1 option
Statistical Analysis of Rainfall Insurance Payouts in Southern India / Gine, Xavier
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Gine, Xavier
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Debt Markets.
- Deposit Insurance.
- Emerging Markets.
- Federal Reserve.
- Federal Reserve Bank.
- Federal Reserve System.
- Finance and Financial Sector Development.
- Financial Institution.
- Financial Support.
- Hazard Risk Management.
- Insurance.
- Insurance Policies.
- International Bank.
- Labor Policies.
- Microinsurance.
- Private Sector Development.
- Risk Factors.
- Social Protections and Labor.
- Urban Development.
- Local Subjects:
- Debt Markets.
- Deposit Insurance.
- Emerging Markets.
- Federal Reserve.
- Federal Reserve Bank.
- Federal Reserve System.
- Finance and Financial Sector Development.
- Financial Institution.
- Financial Support.
- Hazard Risk Management.
- Insurance.
- Insurance Policies.
- International Bank.
- Labor Policies.
- Microinsurance.
- Private Sector Development.
- Risk Factors.
- Social Protections and Labor.
- Urban Development.
- Physical Description:
- 1 online resource (20 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2007
- System Details:
- data file
- Summary:
- Using 40 years of historical rainfall data, this paper estimates a distribution for payouts on rainfall insurance policies offered to farmers in the State of Andhra Pradesh, India, in 2006. The authors find that the contracts primarily protect households against extreme tail events; half the expected value of indemnities paid by the insurance are generated by only 2 percent of rainfall realizations. Contract payouts are significantly correlated cross-sectionally, and also inversely associated with real GDP growth. The paper discusses the implications of these findings for the potential benefits of insurance to households, the risks facing a financial institution underwriting rainfall insurance contracts, and pricing.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.