Document / Publication
International Labour Organization (ILO)
Research paper no. 26, November 2012:
Why are demand and renewal rates for micro-insurance so low despite the important protection against disasters it may offer? To address the puzzle this paper provides a selective overview of the current state of research on demand from farmers for risk micro-insurance mostly associated to lack and excess of rainfall (drought and flood). It first looks at the theoretical research and then reviews the empirical evidence on the factors influencing risk attitude and demand for disaster insurance from low-income farmers.