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Parametric insurance and technology adoption in developing countries
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Title: | Parametric insurance and technology adoption in developing countries |
Authors: | Biffis, E Chavez, E Louaas, A Picard, P |
Item Type: | Journal Article |
Abstract: | Technology adoption is crucial for the development of low-income countries. This paper investigates how parametric insurance can contribute to improving access to finance, and hence to technology, for smallholder farmers. In a model with moral hazard, we show that bundling parametric insurance with loans may lower collateral requirements, thus promoting the financial inclusion of poor households. The case of agricultural input loans and weather-index insurance is studied in detail and related to bundled finance solutions recently piloted among smallholder farmers in Tanzania. |
Issue Date: | 1-Mar-2022 |
Date of Acceptance: | 28-Dec-2020 |
URI: | http://hdl.handle.net/10044/1/86434 |
DOI: | 10.1057/s10713-020-00061-0 |
ISSN: | 0926-4957 |
Publisher: | Palgrave Macmillan |
Start Page: | 7 |
End Page: | 44 |
Journal / Book Title: | The Geneva Risk and Insurance Review |
Volume: | 47 |
Copyright Statement: | © International Association for the Study of Insurance Economics 2021. The final publication is available at Springer via https://link.springer.com/article/10.1057/s10713-020-00061-0 |
Sponsor/Funder: | European Institute of Innovation and Technology - EIT |
Funder's Grant Number: | TC_2.3.7_190733_P004-1B |
Keywords: | Social Sciences Business, Finance Economics Business & Economics Parametric insurance Crop insurance Moral hazard Credit rationing Technology adoption CLIMATE-CHANGE GREEN-REVOLUTION RISK-MANAGEMENT FINANCIAL INTERMEDIATION CREDIT DECISIONS PRODUCTIVITY AGRICULTURE UNCERTAINTY ADAPTATION Finance Economics 1501 Accounting, Auditing and Accountability 1502 Banking, Finance and Investment |
Publication Status: | Published |
Online Publication Date: | 2021-02-12 |
Appears in Collections: | Imperial College Business School |