Rating of cash crop insurance contracts in Tanzania using nonparametric methods

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dc.contributor.author Massawe, Expery Mathias
dc.contributor.author Kirigiti, Peter Josephat
dc.contributor.author Mbwambo, Sauda Hatibu
dc.date.accessioned 2021-05-26T07:44:08Z
dc.date.available 2021-05-26T07:44:08Z
dc.date.issued 2021
dc.identifier.citation Massawe, E. M., Kirigiti, P. J., & Mbwambo, S. H. (2021). Rating of cash crop insurance contracts in Tanzania using nonparametric methods. In handbook of research on nurturing industrial economy for Africa’s development (pp. 338-356). IGI Global. en_US
dc.identifier.other DOI: https://doi.org/10.4018/978-1-7998-6471-4.ch018
dc.identifier.uri http://hdl.handle.net/20.500.12661/3221
dc.description Abstract. Full text available at https://doi.org/10.4018/978-1-7998-6471-4.ch018 en_US
dc.description.abstract This chapter used nonparametric methods to establish the parameters of cash crop insurance contracts based on zone yields. The secondary historical yields data obtained from the Food and Agriculture Organization of the United Nations, for the period of 1961 through 2018, for cotton and cashew nuts, were used both in estimating the kernel density function and forecasting the mean yield. The estimated kernel density and mean forecasts were used to tabulate, at a different level of coverage, the probability of loss, the expected yield shortfall (kilogram per hectare, denote kg/ha), and the actuarial-fair premium rates for each crop. The results showed that, at different levels of coverage (i.e., from 50% to 90%), the actuarial-fair premium rates range between 0% and 32% of the sum assured. However, the range for cashew nuts is narrow (0% to 8%) while that of cotton is 4% to 32%, a very wider range compared to cashew nuts. Further, the expected losses for cotton, in the same coverage intervals, ranges from 11.58kg/ha to 256.06kg/ha while that of cashew was 0.44kg/ha to 19.69kg/ha. en_US
dc.language.iso en en_US
dc.publisher IGI Global en_US
dc.subject Nonparametric methods en_US
dc.subject Cash crop insurance en_US
dc.subject United Nations en_US
dc.subject Agriculture en_US
dc.subject Insurance en_US
dc.subject Cash crop en_US
dc.subject Insurance contracts en_US
dc.title Rating of cash crop insurance contracts in Tanzania using nonparametric methods en_US
dc.type Book chapter en_US

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