Index Insurance for Weather Risk in Lower-Income Countries
This primer focuses on innovation in weather insurance designed to fit the special circumstances of lower-income countries where rural and agricultural financial markets are largely underdeveloped. It contains sections on the following key topics:
- An introduction to index insurance
- Effects of weather risk in lower-income countries
- Importance of weather insurance for lower-income countries
- Traditional weather insurance for mitigating agricultural weather risks
- A new approach – index-insurance for weather risk
- Role of governments and donors
- Preconditions for and restrictions to index insurance
- Feasibility study for index insurance
- Pilot-testing of index insurance
- Applications of index insurance