Integrating Social Protection Strategies for Improved Impact: A Comparative Evaluation of Cash Transfers and Index Insurance in Kenya

Jensen, Nathaniel D.; Ikegami, Munenobu; Mude, Andrew G.

doi:10.1057/s41288-017-0060-5

Cited by 14 publications

(13 citation statements)

References 27 publications

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“…Jensen et al (2017aJensen et al ( , 2007b) also found that subsidy-supported insurance was overall more poverty averting compared to cash transfers. While cash transfers improved short-term health measures, insurance increased investments in productive assets, reduced livestock sales and increased adultequivalent income (Jensen et al, 2017a(Jensen et al, , 2017b. Finally, Janzen et al (2020), in another simulation study spanning over 50 years of data in Kenya and Ethiopia, showed that insurance not only had higher vulnerability reduction potential but also brought additional investment incentive potential.…”

Section: Demand Subsidiesmentioning

confidence: 96%

Determinants of uptake and strategies to improve agricultural insurance in Africa: a review

2021

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Weather shocks affect smallholder farmers and pastoralists in Sub-Saharan Africa unequally. Agricultural insurance has emerged as a safety net option to protect farmers’ welfare. However, in comparison to other regions, fewer African farmers and pastoralists have adopted agricultural insurance. This review synthesises broad recent literature on why insurance take-up has remained low and highlights six key themes, including: (1) product quality, (2) product design, (3) affordability, (4) information and education, (5) behavioural and sociocultural factors, and (6) the role of government in enabling markets. We shed light on how insurance uptake can be encouraged.

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Section: Demand Subsidiesmentioning

confidence: 96%

Determinants of uptake and strategies to improve agricultural insurance in Africa: a review

2021

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“…WII has commercial viability in developing nations, but for better scale-up of WII, a legal and regulatory framework is required (Cole and Xiong, 2017) that benefited farmers and whole WII supply chain (Jensen and Barrett, 2017). Jensen et al (2017a) concluded that direct cash transfer of the subsidy significantly reduced the poverty and benefited farmers as a social protection tool (Jensen et al , 2017b). Although, Ricome et al (2017) reported that subsidized insurance for farmers is not the best probable use of public funds, whether the subsidized premium for WII has more welfare impact on farmers (Chantarat et al , 2017) that raises concerns for social equity (Fisher et al , 2018) and considerably reduces rural poverty (Hansen et al , 2018).…”

Section: Descriptive Analysis Of Weather Index Insurance Reviewed Articlesmentioning

confidence: 99%

Efficacy of weather index insurance for mitigation of weather risks in agriculture

Singh

Agrawal

2019

IJOES

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Purpose The purpose of this paper is to review research on weather index insurance (WII) for mitigating the weather risk in agriculture and to identify research gaps in current available literature through integrative review. Design/methodology/approach This paper is based on the integrative review method as proposed by Whittemore and Knafl. QualSysts tool was adopted for assessing the quality appraisal of articles. Reporting followed the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines. Findings Detailed critical analysis of content reveals that WII studies are growing and shifting from traditional to the newest themes. Efficacy of WII is significantly influenced by the impacts of climate change. This paper generates a conceptual framework by synthesizing the published literature on WII. Research limitations/implications This paper will be used to improve the WII practices and influence public policy. It is also beneficial in research by contributing to the systematic body of knowledge and useful for researchers to analyze the past and present status with future prospects of further studies on WII. Originality/value The paper is the original work of the author. To the best of authors’ knowledge, this is the first paper on integrative review on the efficacy of WII. An attempt has been made in the current paper to critically examine the studies of WII.

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“…The second half of Table 1 reports the results of two additional impact evaluations that take advantage of rich panel data collected for the evaluation of IBLI. Both studies (Jensen et al 2014b(Jensen et al , 2016) also use randomly distributed premium discount coupons to instrument for IBLI purchases. Jensen et al (2014b) show that insured households demonstrate improved child health (as measured by MUAC) and increased income per adult equivalent.…”

Section: Impacts Of the Ibli Contract On Ex Post Coping And Ex Ante Imentioning

confidence: 99%

“…An examination of production strategies also finds that house-holds with IBLI coverage reduce herd sizes and invest more heavily in health and veterinary services for their remaining herd, which is associated with increased milk productivity (and milk income) within the herd. Without explicitly estimating a threshold (as in Janzen and Carter (2017)), Jensen et al (2016) also reveal heterogeneous impacts, at least for income:…”

Section: Impacts Of the Ibli Contract On Ex Post Coping And Ex Ante Imentioning

confidence: 99%

Can Insurance Help Manage Climate Risk and Food Insecurity? Evidence from the Pastoral Regions of East Africa

Carter

Janzen

Stoeffler

2017

Natural Resource Management and Policy

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Can insurance cost-effectively mitigate the increasingly deleterious impacts of climate risk on poverty and food insecurity? The theory reviewed in this chapter suggests an affirmative answer if well-designed insurance contracts can be implemented and priced at a reasonable level despite the uncertainties that attend climate change. Evidence from the IBLI index insurance project in the pastoral regions in East Africa suggest that these practical difficulties can be overcome and that insurance can have the impacts that underlay the positive theoretical evaluation. At the same time, continuing analysis of the IBLI experience suggests that much remains to be done if quality index insurance contracts are to be scaled up and sustained. We conclude that insurance is not an easy, off-the-shelf solution to the problem of climate risk and food insecurity. Creativity in the technical and institutional design of contracts is still required, as are efforts to forge the more effective publicprivate partnerships needed to price insurance at levels that will allow insurance to fulfill its potential as part of an integrated approach to social protection and food security in an era of climate change.There is ample evidence that climate shocks create and sustain poverty and food insecurity in rural regions of the developing world. There is also ample evidence that climate change is increasing the frequency and severity of climate shocks.

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Integrating Social Protection Strategies for Improved Impact: A Comparative Evaluation of Cash Transfers and Index Insurance in Kenya

Cited by 14 publications

References 27 publications

Determinants of uptake and strategies to improve agricultural insurance in Africa: a review

Determinants of uptake and strategies to improve agricultural insurance in Africa: a review

Efficacy of weather index insurance for mitigation of weather risks in agriculture

Can Insurance Help Manage Climate Risk and Food Insecurity? Evidence from the Pastoral Regions of East Africa

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