IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-94-007-4839-2_1.html
   My bibliography  Save this book chapter

The Value of Information in Index Insurance for Farmers in Africa

In: The Value of Information

Author

Listed:
  • Daniel Osgood

    (Columbia University)

  • Kenneth E. Shirley

    (AT&T Labs Research
    Columbia University)

Abstract

Index insurance is a relatively new approach for providing climate risk protection to low-income farmers in developing countries. Because this insurance is implemented in data-poor environments, information constraints and uncertainty substantially affect the products. Since insurance is a tool that can be used to exchange uncertainty in the market, the level of information available directly alters prices, with insurance protection for climate risk and insurance protection for information uncertainties about climate risks both being components of the final price. Using data, methodologies, and contracts for index insurance applications in Africa, the chapter presents this concrete component of the value of information by quantifying the value of improved data in lowering insurance prices. It provides a brief overview of index insurance in developing countries and discusses the value of remote sensing in informing the index and the role of climate trends.

Suggested Citation

  • Daniel Osgood & Kenneth E. Shirley, 2012. "The Value of Information in Index Insurance for Farmers in Africa," Springer Books, in: Ramanan Laxminarayan & Molly K. Macauley (ed.), The Value of Information, edition 127, chapter 0, pages 1-18, Springer.
    • Handle: RePEc:spr:sprchp:978-94-007-4839-2_1
    DOI: 10.1007/978-94-007-4839-2_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shih‐Chieh Liao & Shih‐Chieh Chang & Tsung‐Chi Cheng, 2022. "Index‐based renewable energy insurance for Taiwan Solar Photovoltaic Power Plants," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(2), pages 145-172, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-94-007-4839-2_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.