Weather Index-Based Insurance: A Case Study of Flathead Grey Mullet / 天氣指數型保險─以臺灣烏魚為例

碩士 / 國立臺北大學 / 金融與合作經營學系 / 105 / The extreme weather events, especially typhoon and extreme low temperature, often lead to devastated losses in aquaculture productions in Taiwan. For example, Typhoon Morakot in 2009 brought tremendous rainfall in southern Taiwan and caused catastrophic losses of NT$4.1 billion in aquaculture production, while the low temperatures in 2016 was responsible for the severe damages of NT$3.2 billion. Thus, it is an urging issue to help aquaculture producers in finding an effective method of risk management against extreme weather losses.

Mullet is a kind of fish species with high economic value. Usually, it takes 3 years to cultivating mullet and therefore, mullet producers have to face higher risks during cultivating period. In this research, we proposed a weather index-based insurance for mullet producers to manage their production risk. Specifically, we took Tainan city as our research sample and examined the relationship between mullet production risk and various weather index. Finally, we used Monte Carlo Simulation to simply compute pure premium rate for the proposed contract.

Identiferoai:union.ndltd.org:TW/104NTPU0131004
Date January 2017
CreatorsLEE,MIE-YING, 李美楹
ContributorsCHEN,SHU-LING, 陳淑玲
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format54

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