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Agricultural Index Insurance for Development
Author(s) -
Jensen Nathaniel,
Barrett Christopher
Publication year - 2017
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1093/aepp/ppw022
Subject(s) - index (typography) , business , agriculture , livestock , quality (philosophy) , key person insurance , actuarial science , key (lock) , microinsurance , insurance policy , public economics , finance , economics , risk management , geography , computer science , philosophy , computer security , archaeology , epistemology , world wide web , forestry
Index insurance is often promoted as a solution to many of the barriers that are thought to limit the supply of formal insurance coverage to smallholder farmers and livestock owners in developing countries. This manuscript summarizes the state of index insurance, paying special attention to the key challenges facing index insurance if it is to become a more effective tool for development. We then offer recommendations to tackle those challenges by strategically investing in a set of public goods and services geared towards addressing key informational gaps and improving the quality of index insurance products around the world.