An Aggregate analysis of the impact factor of the index based livestock insurance pastoralists in Kenya

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dc.contributor.authorMatano, Del Words
dc.date.accessioned2019-04-30T11:35:43Z
dc.date.available2019-04-30T11:35:43Z
dc.date.issued2018
dc.descriptionA Research project submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Actuarial Science at Strathmore Universityen_US
dc.description.abstractThe purpose of this study was to quantify the effects of Index Based Livestock Insurance in Kenya on income generation and welfare enhancement of pastoral households. Index-Based insurance attracts attention as a potentially effective tool for reducing vulnerability of agricultural household’s in developing countries. However, previous literature has assumed away how household intertemporal behavior and welfare would change by reduced production risk and shock due to index-based insurance. The paper employed the endogenous treatment regression model in order to quantify the effects of Index Based Livestock Insurance on an aggregate level. The study finds that insurance provision induces pastoralists to shift production towards higher return but higher risk breeds of livestock. The results support the view that financial innovation can mitigate the real effects of uninsured production risk.en_US
dc.identifier.urihttp://hdl.handle.net/11071/6445
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectInsuranceen_US
dc.subjectPastoralismen_US
dc.subjectLivestock insuaranceen_US
dc.subjectActuarial scienceen_US
dc.titleAn Aggregate analysis of the impact factor of the index based livestock insurance pastoralists in Kenyaen_US
dc.typeUndergraduate projecten_US
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