Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144881
Authors: 
Fiala, Oliver
Wende, Danny
Year of Publication: 
2016
Series/Report no.: 
Dresden Discussion Paper in Economics 01/16
Abstract: 
Natural disasters are increasing in frequency and intensity and have devastating impacts on individuals, both humanitarian and economic, particularly in developing countries. Microinsurance is seen as one promising instrument of disaster risk management, however the level of demand for respective projects remains low. Using behavioural games and a discrete choice experiment, this paper analyses the demand for hypothetical microinsurance products in rural Cambodia and contributes significant household level evidence to the current research. A general preference for microinsurance can be found, with demand significantly affected by price, provider, requirements for prevention and combinations with credit. Furthermore, financial literacy, risk aversion, levels of trust and previous disaster experience impact the individual demand for flood insurance in rural Cambodia.
Subjects: 
microinsurance
trust
risk
discrete choice experiment
Cambodia
JEL: 
Q10
Q50
Q54
O10
C25
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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