Weitere Kapitel dieses Buchs durch Wischen aufrufen
Can insurance cost-effectively mitigate the increasingly deleterious impacts of climate risk on poverty and food insecurity? The theory reviewed in this chapter suggests an affirmative answer if well-designed insurance contracts can be implemented and priced at a reasonable level despite the uncertainties that attend climate change. Evidence from the IBLI index insurance project in the pastoral regions in East Africa suggest that these practical difficulties can be overcome and that insurance can have the impacts that underlay the positive theoretical evaluation. At the same time, continuing analysis of the IBLI experience suggests that much remains to be done if quality index insurance contracts are to be scaled up and sustained. We conclude that insurance is not an easy, off-the-shelf solution to the problem of climate risk and food insecurity. Creativity in the technical and institutional design of contracts is still required, as are efforts to forge the more effective public-private partnerships needed to price insurance at levels that will allow insurance to fulfill its potential as part of an integrated approach to social protection and food security in an era of climate change.
Barré, T. et al. 2016. “Assessing index insurance: conceptual approach and empirical illustration from Burkina Faso.” Unpublished.
Barré, T., Q. Stoeffler, and M. Carter. 2016. “Assessing index insurance: conceptual approach and empirical illustration from Burkina Faso.” Unpublished.
Barrett, C.B., M.R. Carter, and M. Ikegami. 2013. “Poverty Traps and Social Pro- tection.” Unpublished.
Boucher, S., and M. Delpierre. 2014. “The impact of index-based insurance on infor- mal risk-sharing arrangements.” Working paper, CEPS/INSTEAD.
Carter, M. 2013. “Sharing the Risk and the Uncertainty: Public-Private Reinsurance Partnerships for Viable Agricultural Insurance Markets.” I4 Index Insurance Innovation Initiative Brief 1.
Carter, M.R., S. Boucher, and M.J. Castillo. 2014. “Index Insurance: Innovative Financial Technology to Break the Cycle of Risk and Rural Poverty in Ecuador.” Working paper, I4, Index Insurance Innovation Initiative.
Carter, M.R., and Janzen, S. 2015. “Social Protection in the Face of Climate Change: Targeting Principles and Financing Mechanisms .” World Bank Policy Research Working Paper WPS7476.
Chantarat, S., A. Mude, C. Barrett, and C. Turvey. 2010. “The Performance of Index Based Livestock Insurance in the Presence of a Poverty Trap.” Unpublished.
Chantarat, S., A.G. Mude, C.B. Barrett, and M.R. Carter. 2013. “Designing index- based livestock insurance for managing asset risk in northern Kenya.” Journal of Risk and Insurance 80:205–237. CrossRef
Clarke D. 2016. A theory of rational demand for index insurance. Am Econ J Microecon 8(1):283–306, CrossRef
Clarke, D., O. Mahul, K.N. Rao, and N. Verma. 2012. “Weather based crop insurance in India.” World Bank Policy Research Working Paper, pp.
Collier, B., J. Skees, and B. Barnett. 2009. “Weather index insurance and climate change: opportunities and challenges in lower income countries.” The Geneva Papers on Risk and Insurance-Issues and Practice 34:401–424. CrossRef
Elabed, G., M.F. Bellemare, M.R. Carter, and C. Guirkinger. 2013. “Managing basis risk with multiscale index insurance.” Agricultural Economics 44:419–431. CrossRef
Elabed, G., and M. Carter. 2017. “Ex-ante impacts of agricultural insurance: Evidence from a field experiment in Mali,” working paper.
Hazell, P.B.R. 2006. “The appropriate role of agricultureal insurance in developing countries.” Journal of International Development 4:567–581. CrossRef
Hazell, P.B.R., and A. Valdes. 1985. Crop insurance for agricultural development: Issues and experiences,. Baltimore, Maryland, USA: John Hopkins University Press, International Food Policy Research Institute, Washington, DC USA.
Ikegami, M., Carter, M.R., Barrett, C.B. and Janzen, S. (forthcoming). “Poverty Traps and the Social Protection Paradox,” in C.B. Barrett, M.R. Carter and J. Chavas The Economics of Asset Accumulation and Poverty Traps (Chicago: University of Chicago Press).
Janzen, S.A., and Cartern, M.R.. 2017. “After the drought: The impact of microinsur- ance on consumption smoothing and asset protection.” NBER Working Paper No. 19702.
Janzen, S.A., M.R. Carter, and M. Ikegami. 2015. “Valuing Asset Insurance in the Presence of Poverty Traps,” working paper.
Jensen, N., M. Ikegami, and A. Mude. 2016. “Integrating social protection strategies for improved impact: A comparative evaluation of cash transfers and index insurance in Kenya.” Unpublished.
Jensen, N.D., and C.B. Barrett. 2015. “Agricultural Index Insurance for Sub-Saharan African Development.”, pp.
Jensen, N.D., C.B. Barrett, and A. Mude. 2014. “Index Insurance and Cash Transfers: A Comparative Analysis from Northern Kenya.” Available at SSRN 2547660.
Jensen, N.D., A. Mude, and C.B. Barrett. 2014. “How basis risk and spatiotemporal adverse selection influence demand for index insurance: Evidence from northern Kenya.” Available at SSRN 2475187.
Klisch, A., C. Atzberger, and L. Luminari. 2015. “Satellite-based drought monitoring in Kenya in an operational setting.” The International Archives of Photogrammetry, Remote Sensing and Spatial Information Sciences 40:433. CrossRef
Kovacevic, R., and G.C. Pflug. 2011. “Does Insurance Help to Escape the Poverty Trap? A Ruin Theoretic Approach.” The Journal of Risk and Insurance 78:1003–1028. CrossRef
Miranda, M.J., and K. Farrin. 2012. “Index insurance for developing countries.” Applied Economic Perspectives and Policy 34:391–427. CrossRef
Mobarak, A.M., and M.R. Rosenzweig. 2012. “Selling formal insurance to the informally insured,” working paper.
Smith, V., and M. Watts. 2009. “Index based agricultural insurance in developing countries: Feasibility, scalability and sustainability.”
Vrieling, A., M. Meroni, A.G. Mude, S. Chantarat, C.C. Ummenhofer, and K.C. de Bie. 2016. “Early assessment of seasonal forage availability for mitigating the impact of drought on East African pastoralists.” Remote Sensing of Environment 174:44–55. CrossRef
Vrieling, A., M. Meroni, A. Shee, A.G. Mude, J. Woodard, C.K. de Bie, and F. Rem- bold. 2014. “Historical extension of operational NDVI products for livestock insur- ance in Kenya.” International Journal of Applied Earth Observation and Geoin- formation 28:238–251.
- Can Insurance Help Manage Climate Risk and Food Insecurity? Evidence from the Pastoral Regions of East Africa
Michael R. Carter
Sarah A. Janzen
Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, Wissenstransfer im Outsourcing/© WrightStudio | stock.adobe.com