Weather Index Insurance for Agriculture : Guidance for Development Practitioners
This paper is a distillation of the findings of the work undertaken by the World Bank. It is deliberately not a collation of case studies, but rather a practical overview of the subject. The purpose of this paper is to introduce task managers and d...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/590721468155130451/Weather-index-insurance-for-agriculture-guidance-for-development-practitioners http://hdl.handle.net/10986/26889 |
| Summary: | This paper is a distillation of the
findings of the work undertaken by the World Bank. It is
deliberately not a collation of case studies, but rather a
practical overview of the subject. The purpose of this paper
is to introduce task managers and development professionals,
who are not insurance sector specialists, to weather index
insurance. Ultimately, the paper seeks to take the reader
through the main decision points that would lead to a
decision to embark upon a weather index insurance pilot and
then assists them to understand the technical procedures and
requirements that are involved with it. In addition, the
paper seeks to advise the reader of the practical challenges
and implications that are involved with a pilot of this
nature and what they might expect to encounter during the
initial stages of implementation. The very nature of an
index based product creates the chance that an insured party
may not be paid when they suffer loss and/or that they may
receive a payment when they have suffered no loss. This
paper also does not seek to delve deeply into the technical
details and science that lie behind the 'black
box' that is at the heart of the index. |
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