Innovations for Poverty Action founder and Yale University professor Dean Karlan discusses how to increase the demand for micro-insurance products in developing countries:
At 0:53, Dean discusses index insurance, which is what my coauthors and I are currently studying in Mali for groups of cotton producers. In our case, however, the index is not based on weather or satellite data but on productivity at a level far enough above the group level so as to eliminate moral hazard.
(HT: IPA, via Twitter.)