Insurance for
high-risk commodities.

We studied the feasibility of insurance contracts for shrimp losses using production data from shrimp-farming countries.

The risk analysis used shrimp-production data from 26 countries and regions.

Faced with substantial differences in a relatively small dataset, we based the analysis on risk management under model uncertainty.

The study estimated a premium rate for full coverage.

The second part examined two types of insurance: a deductible-only policy and a stop-loss policy intended to address moral hazard.

We developed a method to estimate premium rates across a range of risk-aversion levels.