Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi
This analysis explores the potential impact of climate change on the viability of the Malawi weather insurance program making use of scenarios of climate change-induced variations in rainfall patterns. The analysis is important from a methodologica...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/05/9475454/investigating-impact-climate-change-robustness-index-based-microinsurance-malawi http://hdl.handle.net/10986/6599 |
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okr-10986-65992021-04-23T14:02:32Z Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi Hochrainer, S. Mechler, R. Pflug, G. Lotsch, A. ACCOUNTING ACTUARIAL CALCULATIONS AGRICULTURAL PRODUCTION ANNUAL INTEREST RATE BANKRUPTCY BANKS BIOSPHERE BORROWER CAPITAL REQUIREMENTS CARBON CYCLE CATASTROPHE BONDS CATASTROPHIC EVENTS CATASTROPHIC LOSSES CLAIM PAYMENT CLAIM PAYMENTS CLIMATE CLIMATE CHANGE CLIMATE CHANGE ADAPTATION CLIMATE CHANGE RISKS CLIMATE CONDITIONS CLIMATE IMPACTS CLIMATE MODELS CLIMATE SYSTEM CLIMATIC CHANGE CLIMATOLOGY CONTRIBUTION COUNTRY RISK CROP INSURANCE CRYOSPHERE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ORGANIZATIONS DISASTER AID DISASTER INSURANCE DISASTER INSURANCE SCHEMES DISASTER RELIEF DISASTER RISKS DISASTERS DROUGHT DROUGHT MANAGEMENT DROUGHTS EL NINO EMISSIONS EXOTIC OPTIONS EXTREME EVENT EXTREME EVENTS EXTREME WEATHER FARMER FARMERS FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL INSTRUMENTS FINANCIAL SERVICES FINANCIAL SUPPORT FRAMEWORK CONVENTION ON CLIMATE CHANGE GCM GREENHOUSE GAS GREENHOUSE GAS CONCENTRATIONS GREENHOUSE GAS EMISSIONS HEAT WAVES HOLDING HYDROLOGICAL CYCLE INFLATION INFLATION RATE INITIAL CAPITAL INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE INDUSTRY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE SCHEME INSURER INSURERS INTEREST RATE INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ENVIRONMENTAL LAW INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL LAW INTERPOLATION INVESTING INVESTMENT MANAGEMENT IPCC KYOTO PROTOCOL LACK OF INFORMATION LOAN AGREEMENT LOAN DEFAULT LOAN SIZE LOW-INCOME MATHEMATICS MICRO-INSURANCE MICROINSURANCE NATURAL DISASTER NEGOTIATIONS NONGOVERNMENTAL ORGANIZATIONS OUTSTANDING LOAN PORTFOLIO POTENTIAL IMPACTS PRECIPITATION PROBABILITIES PROBABILITY PROGRAMS RAINFALL REINSURANCE REINSURER RISK ASSESSMENT RISK MANAGEMENT RISK MANAGEMENT STRATEGIES RISK OF LOAN RISK POOLING RISK PROFILE RISK REDUCTION RISK SHARING RURAL FINANCE SAVINGS SOLVENCY STATE UNIVERSITY SYSTEMIC RISK TAX TECHNICAL ASSISTANCE TEMPERATURE TERM CONTRACTS TREASURY TREASURY BONDS TREATY TROPICAL CYCLONES URBAN DEVELOPMENT WEATHER DERIVATIVES This analysis explores the potential impact of climate change on the viability of the Malawi weather insurance program making use of scenarios of climate change-induced variations in rainfall patterns. The analysis is important from a methodological and policy perspective. By combining catastrophe insurance modeling with climate modeling, the methodology demonstrates the feasibility, albeit with large uncertainties, of estimating the effects of climate change on the near and long-term future of microinsurance schemes serving the poor. By providing a model-based estimate of the incremental role of climate change, along with the associated uncertainties, this methodology can quantitatively demonstrate the need for financial assistance to protect micro-insurance pools against climate-change induced insolvency. This is of major concern to donors, nongovernmental organizations, and others supporting these innovative systems; those actually at-risk; and insurers. A quantitative estimate of the additional burden that climate change imposes on weather insurance for poor regions is of interest to organizations funding adaptation. 2012-05-29T19:25:16Z 2012-05-29T19:25:16Z 2008-05 http://documents.worldbank.org/curated/en/2008/05/9475454/investigating-impact-climate-change-robustness-index-based-microinsurance-malawi http://hdl.handle.net/10986/6599 English Policy Research Working Paper; No. 4631 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Africa Malawi |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ACTUARIAL CALCULATIONS AGRICULTURAL PRODUCTION ANNUAL INTEREST RATE BANKRUPTCY BANKS BIOSPHERE BORROWER CAPITAL REQUIREMENTS CARBON CYCLE CATASTROPHE BONDS CATASTROPHIC EVENTS CATASTROPHIC LOSSES CLAIM PAYMENT CLAIM PAYMENTS CLIMATE CLIMATE CHANGE CLIMATE CHANGE ADAPTATION CLIMATE CHANGE RISKS CLIMATE CONDITIONS CLIMATE IMPACTS CLIMATE MODELS CLIMATE SYSTEM CLIMATIC CHANGE CLIMATOLOGY CONTRIBUTION COUNTRY RISK CROP INSURANCE CRYOSPHERE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ORGANIZATIONS DISASTER AID DISASTER INSURANCE DISASTER INSURANCE SCHEMES DISASTER RELIEF DISASTER RISKS DISASTERS DROUGHT DROUGHT MANAGEMENT DROUGHTS EL NINO EMISSIONS EXOTIC OPTIONS EXTREME EVENT EXTREME EVENTS EXTREME WEATHER FARMER FARMERS FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL INSTRUMENTS FINANCIAL SERVICES FINANCIAL SUPPORT FRAMEWORK CONVENTION ON CLIMATE CHANGE GCM GREENHOUSE GAS GREENHOUSE GAS CONCENTRATIONS GREENHOUSE GAS EMISSIONS HEAT WAVES HOLDING HYDROLOGICAL CYCLE INFLATION INFLATION RATE INITIAL CAPITAL INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE INDUSTRY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE SCHEME INSURER INSURERS INTEREST RATE INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ENVIRONMENTAL LAW INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL LAW INTERPOLATION INVESTING INVESTMENT MANAGEMENT IPCC KYOTO PROTOCOL LACK OF INFORMATION LOAN AGREEMENT LOAN DEFAULT LOAN SIZE LOW-INCOME MATHEMATICS MICRO-INSURANCE MICROINSURANCE NATURAL DISASTER NEGOTIATIONS NONGOVERNMENTAL ORGANIZATIONS OUTSTANDING LOAN PORTFOLIO POTENTIAL IMPACTS PRECIPITATION PROBABILITIES PROBABILITY PROGRAMS RAINFALL REINSURANCE REINSURER RISK ASSESSMENT RISK MANAGEMENT RISK MANAGEMENT STRATEGIES RISK OF LOAN RISK POOLING RISK PROFILE RISK REDUCTION RISK SHARING RURAL FINANCE SAVINGS SOLVENCY STATE UNIVERSITY SYSTEMIC RISK TAX TECHNICAL ASSISTANCE TEMPERATURE TERM CONTRACTS TREASURY TREASURY BONDS TREATY TROPICAL CYCLONES URBAN DEVELOPMENT WEATHER DERIVATIVES |
| spellingShingle |
ACCOUNTING ACTUARIAL CALCULATIONS AGRICULTURAL PRODUCTION ANNUAL INTEREST RATE BANKRUPTCY BANKS BIOSPHERE BORROWER CAPITAL REQUIREMENTS CARBON CYCLE CATASTROPHE BONDS CATASTROPHIC EVENTS CATASTROPHIC LOSSES CLAIM PAYMENT CLAIM PAYMENTS CLIMATE CLIMATE CHANGE CLIMATE CHANGE ADAPTATION CLIMATE CHANGE RISKS CLIMATE CONDITIONS CLIMATE IMPACTS CLIMATE MODELS CLIMATE SYSTEM CLIMATIC CHANGE CLIMATOLOGY CONTRIBUTION COUNTRY RISK CROP INSURANCE CRYOSPHERE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ORGANIZATIONS DISASTER AID DISASTER INSURANCE DISASTER INSURANCE SCHEMES DISASTER RELIEF DISASTER RISKS DISASTERS DROUGHT DROUGHT MANAGEMENT DROUGHTS EL NINO EMISSIONS EXOTIC OPTIONS EXTREME EVENT EXTREME EVENTS EXTREME WEATHER FARMER FARMERS FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL INSTRUMENTS FINANCIAL SERVICES FINANCIAL SUPPORT FRAMEWORK CONVENTION ON CLIMATE CHANGE GCM GREENHOUSE GAS GREENHOUSE GAS CONCENTRATIONS GREENHOUSE GAS EMISSIONS HEAT WAVES HOLDING HYDROLOGICAL CYCLE INFLATION INFLATION RATE INITIAL CAPITAL INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE INDUSTRY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE SCHEME INSURER INSURERS INTEREST RATE INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ENVIRONMENTAL LAW INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL LAW INTERPOLATION INVESTING INVESTMENT MANAGEMENT IPCC KYOTO PROTOCOL LACK OF INFORMATION LOAN AGREEMENT LOAN DEFAULT LOAN SIZE LOW-INCOME MATHEMATICS MICRO-INSURANCE MICROINSURANCE NATURAL DISASTER NEGOTIATIONS NONGOVERNMENTAL ORGANIZATIONS OUTSTANDING LOAN PORTFOLIO POTENTIAL IMPACTS PRECIPITATION PROBABILITIES PROBABILITY PROGRAMS RAINFALL REINSURANCE REINSURER RISK ASSESSMENT RISK MANAGEMENT RISK MANAGEMENT STRATEGIES RISK OF LOAN RISK POOLING RISK PROFILE RISK REDUCTION RISK SHARING RURAL FINANCE SAVINGS SOLVENCY STATE UNIVERSITY SYSTEMIC RISK TAX TECHNICAL ASSISTANCE TEMPERATURE TERM CONTRACTS TREASURY TREASURY BONDS TREATY TROPICAL CYCLONES URBAN DEVELOPMENT WEATHER DERIVATIVES Hochrainer, S. Mechler, R. Pflug, G. Lotsch, A. Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi |
| geographic_facet |
Africa Malawi |
| relation |
Policy Research Working Paper; No. 4631 |
| description |
This analysis explores the potential
impact of climate change on the viability of the Malawi
weather insurance program making use of scenarios of climate
change-induced variations in rainfall patterns. The analysis
is important from a methodological and policy perspective.
By combining catastrophe insurance modeling with climate
modeling, the methodology demonstrates the feasibility,
albeit with large uncertainties, of estimating the effects
of climate change on the near and long-term future of
microinsurance schemes serving the poor. By providing a
model-based estimate of the incremental role of climate
change, along with the associated uncertainties, this
methodology can quantitatively demonstrate the need for
financial assistance to protect micro-insurance pools
against climate-change induced insolvency. This is of major
concern to donors, nongovernmental organizations, and others
supporting these innovative systems; those actually at-risk;
and insurers. A quantitative estimate of the additional
burden that climate change imposes on weather insurance for
poor regions is of interest to organizations funding adaptation. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Hochrainer, S. Mechler, R. Pflug, G. Lotsch, A. |
| author_facet |
Hochrainer, S. Mechler, R. Pflug, G. Lotsch, A. |
| author_sort |
Hochrainer, S. |
| title |
Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi |
| title_short |
Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi |
| title_full |
Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi |
| title_fullStr |
Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi |
| title_full_unstemmed |
Investigating the Impact of Climate Change on the Robustness of Index-Based Microinsurance in Malawi |
| title_sort |
investigating the impact of climate change on the robustness of index-based microinsurance in malawi |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/05/9475454/investigating-impact-climate-change-robustness-index-based-microinsurance-malawi http://hdl.handle.net/10986/6599 |
| _version_ |
1764400847635087360 |