This study examines whether receiving anticipatory cash transfers during an extreme winter affects households’ demand for index-based livestock insurance. We exploit a randomized field experiment conducted during the 2020/21 winter disaster in western Mongolia and combine household panel...

This paper analyzes how the agricultural insurance market is adapting to climate change, particularly as extreme weather events become more frequent and severe. We focus on the optimal decision faced by a risk-averse farmer who wants to insure their crop while making savings. They can choose...

The insurance market in Uzbekistan is characterized by its heavy focus of risk management on strategic crops like cotton and wheat and the very close coupling of insurance with agricultural loans. The majority of farmers who received a subsidized production credit from the agricultural bank...

This study replicates the work of Bucheli et al. (2022) to evaluate the reliability and generalizability of their findings on the use of cubic spline methods in weather index insurance design in Eastern Germany. The study consists of two parts: a direct replication and an extended replication...

Agricultural insurances based on a climate index are an innovative form of insurance that represent a viable alternative for low-income countries. Such insurances are tied to a climatic index (e.g. the level of precipitation, temperature, humidity or crop yield) rather than an actual loss. This...

Rainfall is an important source of covariate shock in developing countries. Insurance against a rainfall index has, therefore, held much promise as a formal insurance product to protect the livelihoods of poor farmers. But how good is rainfall as a measure of covariate shocks? The imperfect...

There is growing concern that climate change poses a serious threat to the sustainability of the insurance business. Understanding whether climate warming is a cause for an increase in claims and losses, and how this cause-effect relationship will develop in the future, are two significant open...

Agricultural insurances based on a climate index are an innovative form of insurance that represent a viable alternative for low-income countries. Such insurances are tied to a climatic index (e.g. the level of precipitation, temperature, humidity or crop yield) rather than an actual loss. This...