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District-index insurance program: basic model and pricing
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index.pdf
Date
2015
Author
Ayberk, İdil
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The aim of this work is to build an inital model for and calculate the premium of an insurance scheme against drought proposed by TARSIM. The payoff of the insurance scheme is similar to that of a call option on the yield variable. We compute the premium using normal, gamma and beta distribution for the yield and examine how the premium depends on the parameters of these distributions. We find that, when we fix the mean and the variance of the yield, the premium computed under different distributions depends little on the distribution used for the yield.
Subject Keywords
Drought forecasting.
,
Agriculture
,
Agricultural insurance.
URI
http://etd.lib.metu.edu.tr/upload/12618648/index.pdf
https://hdl.handle.net/11511/24553
Collections
Graduate School of Applied Mathematics, Thesis
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İ. Ayberk, “District-index insurance program: basic model and pricing,” M.S. - Master of Science, Middle East Technical University, 2015.
