Risk modeling for appraising named peril index insurance products : a guide for practitioners

Front Cover -- Contents -- Foreword -- Acknowledgments -- About the Authors -- Endorsements -- Abbreviations -- Chapter 1 Introduction -- 1.1 Guide Overview -- 1.2 The Case Example -- Bibliography -- Chapter 2 Critical Concepts in Named Peril Index Insurance -- 2.1 Why Is Insurance Useful for Smallholder Farmers? -- 2.2 What Is Named Peril Index Insurance? -- 2.3 Who Are the Main Stakeholders in the Risk Transfer Process? -- 2.4 How Are Named Peril Index Insurance Products Developed? -- Note -- Bibliography -- Part 1 Decision Tools for Insurance Managers -- Chapter 3 Prefeasibility Study -- 3.1 Introduction -- 3.2 Outline of Emerging Managerial and Process Controls -- Note -- Bibliography -- Chapter 4 Product Design and Evaluation-The Base Index -- 4.1 Introduction -- 4.2 Basis Risk and the Implied Deductible -- 4.3 Steps in Product Design and Evaluation -- Bibliography -- Chapter 5 Product Pricing-The Base Index -- 5.1 Introduction -- 5.2 Outline of Emerging Managerial and Process Controls -- Bibliography -- Chapter 6 Product Evaluation-The Redesigned Index -- 6.1 Introduction -- 6.2 Outline of Emerging Managerial and Process Controls -- 6.3 Step 1: Determine Key Model Inputs and Assumptions -- 6.4 Step 2: Evaluate Key Managerial Decision Metrics -- 6.5 Step 3: Document and Communicate the Product Options and Business Decision -- Bibliography -- Chapter 7 Detailed Market Analysis -- 7.1 Introduction -- 7.2 Outline of Emerging Managerial and Process Controls -- Note -- Bibliography -- Chapter 8 Value of Index Insurance to a Financier -- 8.1 Introduction -- 8.2 Outline of Emerging Managerial and Process Controls -- Part 1 Conclusion -- Notes -- Bibliography -- Part 2 Probabilistic Modeling for Insurance Analysts -- Chapter 9 How to Use Part 2 -- 9.1 Introduction -- 9.2 Website