Impact of index insurance on downside income risk: Evidence from northern Kenya

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cg.authorship.typesCGIAR single centreen
cg.contributor.affiliationInternational Livestock Research Instituteen
cg.contributor.crpClimate Change, Agriculture and Food Security
cg.contributor.donorCGIAR Trust Funden
cg.contributor.donorForeign, Commonwealth and Development Office, United Kingdomen
cg.contributor.donorDepartment of Foreign Affairs and Trade, Australiaen
cg.contributor.donorEuropean Unionen
cg.contributor.donorUnited States Agency for International Developmenten
cg.contributor.donorWorld Banken
cg.contributor.initiativeLivestock and Climate
cg.coverage.countryKenya
cg.coverage.iso3166-alpha2KE
cg.coverage.regionAfrica
cg.creator.identifierKelvin Mashisia Shikuku: 0000-0003-2290-074X
cg.creator.identifierIbrahim Ochenje: 0000-0002-2818-5313
cg.howPublishedFormally Publisheden
cg.identifier.doihttps://doi.org/10.1002/aepp.13497en
cg.isijournalISI Journalen
cg.issn2040-5804en
cg.journalApplied Economic Perspectives and Policyen
cg.reviewStatusPeer Reviewen
cg.subject.actionAreaSystems Transformation
cg.subject.actionAreaResilient Agrifood Systems
cg.subject.ilriLIVESTOCKen
cg.subject.ilriPASTORALISMen
cg.subject.ilriINSURANCEen
cg.subject.impactAreaEnvironmental health and biodiversity
cg.subject.impactAreaClimate adaptation and mitigation
cg.subject.impactPlatformEnvironmental Health and Biodiversity
cg.subject.sdgSDG 1 - No povertyen
cg.subject.sdgSDG 2 - Zero hungeren
cg.subject.sdgSDG 13 - Climate actionen
dc.contributor.authorShikuku, Kelvin Mashisiaen
dc.contributor.authorOchenje, Ibrahimen
dc.date.accessioned2025-01-22T21:45:00Zen
dc.date.available2025-01-22T21:45:00Zen
dc.identifier.urihttps://hdl.handle.net/10568/169692
dc.titleImpact of index insurance on downside income risk: Evidence from northern Kenyaen
dcterms.abstractWe assessed the impact of index-based livestock insurance (IBLI) on household income and its higher-order moments (i.e., variance and skewness). The study uses four waves of panel survey data from northern Kenya and applies a two stage least squares (2SLS) instrumental variables regression to estimate the causal impacts. We found that uptake of IBLI increased household income and reduced pastoralists' exposure to downside risk. Our results imply that policies and investments promoting the scaling of index insurance will be effective for climate risk management and welfare improvement in Sub-Saharan Africa by increasing income and reducing exposure to downside risk.en
dcterms.accessRightsOpen Access
dcterms.audienceAcademicsen
dcterms.audienceCGIARen
dcterms.audienceScientistsen
dcterms.available2025-01-19
dcterms.bibliographicCitationShikuku, Kelvin., Ochenje, Ibrahim. 2025. Impact of index insurance on downside income risk: Evidence from northern Kenya. Applied Economic Perspectives and Policy.en
dcterms.issued2025-01-19
dcterms.languageen
dcterms.licenseCC-BY-NC-4.0
dcterms.publisherAAEAen
dcterms.subjectadaptationen
dcterms.subjectagricultural insuranceen
dcterms.subjectclimate shocksen
dcterms.subjectrisk managementen
dcterms.subjecthouseholdsen
dcterms.subjectpastoralistsen
dcterms.typeJournal Article

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