CLIMATE RISK AND OPPORTUNITIES

• 1. CLIMATE RISK AND APPORTUNITIES
  • 1.1. Topic: Climate Risk and Opportunities
• 2. OVERVIEW GAME INSTRUCTIONS
  • 2.1. Objective
  • 2.2. List of suggested items
  • 2.3. Game Instructions
• 3. INDEX INSURANCE GAME: POSSIBLE GAME OUTCOMES

WHAT IS WEATHER INDEX INSURANCE?

• 1. What is Weather Index Insurance?
  • 1.1. Topic: What is Weather Index Insurance?
  • 1.2. Checkpoint: What is Weather Index Insurance?
• 2. Checkpoint Answer Key: What is Weather Index Insurance?
• 3. Understanding a Drought Index
  • 3.1. Topic: Understanding a Drought Index
  • 3.2. Checkpoint: Understanding a Drought Index
• 4. Checkpoint Answer Key: Understanding a Drought Index

GATHERING INFORMATION TO BEGIN THE DESIGN PROCESS

• 1. Initial Visit Interaction to Determine the Worst Years
  • 1.1. Background/Objectives
  • 1.2. Instructions for facilitators
  • 1.3. Worst Year Questions
  • 1.4. Effects of the Worst Year Questions

DESIGNING AN INDEX

• 1. Concepts Behind Index Design
  • 1.1. Topic: Setting Triggers and Exits
  • 1.2. Checkpoint: Setting Triggers and Exits
• 2. Checkpoint: Designing an Initial Weather Index By Hand
  • 2.1. Topic: Designing an Initial Weather Index By Hand
• 3. Checkpoint Answer Key: Setting Triggers and Exits

Exploring Technical Concepts Using Weather Index Insurance Educational Tool (WIIET)

• 1. WIIET Exercise 1: Updating an Index Using Farmer Information
  • 1.1. Topic: Updating an Index Using Farmer Information
  • 1.2. Task 1: Bringing a preexisting index to a nearby community
  • 1.3. Task 2: Adjusting the drought index based on farmer input
  • 1.4. Task 3: Making a More Appropriate Index
  • 1.5. Task 4: Farmer discussion follow-up notes
• 2. WIIET Exercise 2: Influence of Short Datasets on Prices (Advanced Exercise)
  • 2.1. Topic: Influence of Short Datasets on Prices (Advanced Exercise)
  • 2.2. Task 1: Set-up; historical rainfall data set
  • 2.3. Task 2: Thinking about simulated rainfall
  • 2.4. Task 3: Applying a simulated rainfall dataset
  • 2.5. Task 4: Historical verses simulated rainfall data
  • 2.6. Task 5: Risk Pricing
  • 2.7. Task 6: Length of dataset and risk price of insurance
• 3. WIIET Exercise 3: Moving from Initial Pricing to Market Pricing
  • 3.1. Topic: Moving from Initial Pricing to Market Pricing
  • 3.2. Segment 1: Advanced Statistical Analysis
  • 3.3. Segment 2: Sensitivity Tests
  • 3.4. Segment 3: Factoring in Uncertainty
  • 3.5. Segment 4: Moving from Risk Pricing to Market Pricing: using spreadsheets

Checkpoint Answer Key: Exploring Technical Concepts Using Weather Index Insurance Educational Tool (WIIET)

• 1. WIIET Exercise 1 Answer Key: Updating an Index Using Farmer Information
  • 1.1. Task 1: Bringing a pre-existing index to a nearby community
  • 1.2. Task 2: Adjusting the drought index based on farmer input
  • 1.3. Task 3: Making a More Appropriate Index
  • 1.4. Task 4: Farmer discussion follow-up notes
• 2. WIIET Exercise 2 Answer Key: Influence of Short Datasets on Prices (Advanced Exercise)
  • 2.1. Task 2: Thinking about simulated rainfall
  • 2.2. Task 3: Applying a simulated rainfall dataset
  • 2.3. Task 4: Historical verses simulated rainfall data
  • 2.4. Task 5: Risk Pricing
  • 2.5. Task 6: Length of dataset and risk price of insurance
• 3. WIIET Exercise 3 Answer Key: Moving from Initial Pricing to Market Pricing
  • 3.1. Task 2: Pricing of Historical Rainfall Dataset
  • 3.2. Segment 1: Advanced Statistical Analysis
  • 3.3. Task 3: Simulated Rainfall
  • 3.4. Segment 2: Sensitivity Tests
  • 3.5. Task 4: Determining Sensitivity to a General Decrease in Rainfall
  • 3.6. Task 5: Determining Sensitivity to a Shift Forward in the Rainy Season
  • 3.7. Task 6: Determining Sensitivity to a Shift to a Later Rainy Season
  • 3.8. Segment 4: Moving from Risk Pricing to Market Pricing: using spreadsheets
  • 3.9. Task 9: Determining Pricing Parameters