry Skees 3 prone areas than prudent investors would otherwise build.4 Similarly, assured compensation for crop losses in drought prone areas may encourage farmers to grow more of the compensated crops even when they are more vulnerable to drought than alternative crops or land uses.

This does not guarantee full insurance against covariate risks. Another informal and ex-post strategy used by poor farmers and pastoralists is the depletion of productive assets to offset income shocks and stabilise consumption (Carter et al.

).Author: Federica Di Marcantonio, François Kayitakire. Insurance Against Covariate Shocks: The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africa Uninsured risks have far reaching consequences for rural growth as well as poverty reduction.

A range of informal mechanisms to insure rural households against the impact of shocks, but they are a. this is a docudrama on the weather-index based crop insurance in Bangladesh. this is a first docudrama on the crop insurance.

[PDF] Insurance Against Covariate Shocks: The Role of Index-Based Insurance in Social Protection. the field of insurance. An improvement of methods for reducing of actuarial risk in insurance company is effective tool for insurance risk management. While the risk assessment of insurance company in connection with her solvency is a complex and comprehensive problem, its solution starts with statistical modelling of number andFile Size: KB.

Although weather shocks are a major source of income fluctuation, most of the world's poor lack insurance coverage against them. Absence of formal insurance contributes to poverty traps, as investment decisions are conflicted with risk management ones: risk-averse farmers tend to underinvest and produce lower yielding yet safer crops.

MICROINSURANCE PAPER No. 1 LITERATURE REVIEW ON MICROINSURANCE Stefan Dercon*^ and Martina Kirchberger* in collaboration with Jan Willem Gunning^ and Jean- overall only partial smoothing of shocks, especially related to covariate shocks Impact beyond consumption or income The Two Poverties, in S.

Dercon (ed.), Insurance Against Poverty. The International Panel on Climate Change (IPCC) has called for a new balance between reducing the risks from climate extremes and transferring them (for example, through insurance) as means for effectively preparing for and managing disaster impacts in a changing climate.

This paper elaborates on this balance with an overview of disaster risk financing mechanisms and how they Cited by: Insurance that covers from the first dollar, sometimes after a deductible. Pro Rata – Either the distribution of the amount of insurance under one contract among several interests or the distribution of liability among several insurers on a certain risk.

Pro Rata Rate – A fee charge for a coverage term shorted than the normal period. Insurance against Covariate Shocks- the Role of Index Based Insurance in Social protection in Lower Income Countries of Africa.

Working Pa Washington D.C.: World Bank. Anderson, J. R, of the potential of collective action to insure against shocks and under what conditions is featured prominently here.

The new insight that this chapter brings is our finding that there is a need to spatially diversify networks in certain cases, especially to protect against covariate shocks. In addition to. Introduction. Empirical evidence suggests that irrigation projects have positive impacts on agricultural production and the reduction of poverty for farmers (Hussain and Hanjra,Hussain, a, Hussain, b, Lipton, Smith, ).According to the World Development Reportthe overall economic rate of return for projects has also increased over the past 30 by:   Weather index insurance provides protection for vulnerable households against specific weather shocks (e.g.

rainfall shortage or flooding) by using historical rainfall, yield and related agronomic and weather data (Osgood et al. ; Barnett et al. Footnote 3 A contract is signed between an insurer and a policy holder in by: With an active land market, this can be an effective way to cope with idiosyn- cratic shocks, but it may afford less protec- tion against covariate shocks as all house- holds try to sell their land simultaneously, sending prices downward.

How efficient are these informal insurance mechanisms in smoothing consumption. A range of papers have tested the complete market hypothesis of the existence of full insurance against idiosyncratic shocks.

Townsend () examines villages in semi-arid India, and concludes that there is a considerable degree of consumption smoothing does take. Risk Shocks by Lawrence J. Christiano, Roberto Motto and Massimo Rostagno. Published in volumeissue 1, pages of American Economic Review, JanuaryAbstract: We augment a standard monetary dynamic general equilibrium model to include a Bernanke-Gertler-Gilchrist financial accelerato.strategies of the farmers fail against covariate weather shocks and the existing multi-peril crop insurance scheme (NAIS) has not performed satisfactorily in terms of its coverage of the predominant non-loaneel farmers, weather insurance emerges as an important alternative.relationship between consumption and income inequality is maintained.

We find some partial insurance of permanent income shocks with more insurance possibilities for the college educated and those approaching retirement. We find little evidence against full insurance for transitory income shocks except among low wealth households.