Keywords
crop insurance
demand for insurance
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Abstract
The main aim of this study is to identify factors determining the demand for index-based crop insurance. A systematic search of published and unpublished material relevant to demand for index insurance in developing countries and Poland has been conducted. It has been found that not only price factors (the premium level, subsidy vouchers or credit constrains) but also non-pricing factors (liquidity constraints, trust and financial literacy) could affect the demand significantly. These findings are relevant not only for scaling-up the index programs in developing countries, but also to the EU, where within the Common Agricultural Policy for 2014-2020, subsidies of index insurance have been allowed for the first time.References
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