Skip to main content

Table 6 Marginal willingness to pay for WII attributes

From: Small farmers’ preferences for weather index insurance: insights from Kenya

Variables Mean (%) Std. deviation Lower CI Upper CI
ASC 7.56 1.90 7.37 7.75
Transparency 0.79 0.34 0.76 0.83
Strike level
 − 40% − 0.41 0.09 − 0.42 − 0.40
 ± 20% 0.16 0.03 0.16 0.17
 ± 40% 0.18 0.03 0.18 0.19
Large group contract − 0.31 0.66 − 0.38 − 0.24
Small group contract 0.23 0.46 0.19 0.28
Distance (50 km) − 0.24 0.20 − 0.26 − 0.22
  1. Confidence intervals (CI) refer to the 95% level. Willingness to pay (WTP) was calculated by dividing individual-specific coefficients for attribute level by the median of the premium rate coefficient. For the ASC, the coefficient was multiplied by − 1 to obtain the WTP for insurance in general. WTP is only shown for attribute levels with significant coefficient estimates in model (1) of Table 5
\