Using copulas for rating weather index insurance contracts
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Applied Statistics"
DOI: 10.1080/02664763.2017.1420146
Abstract: ABSTRACT This study develops a methodology for a copula-based weather index insurance design. Because the copula approach is better suited for modeling tail dependence than the standard linear correlation approach, its use may increase the… read more here.
Keywords: insurance contracts; index insurance; weather index; weather ... See more keywords
Piloting a Weather-Index-Based Crop Insurance System in Bangladesh: Understanding the Challenges of Financial Instruments for Tackling Climate Risks
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DOI: 10.3390/su13158616
Abstract: Bangladesh is one of the most vulnerable countries in the world to extreme climate events. With over 60% of its population living in rural areas, over a third of which lives under the poverty line… read more here.
Keywords: index based; insurance; climate; crop insurance ... See more keywords