...Yugu Xiao; Ke Wang; Lysa Porth Purpose While crop insurance ratemaking has been studied for many decades, it is still faced with many challenges. Crop insurance premium rates (PRs) are traditionally determined only by point estimation, and this approach may lead to uncertainty because...

...H. Holly Wang; Milton Boyd; Milton Boyd; Jeffrey Pai; Qiao Zhang; H. Holly Wang; Ke Wang Purpose The purpose of this paper is to explain the factors affecting crop insurance purchases by farmers in Inner Mongolia, China. Design/methodology/approach A survey of farmers in Inner Mongolia, China...

...H. Holly Wang; Milton Boyd; Linging Hou; Dana L.K. Hoag; Yueying Mu Purpose The purpose of this paper is to examine the efficiency of current subsidized crop insurance products (SCIPs) in Miyun county, in northern China, by testing the existence of adverse selection. Design/methodology/approach...

... plan. This paper demonstrates the SRM process in a crop insurance example. A simple version of the program, called Risk Navigator Lite^©, is also applied to crop insurance to demonstrate how robust the framework is for adaptation to field settings, where data may be limited or where decision...