Publication:
Insurance Against Covariate Shocks : The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africa

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dc.contributor.authorAlderman, Harold
dc.contributor.authorHaque, Trina
dc.date.accessioned2012-05-31T14:37:40Z
dc.date.available2012-05-31T14:37:40Z
dc.date.issued2007
dc.description.abstractIndex insurance, such as weather indexing, addresses other inherent problems in insurance by using an indicator that is not affected by individual behavior and may address monitoring costs and moral hazard. A number of innovations using index insurance are being tried currently in diverse settings ranging from India to Mongolia to Malawi. Marketing costs may limit the provision of such insurance to small farmers, but even in such cases microfinance institutes may serve as market intermediaries. Moreover, state and submational governments can use insurance to achieve countercyclical funding programs. In this vein, municipal governments in Mexico have used insurance to finance disaster contingency while the World Food Program has insured a portion of its emergency assistance to Ethiopia. Humanitarian organizations and NGOs may also seek insurance in this manner.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/01/7735571/insurance-against-covariate-shocks-role-index-based-insurance-social-protection-low-income-countries-africa
dc.identifier.doi10.1596/978-0-8213-7036-0
dc.identifier.isbn0-8213-7036-7
dc.identifier.urihttps://hdl.handle.net/10986/6736
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesWorld Bank Working Paper No. 95
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectADMINISTRATIVE COSTS
dc.subjectAGENTS
dc.subjectAGRICULTURAL INPUTS
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAPPLICATIONS
dc.subjectARID LANDS
dc.subjectBASIS RISK
dc.subjectBENEFICIARIES
dc.subjectBLOCK GRANT
dc.subjectCASH PAYMENTS
dc.subjectCHILD HEALTH
dc.subjectCHRONIC POVERTY
dc.subjectCOMMERCIAL BANKS
dc.subjectCONTINGENCY PLANNING
dc.subjectCORRELATES OF POVERTY
dc.subjectCOVARIATE SHOCKS
dc.subjectCOVERAGE
dc.subjectCREDIT INSURANCE
dc.subjectCROP INSURANCE
dc.subjectDEBT
dc.subjectDEFAULT RISK
dc.subjectDEMAND FOR INSURANCE
dc.subjectDISASTER RELIEF
dc.subjectDROUGHT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SHOCK
dc.subjectECONOMIC SHOCKS
dc.subjectEMERGENCY ASSISTANCE
dc.subjectEMERGENCY RELIEF
dc.subjectFAMINE
dc.subjectFARM SIZE
dc.subjectFARMERS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL SERVICES
dc.subjectFLOOD INSURANCE
dc.subjectFOOD AID
dc.subjectFOOD PROGRAM
dc.subjectFORMAL INSURANCE
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMANITARIAN AID
dc.subjectIMPACT OF SHOCKS
dc.subjectINCOME
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LOSS
dc.subjectINCOME SHOCKS
dc.subjectINCOME TRANSFER
dc.subjectINDEMNITY
dc.subjectINFORMAL INSURANCE
dc.subjectINFORMAL INSURANCE MECHANISMS
dc.subjectINFORMAL MECHANISMS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE FUNCTION
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE MECHANISMS
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCES
dc.subjectINSURERS
dc.subjectINVENTORY
dc.subjectLENDING INSTITUTIONS
dc.subjectLIVESTOCK PRODUCTION
dc.subjectLIVESTOCK SPECIES
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOSS OF INCOME
dc.subjectMALNUTRITION
dc.subjectMARKET
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMICRO FINANCE
dc.subjectMICRO-INSURANCE
dc.subjectMICROFINANCE
dc.subjectMORAL HAZARD
dc.subjectMORAL HAZARDS
dc.subjectMORTALITY
dc.subjectMUNICIPAL GOVERNMENTS
dc.subjectMUNICIPALITIES
dc.subjectNATURAL DISASTER
dc.subjectNATURAL DISASTERS
dc.subjectPOOR
dc.subjectPOOR FARMERS
dc.subjectPOOR HOUSEHOLD
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY TRAPS
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE INSURANCE COMPANIES
dc.subjectPRIVATE INSURERS
dc.subjectPRODUCTION INCENTIVES
dc.subjectPRODUCTIVE ASSETS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC INTERVENTION
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC WORKS
dc.subjectPUBLIC WORKS PROGRAMS
dc.subjectRAINFALL INSURANCE
dc.subjectRATES
dc.subjectREINSURANCE
dc.subjectREINSURANCE COMPANIES
dc.subjectRELIEF OPERATIONS
dc.subjectRESOURCE ALLOCATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK MITIGATION
dc.subjectRISK POOLING
dc.subjectRISK REDUCTION
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL DEVELOPMENT
dc.subjectRURAL GROWTH
dc.subjectRURAL HOUSEHOLDS
dc.subjectSAFETY NETS
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNTS
dc.subjectSELF-INSURANCE
dc.subjectSHOCK
dc.subjectSOCIAL FUNDS
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NET
dc.subjectSUBNATIONAL GOVERNMENTS
dc.subjectSUBSIDIARY
dc.subjectSUSTAINABILITY
dc.subjectTARGETED TRANSFER PROGRAMS
dc.subjectTARGETING
dc.subjectTRANSFER PROGRAM
dc.subjectWAGES
dc.subjectWEATHER INSURANCE
dc.subjectWEATHER SHOCKS
dc.subjectWORK PROGRAMS
dc.titleInsurance Against Covariate Shocks : The Role of Index-Based Insurance in Social Protection in Low-Income Countries of Africaen
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2007/01/7735571/insurance-against-covariate-shocks-role-index-based-insurance-social-protection-low-income-countries-africa
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeHealth, Nutrition, and Population
okr.guid158791467990329754
okr.identifier.doi10.1596/978-0-8213-7036-0
okr.identifier.externaldocumentum000090341_20070618152544
okr.identifier.internaldocumentum7735571
okr.identifier.report40002
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/06/18/000090341_20070618152544/Rendered/PDF/400020PAPER0Co10082137036701PUBLIC1.pdfen
okr.region.administrativeAfrica
okr.region.geographicalAfrica
okr.topicSocial Protections and Labor::Safety Nets and Transfers
okr.topicBanks and Banking Reform
okr.topicInsurance and Risk Mitigation
okr.topicHealth Economics and Finance
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicFinance and Financial Sector Development
okr.topicHealth, Nutrition and Population
okr.unitOffice of the Publisher (EXTOP)
okr.volume1 of 1
relation.isSeriesOfPublication3e126efc-de2f-4a95-be5b-bd2e430a4843
relation.isSeriesOfPublication.latestForDiscovery3e126efc-de2f-4a95-be5b-bd2e430a4843
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