Knowledge Center Catalog

A global review of the impact of basis risk on the functioning of and demand for index insurance (Record no. 61230)

MARC details
000 -LEADER
fixed length control field nab a22 7a 4500
001 - CONTROL NUMBER
control field 61230
003 - CONTROL NUMBER IDENTIFIER
control field MX-TxCIM
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20200127181341.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 200123s2018 ne |||p|op||| 00| 0 eng d
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 2212-4209
024 8# - OTHER STANDARD IDENTIFIER
Standard number or code https://doi.org/10.1016/j.ijdrr.2018.01.001
040 ## - CATALOGING SOURCE
Original cataloging agency MX-TxCIM
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
9 (RLIN) 11101
Personal name Clement, K.Y.
245 12 - TITLE STATEMENT
Title A global review of the impact of basis risk on the functioning of and demand for index insurance
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc. Amsterdam (Netherlands) :
Name of publisher, distributor, etc. Elsevier,
Date of publication, distribution, etc. 2018.
500 ## - GENERAL NOTE
General note Peer review
520 ## - SUMMARY, ETC.
Summary, etc. Climate change is increasing the risks of weather-related disasters in many regions around the world. This has an adverse socio-economic impact on households, farmers and small businesses. Some strategies for effectively managing climate related disasters include index based insurance products, which are increasingly offered as alternatives to traditional insurance, particularly in low-income countries. However, the uptake of index insurance remains low, which can be partially attributed to the inherent problem of basis risk. This review assesses the problem of basis risk that occurs when insurance payouts depend on an index that is imperfectly related with actual losses experienced by the insurance policyholder. Special attention is paid to the design of the index, quality and sampling data, the estimation of basis risk and its influence on insurance demand, and index-insurance supply. The paper concludes with several policy recommendations including the need for a systematic approach to quantify the magnitude of basis risk, to inform index design with participatory approaches, to offer index insurance through existing risk sharing networks. Moreover, we recommend to improve policyholders access to information about their risk and measures they can take to limit risk, create an enabling environment for a well-functioning insurance market, and lastly to have an integrated approach that incorporates insurance with other mechanisms that reduce basis risk.
546 ## - LANGUAGE NOTE
Language note Text in English
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Source of heading or term AGROVOC
9 (RLIN) 9707
Topical term or geographic name as entry element Risk
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Source of heading or term AGROVOC
9 (RLIN) 1045
Topical term or geographic name as entry element Climate change
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Source of heading or term AGROVOC
9 (RLIN) 9291
Topical term or geographic name as entry element Insurance
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Source of heading or term AGROVOC
9 (RLIN) 10984
Topical term or geographic name as entry element Natural disasters
700 1# - ADDED ENTRY--PERSONAL NAME
9 (RLIN) 11102
Personal name Wouter Botzen, W.J.
700 1# - ADDED ENTRY--PERSONAL NAME
9 (RLIN) 11103
Personal name Brouwer, R.
700 1# - ADDED ENTRY--PERSONAL NAME
9 (RLIN) 11104
Personal name Aerts, J.C.J.H.
773 0# - HOST ITEM ENTRY
Place, publisher, and date of publication Amsterdam (Netherlands) : Elsevier, 2018.
Related parts v. 28, p. 845-853
Title International Journal of Disaster Risk Reduction
International Standard Serial Number 2212-4209
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Article
Suppress in OPAC No
Holdings
Date last seen Total Checkouts Price effective from Koha item type Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Withdrawn status Home library Current library Date acquired
01/23/2020   01/23/2020 Article Not Lost Dewey Decimal Classification     Reprints Collection   CIMMYT Knowledge Center: John Woolston Library CIMMYT Knowledge Center: John Woolston Library 01/23/2020

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