Improved index insurance design and yield estimation using a dynamic factor forecasting approach

• Main Authors: Li, Hong, Porth, Lysa, Tan, Ken Seng, Zhu, Wenjun
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2022
• Subjects: Business::Finance; Crop Yield Forecasting; Factor Model
• Online Access: https://hdl.handle.net/10356/159939
• Institution: Nanyang Technological University

Accurate crop yield forecasting is central to effective risk management for many stakeholders, including farmers, insurers, and governments, in various practices, such as crop management, sales and marketing, insurance policy design, premium rate setting, and reserving. This paper first investigates...