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Microinsurance : A Case Study of the Indian Rainfall Index Insurance Market

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dc.contributor.authorMenand, Lev
dc.contributor.authorGiné, Xavier
dc.contributor.authorTownsend, Robert
dc.contributor.authorVickery, James
dc.date.accessioned2012-03-19T18:43:40Z
dc.date.available2012-03-19T18:43:40Z
dc.date.issued2010-10-01
dc.description.abstractRainfall index insurance provides a payout based on measured local rainfall during key phases of the agricultural season, and in principle can help rural households diversify a key source of idiosyncratic risk. This paper describes basic features of rainfall insurance contracts offered in India since 2003, and documents stylized facts about market demand and the distribution of payouts. The authors summarize the results of previous research on this market, which provides evidence that price, liquidity constraints, and trust all present significant barriers to increased take-up. They also discuss potential future prospects for rainfall insurance and other index insurance products.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111116161636
dc.identifier.doi10.1596/1813-9450-5459
dc.identifier.urihttps://hdl.handle.net/10986/4002
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5459
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE COSTS
dc.subjectADMINISTRATIVE DATA
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAGRICULTURAL INSURANCE SCHEME
dc.subjectALLOCATION
dc.subjectBANK ACCOUNT
dc.subjectBANK POLICY
dc.subjectBANKS
dc.subjectBASIS RISK
dc.subjectBEHAVIORAL ECONOMICS
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectBROKERS
dc.subjectBUSINESS SCHOOL
dc.subjectCALCULATIONS
dc.subjectCAPITAL MARKET
dc.subjectCASH PAYMENT
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCONSUMER
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER LOAN
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMPTION PATTERNS
dc.subjectCONSUMPTION SMOOTHING
dc.subjectCONTRACT DESIGN
dc.subjectCONTRIBUTION
dc.subjectCOUPONS
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT PRODUCTS
dc.subjectCROP INSURANCE
dc.subjectCROP INSURANCE SCHEME
dc.subjectDAMAGES
dc.subjectDEBT
dc.subjectDEBT CAPACITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISABILITY
dc.subjectDISBURSEMENTS
dc.subjectDIVERSIFICATION
dc.subjectDROUGHT
dc.subjectDROUGHT INSURANCE
dc.subjectDROUGHTS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEMERGING MARKETS
dc.subjectEXPENDITURE
dc.subjectEXTREME TAIL
dc.subjectEXTREME WEATHER
dc.subjectEXTREME WEATHER EVENTS
dc.subjectFAMILY MEMBER
dc.subjectFAMILY MEMBERS
dc.subjectFAMILY PLANNING
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL CONSTRAINTS
dc.subjectFINANCIAL INNOVATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEMS
dc.subjectFLOOD INSURANCE
dc.subjectGENERAL INSURANCE
dc.subjectGOVERNMENT ASSISTANCE
dc.subjectGOVERNMENT CROP INSURANCE
dc.subjectGOVERNMENT INSURANCE
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHURRICANES
dc.subjectINCOME
dc.subjectINCOME SHOCKS
dc.subjectINCOME SMOOTHING
dc.subjectINCOME VARIABILITY
dc.subjectINDEMNITY
dc.subjectINFORMAL INSURANCE
dc.subjectINSURANCE
dc.subjectINSURANCE AGENTS
dc.subjectINSURANCE ARRANGEMENTS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE CONTRACT
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE CULTURE
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PAYOUT
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE REGULATIONS
dc.subjectINSURANCE SCHEME
dc.subjectINSURANCE SCHEMES
dc.subjectINSURANCE UNDERWRITERS
dc.subjectINSURERS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTEREST WAIVERS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVESTMENT CHOICE
dc.subjectLABOR MARKETS
dc.subjectLABOR SUPPLY
dc.subjectLANDOWNERS
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLIVESTOCK INSURANCE
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOAN DEMAND
dc.subjectLOCAL AREA BANK
dc.subjectLOCAL FINANCIAL INSTITUTIONS
dc.subjectLOST INCOME
dc.subjectLOW-INCOME
dc.subjectLOW-INCOME INDIVIDUALS
dc.subjectLOWER PRICES
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARGINAL UTILITY
dc.subjectMARGINAL UTILITY OF CONSUMPTION
dc.subjectMARKET COMPETITION
dc.subjectMARKET DEMAND
dc.subjectMARKET PENETRATION
dc.subjectMARKET SHARE
dc.subjectMARKET SIZE
dc.subjectMARKET STRUCTURE
dc.subjectMARKETING
dc.subjectMATURE MARKET
dc.subjectMICRO INSURANCE
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROINSURANCE
dc.subjectMONEYLENDERS
dc.subjectMORAL HAZARD
dc.subjectNATIONAL INSURANCE
dc.subjectNATURAL DISASTERS
dc.subjectOTHER ASSETS
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIO
dc.subjectPRICE OF COAL
dc.subjectPROBABILITY
dc.subjectPRODUCTIVITY
dc.subjectPROGRAMS
dc.subjectPURCHASES
dc.subjectRATE OF RETURN
dc.subjectRATES OF RETURN
dc.subjectREINSURANCE
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRESOURCE ALLOCATION
dc.subjectRETURNS
dc.subjectRISK AVERSION
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MITIGATION
dc.subjectRISK OF DEFAULT
dc.subjectRISK REDUCTION
dc.subjectRISK SHARING
dc.subjectRISK TAKING
dc.subjectRISKS OF CLIMATE CHANGE
dc.subjectSALE
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSETTLEMENT
dc.subjectSOCIOECONOMIC STATUS
dc.subjectSTOCK MARKET
dc.subjectSUSTAINABILITY
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITORY INCOME
dc.subjectUNDERINSURED
dc.subjectUNDERWRITERS
dc.subjectVALUABLE
dc.subjectVALUATION
dc.subjectWEATHER INSURANCE
dc.subjectWELFARE PROGRAMS
dc.subjectWORST-CASE
dc.subjectWORTH
dc.titleMicroinsurance : A Case Study of the Indian Rainfall Index Insurance Marketen
dspace.entity.typePublication
okr.crossref.titleMicroinsurance: a case study of the Indian rainfall index insurance market
okr.date.disclosure2010-10-01
okr.date.doiregistration2025-04-10T11:06:50.511150Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111116161636
okr.guid476001468258327462
okr.identifier.doi10.1596/1813-9450-5459
okr.identifier.externaldocumentum000158349_20111116161636
okr.identifier.internaldocumentum15478576
okr.identifier.reportWPS5459
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/11/16/000158349_20111116161636/Rendered/PDF/WPS5459.pdfen
okr.region.administrativeSouth Asia
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.region.geographicalSouth Asia
okr.region.geographicalAsia
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication460a3e9c-f7d0-5335-977a-578f6fc8ebe3
relation.isAuthorOfPublication.latestForDiscovery460a3e9c-f7d0-5335-977a-578f6fc8ebe3
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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