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| Title | State of Knowledge Report - Market Development for Weather Index Insurance Key Considerations for Sustainability and Scale Up |
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| Author | Anne Murphy, Barry Barnett, Nadezda Nikolova, Jason Hartell, Jerry Skees, and Richard Carpenter |
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| Country | Global |
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| Content Language | English (en) |
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| Document Type | Paper |
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| Date Of Publication | 2011 |
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| Description | State of Knowledge Reports (SKRs) focuses on developing markets for weather index insurance.
Three general recommendations emerge from this SKR and the preceding reports in this series.
1. From the outset, projects supporting index insurance must formulate an evaluation plan related to targeted development objectives. When derived from a clearly defined causal theory of change, evaluation strategies can aid investment and expansion decisions.
2. Rather than providing premium subsidies, donor and government funds should be used to invest in building local capacity and to establish the proper institutional frameworks that can support the development and growth of index insurance markets in lower income countries.
3. To address challenges in the market development process, product design should focus on: products for risk aggregators; Insuring against the broader economic consequences of weather risk, not just direct losses; Insuring against low-‐frequency, catastrophic risks; and c. Reducing costs and adding value through innovative design and delivery features. |
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| Publisher | GlobalAgRisk, Inc. |
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| Number of Pages | 99 pp. |
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| Keywords | INSURANCE, WEATHER INDEX-BASED INSURANCE |
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paper (EN)
