This note takes an alternative view from the conventional wisdom of expected utility and optimum deductible in insurance. It highlights explanations for insurance purchase and use decisions through behavioural economics.
Index-based Microinsurance for Disaster Risk Reduction
Index insurance has emerged as a disaster management tool for the poor because of its effectiveness in assisting poor people to deal with catastrophes. Focusing on the benefits of Weather based index insurance, MSC’s Microinsurance expert, Sunil Bhat, talks about the features and scope of weather based index insurance and how it helps the poor […]