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Weather Index Insurance for Agriculture and Rural Areas in Lower-Income Countries
- B. Barnett, O. Mahul
- Economics
- 1 December 2007
Government Support to Agricultural Insurance: Challenges and Options for Developing Countries
- O. Mahul, Charles Stutley
- Economics
- 8 March 2010
Governments in developing countries have been increasingly involved in the support of commercial agricultural (crop and livestock) insurance programs in recent years. A striking example is China,…
Weather Based Crop Insurance in India
- D. Clarke, D. Clarke, O. Mahul, Kolli N. Rao, N. Verma
- Economics
- 1 March 2012
The weather index insurance market in India is the world's largest, having transitioned from small-scale and scattered pilots to a large-scale weather based crop insurance program covering more than…
Catastrophe Risk Financing in Developing Countries: Principles for Public Intervention
- J. Cummins, O. Mahul
- Economics
- 15 October 2008
Public intervention in catastrophe insurance markets, supported by the donor community and the World Bank, should be country specific. Low-income countries, where the domestic non-life insurance…
The Demand for Insurance with an Upper Limit on Coverage
- J. Cummins, O. Mahul
- Economics
- 1 June 2004
The demand for insurance is examined when the indemnity schedule is subject to an upper limit. The optimal contract is shown to display full insurance above a deductible up to the cap. Some results…
Catastrophe Risk Pricing: An Empirical Analysis
The price of catastrophe risks is viewed by many to be too high and/or too volatile. Catastrophe risk practitioners point out that, contrary to standard insurance, such as automobile insurance,…
Building Resilience: Integrating climate and disaster risk into development - Lessons from World Bank Group experience
- H. Gitay, S. Bettencourt, D. Wielinga
- Economics
- 2013
Optimal Insurance With Divergent Beliefs About Insurer Total Default Risk
- J. Cummins, O. Mahul
- Economics
- 1 October 2003
This paper extends the classic expected utility theory analysis of optimal insurance contracting to the case where the insurer has a positive probability of total default and the buyer and insurer…
Optimal Insurance against Climatic Experience
- O. Mahul
- Environmental Science
- 1 August 2001
An optimal insurance contract against a climatic risk is derived in the presence of an uninsurable and dependent aggregate production risk. The optimaldesign depends on the stochastic dependency…
Optimum Area Yield Crop Insurance
- O. Mahul
- Mathematics
- 1 February 1999
This article considers the problem of the optimal design of crop insurance when the indemnity is based upon the aggregate yield of a surrounding area. The optimal area yield crop insurance contract…
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