Table 1 Attributes of WII contracts used in the choice experiment
From: Small farmers’ preferences for weather index insurance: insights from Kenya
Attribute | Attribute levels | |||||
|---|---|---|---|---|---|---|
Premium rate | 2% | 5% | 7% | 10% | 15% | 20% |
Strike level | − 10% | − 20% | − 40% | ±10% | ±20% | ±40% |
Distance to weather station | 5 km (ward radius) | 20 km (district radius) | 50 km (county radius) | |||
Transparency | Weekly text messages and radio broadcast of recorded rainfall | No text message or radio broadcast of recorded rainfall | ||||
Contracted party | Individual farmer | Small group (10 farmers) | Large group (100 farmers) | |||