preferences. Full insurance cannot be rejected. As the risk-sharing as-if-complete-markets theory might predict, estimated risk …

insurance product designed to compensate low-income Indian farmers in the event of insufficient rainfall during the primary … purchase the insurance, even though they overwhelmingly cite rainfall variability as their most significant source of risk. We … then conduct a series of randomized field experiments to test theories of why product adoption is so low. Insurance …

transaction costs compared to (re)insurance products. Insurance coverage usually incurs costs of acquisition, monitoring and loss … tools in a standard insurance demand theory environment. We concentrate on the problem of basis risk versus transaction cost …

drive the demand for risk reduction, and some to alter both. Our findings suggest that 30 percent of all insurance payments …

uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify …

intermediaries and the perceived barriers to adopting may influence farmers' intention to adopt the insurance and to participate in … structural equation modeling. The results confirm the positive role of trust in influencing the intention to adopt the insurance …, which is notoriously affected by problems of information asymmetry. Similarly, trust is a key element in influencing the …

This paper investigates whether and how the crowding-out effect of formal insurance on informal risk sharing is … mitigated by social preference change. We design a lab experiment in which formal insurance is introduced and removed … significantly improved after the removal of formal insurance, and the pattern mainly occurs when one subject obtains insurance but …

For years, the insurance industry was essentially about mathematical quantification and financial transformation of …, cyber risk is expanding rapidly. Here, Prof. W. Jean Kwon looks at how the insurance industry will adapt to the “cyber …

Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard …

insurance demand or consumption. Empirical research on risk aversion may be categorized into two main areas, i.e. 1) the …. The paper reviews this literature as well as empirical studies on the demand for insurance considering the use of …