Tag
weather_index_insurance
4 findings
Behaviour & psychologyAmbiguity Aversion in Novel Financial ProductsHousehold risk aversion showed no statistically significant effect on actual insurance uptake (marginal effect = -0.00285, p > 0.10). Institutional trust in financial entities was weakly negative (marginal effect = -0.0676, p < 0.10), indicating that lack of clear understanding and product ambiguity, rather than pure risk preference, suppressed commercial demand.Observational StudyDevelopmentPalliative Insurance Demand PatternMarginal product of inputs negatively predicts actual insurance purchase in interlinked villages (coefficient = -0.0221, p < 0.01), sum insured (coefficient = -30.91, p < 0.01), and own cash spent (coefficient = -1.050, p < 0.01). Chemical fertilizer use positively predicts uptake (coefficient = +0.177, p < 0.05).RCTFinance & microfinanceStated Versus Actual Demand DisconnectStated willingness to pay and actual insurance purchase were uncorrelated or negatively correlated (probit marginal effect = -0.0777, p < 0.10). Among households stating ex-ante willingness to pay at actuarially fair price, actual uptake was 37.2%, compared to 44.3% among those stating no ex-ante willingness. Unsubsidized demand was 0% in the study sample.RCTDevelopmentPrice Discount Voucher Discontinuity EffectUnsubsidized uptake was exactly 0% among study subjects receiving no voucher. Receiving a voucher increased insurance purchase probability by 34.4% to 38.0% (p < 0.01), with only 21% of buyers contributing any personal cash beyond the voucher value.RCT