Click here for search results
Statistical analysis of rainfall insurance payouts in southern India, Volume 1
Author:Gine, Xavier; Townsend, Robert; Vickery, James; Country:India;
Date Stored:2007/12/04Document Date:2007/12/01
Document Type:Policy Research Working PaperSubTopics:Debt Markets; Deposit Insurance; Labor Policies; ; Emerging Markets
Language:EnglishRegion:South Asia
Report Number:WPS4426Collection Title:Policy Research working paper ; no. WPS 4426
Volume No:1  

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.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 20 pagesOfficial version*0.10
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page:

© 2016 The World Bank Group, All Rights Reserved. Legal