Crop insurance is a risk management tool with the potential of dealing with risk more efficiently, the study uses a dichotomous contingent valuation method to elicit the willingness to pay for crop insurance among cereal farmers in the Eastern region of Ghana. The study employed descriptive statistical techniques to analyse primary data obtained from 208 sampled farmers in the region. Approxima...

This paper investigates the empirical performance of a new class of consumption-based, uninsurable risk models in the context of UK indexed bond market. Using closed form expressions for pricing kernels, we test the ability of three consumption-based models to …t the market prices of indexed bonds in the UK. The classical general equilibrium model performs reasonably well, in contrast to its pe...

applications a year. Underwriting of these applications is labor intensive. Automation is difficult because the applications include many free-form text fields. MetLife’s intelligent text analyzer (MITA) uses the information-extraction technique of natural language processing to structure the extensive textual fields on a life insurance application. Knowledge engineering, with the help of under...

agricultural insurance is one of the most important mechanisms to providing security for investment in agricultural and natural damage reduction. one of the modern types of insurance is weather index- based insurance that developed based on climatic parameters such as rainfall and temperature. the purpose of this study is to identifying the factors affecting wheat farmer's participation on...

Insurance services and financial compensation are regarded for the consequences of events that may happen or not.Farmers and stakeholders can be benefited from the agricultural and natural resources insurance so that they can attain much more stability in resources management, especially through mitigating the effects of potential and imminent risks. The current research was aimed to determine ...

the main logic behind the demand for life insurance is to hedge against the labor income uncertainty due to premature death of a wage earner. in other words, life insurance is the device by which this labor income uncertainty is handled. for insurers, the uncertainty arises from the lack of knowledge about the age of death of the wage earner. this paper attempts to derive life insurance demand ...

Complex systems are hard to define [1]. Nevertheless they are more and more frequently encountered. Examples include a worldwide airline traffic management system, a global telecommunication or energy infrastructure or even the whole legacy portfolio accumulated for more than thirty years in a large insurance company. There are currently few engineering methods and tools to deal with them in pr...