{"id":"https://openalex.org/W7225799643","doi":"https://doi.org/10.22495/rgcv16i4p3","title":"An empirical study of parametric insurance for drought risk","display_name":"An empirical study of parametric insurance for drought risk","publication_year":2026,"publication_date":"2026-11-11","ids":{"openalex":"https://openalex.org/W7225799643","doi":"https://doi.org/10.22495/rgcv16i4p3"},"language":"en","primary_location":{"id":"doi:10.22495/rgcv16i4p3","doi":"https://doi.org/10.22495/rgcv16i4p3","is_oa":true,"landing_page_url":"https://doi.org/10.22495/rgcv16i4p3","pdf_url":null,"source":{"id":"https://openalex.org/S2799221473","display_name":"Risk Governance and Control Financial Markets & Institutions","issn_l":"2077-429X","issn":["2077-429X","2077-4303"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Risk Governance and Control Financial Markets & Institutions","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.22495/rgcv16i4p3","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5116686013","display_name":"Valentino Spolaore","orcid":"https://orcid.org/0009-0001-7449-2568","observed_orcids":["https://orcid.org/0009-0001-7449-2568"]},"institutions":[{"id":"https://openalex.org/I119439378","display_name":"University of Verona","ror":"https://ror.org/039bp8j42","country_code":"IT","type":"education","lineage":["https://openalex.org/I119439378"]}],"countries":["IT"],"is_corresponding":true,"raw_author_name":"Valentino Spolaore","raw_affiliation_strings":["University of Verona"],"raw_orcid":"https://orcid.org/0009-0001-7449-2568","affiliations":[{"raw_affiliation_string":"University of Verona","institution_ids":["https://openalex.org/I119439378"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5116686013"],"corresponding_institution_ids":["https://openalex.org/I119439378"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"16","issue":"4","first_page":"33","last_page":"33"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11886","display_name":"Agricultural risk and resilience","score":0.5654000043869019,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11886","display_name":"Agricultural risk and resilience","score":0.5654000043869019,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.4284999966621399,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11720","display_name":"Probability and Risk Models","score":0.0026000000070780516,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[],"concepts":[{"id":"https://openalex.org/C2779785115","wikidata":"https://www.wikidata.org/wiki/Q708399","display_name":"Indemnity","level":2,"score":0.8432000279426575},{"id":"https://openalex.org/C166566181","wikidata":"https://www.wikidata.org/wiki/Q8065","display_name":"Natural disaster","level":2,"score":0.58160001039505},{"id":"https://openalex.org/C117251300","wikidata":"https://www.wikidata.org/wiki/Q1849855","display_name":"Parametric statistics","level":2,"score":0.567799985408783},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.5453000068664551},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.508400022983551},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.4620000123977661},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.4616999924182892},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4390000104904175},{"id":"https://openalex.org/C132651083","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Climate change","level":2,"score":0.4124000072479248},{"id":"https://openalex.org/C39410599","wikidata":"https://www.wikidata.org/wiki/Q3433179","display_name":"Natural hazard","level":2,"score":0.37400001287460327},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.34060001373291016},{"id":"https://openalex.org/C68799949","wikidata":"https://www.wikidata.org/wiki/Q977871","display_name":"Insurance policy","level":2,"score":0.3400999903678894},{"id":"https://openalex.org/C107826830","wikidata":"https://www.wikidata.org/wiki/Q929380","display_name":"Environmental resource management","level":1,"score":0.3325999975204468},{"id":"https://openalex.org/C96250715","wikidata":"https://www.wikidata.org/wiki/Q965330","display_name":"Estimation","level":2,"score":0.3257000148296356},{"id":"https://openalex.org/C96535974","wikidata":"https://www.wikidata.org/wiki/Q1351914","display_name":"Risk pool","level":4,"score":0.3181999921798706},{"id":"https://openalex.org/C2780210451","wikidata":"https://www.wikidata.org/wiki/Q3433166","display_name":"Climate risk","level":3,"score":0.3160000145435333},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.3050000071525574},{"id":"https://openalex.org/C2777802595","wikidata":"https://www.wikidata.org/wiki/Q863133","display_name":"Crop insurance","level":3,"score":0.29440000653266907},{"id":"https://openalex.org/C139807058","wikidata":"https://www.wikidata.org/wiki/Q352374","display_name":"Adaptation (eye)","level":2,"score":0.2935999929904938},{"id":"https://openalex.org/C2776719154","wikidata":"https://www.wikidata.org/wiki/Q1094965","display_name":"Downside risk","level":3,"score":0.28999999165534973},{"id":"https://openalex.org/C205537798","wikidata":"https://www.wikidata.org/wiki/Q1277161","display_name":"Extreme weather","level":3,"score":0.2867000102996826},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.27810001373291016},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.27469998598098755},{"id":"https://openalex.org/C5891342","wikidata":"https://www.wikidata.org/wiki/Q2868302","display_name":"Property insurance","level":4,"score":0.2671000063419342},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.26510000228881836},{"id":"https://openalex.org/C118518473","wikidata":"https://www.wikidata.org/wiki/Q11451","display_name":"Agriculture","level":2,"score":0.2632000148296356}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.22495/rgcv16i4p3","doi":"https://doi.org/10.22495/rgcv16i4p3","is_oa":true,"landing_page_url":"https://doi.org/10.22495/rgcv16i4p3","pdf_url":null,"source":{"id":"https://openalex.org/S2799221473","display_name":"Risk Governance and Control Financial Markets & Institutions","issn_l":"2077-429X","issn":["2077-429X","2077-4303"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Risk Governance and Control Financial Markets & Institutions","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.22495/rgcv16i4p3","doi":"https://doi.org/10.22495/rgcv16i4p3","is_oa":true,"landing_page_url":"https://doi.org/10.22495/rgcv16i4p3","pdf_url":null,"source":{"id":"https://openalex.org/S2799221473","display_name":"Risk Governance and Control Financial Markets & Institutions","issn_l":"2077-429X","issn":["2077-429X","2077-4303"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Risk Governance and Control Financial Markets & Institutions","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W58621462","https://openalex.org/W204885769","https://openalex.org/W1500657154","https://openalex.org/W1546469808","https://openalex.org/W1778629073","https://openalex.org/W2006050534","https://openalex.org/W2022793480","https://openalex.org/W2026954012","https://openalex.org/W2131917541","https://openalex.org/W2139170519","https://openalex.org/W2166238316","https://openalex.org/W2530960585","https://openalex.org/W2552760608","https://openalex.org/W2799002609","https://openalex.org/W2808498350","https://openalex.org/W2979619163","https://openalex.org/W2990659850","https://openalex.org/W3007774593","https://openalex.org/W3027908808","https://openalex.org/W3040787894","https://openalex.org/W3112717819","https://openalex.org/W4229070968","https://openalex.org/W4311599531","https://openalex.org/W4362668491","https://openalex.org/W4386221420","https://openalex.org/W4388322985","https://openalex.org/W4407931535","https://openalex.org/W4409055506","https://openalex.org/W4415214570"],"related_works":[],"abstract_inverted_index":{"The":[0,170],"rising":[1],"incidence":[2],"and":[3,39,139,154,176],"impact":[4],"of":[5,74,96,103,141],"natural":[6,30],"disasters":[7,31],"have":[8],"thus":[9,59],"increased":[10],"the":[11,72,93,104],"need":[12],"for":[13,136,161,179,189],"efficient":[14],"risk":[15,191],"transfer":[16,192],"solutions.":[17],"Conventional":[18],"indemnity":[19],"insurance":[20,76,121,164],"contracts":[21,165],"tend":[22],"to":[23,33,81,117,123],"inadequately":[24],"address":[25,82],"financial":[26],"risks":[27],"associated":[28,88],"with":[29,89],"due":[32],"transaction":[34],"costs,":[35],"time-consuming":[36],"claims":[37],"settlement,":[38],"moral":[40],"hazard.":[41],"Parametric":[42],"insurance,":[43,111],"which":[44],"provides":[45],"compensation":[46],"based":[47],"on":[48,92,109],"predefined":[49],"indices":[50],"such":[51],"as":[52,77],"weather":[53],"cycles":[54],"or":[55],"earthquake":[56],"activity,":[57],"has":[58],"become":[60],"a":[61,78,100,112,119,174,186],"promising":[62],"alternative":[63],"(Barnett":[64],"&":[65],"Mahul,":[66],"2007).":[67],"This":[68],"research":[69,144],"paper":[70],"examines":[71],"application":[73],"parametric":[75,110,120,163],"new":[79],"paradigm":[80],"climate":[83,181],"change":[84],"risks,":[85],"especially":[86],"those":[87],"drought":[90,125,190],"conditions":[91],"Veneto":[94,133],"coast":[95],"Lake":[97],"Garda.":[98],"After":[99],"brief":[101],"analysis":[102],"most":[105],"relevant":[106],"theoretical":[107],"contributions":[108],"case":[113],"study":[114],"is":[115],"proposed":[116,171],"calibrate":[118],"contract":[122],"mitigate":[124],"risks.":[126],"Using":[127],"historical":[128],"rainfall":[129],"records":[130],"from":[131],"ARPA":[132],"(Regional":[134],"Agency":[135],"Environmental":[137],"Prevention":[138],"Protection":[140],"Veneto),":[142],"this":[143],"demonstrates":[145],"that":[146],"empirical":[147],"statistical":[148],"methods,":[149],"including":[150],"non-parametric":[151],"density":[152],"estimation":[153],"simulation":[155],"techniques,":[156],"provide":[157],"an":[158],"effective":[159],"framework":[160,188],"pricing":[162],"(Figueiredo":[166],"et":[167],"al.,":[168],"2018).":[169],"methodology":[172],"offers":[173],"transparent":[175],"data-driven":[177],"approach":[178],"supporting":[180],"adaptation":[182],"strategies":[183],"while":[184],"contributing":[185],"replicable":[187],"in":[193],"agricultural":[194],"systems.":[195]},"counts_by_year":[],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2026-11-12T00:00:00"}