View: View 1 (25 Variables)

Top	(All) Variables (29 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#0 C	Administrative Fixed Cost Parameter (Dmnl) = 0.05 Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#1 A	Anticipated Risk (Dmnl) = MAX( Error 2 (Insurer, Historic)* Cumulative History of Disaster Events/( Time+1), Delay 1/( Time+1)) Description: Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#2 DE,A	Buyer Dissatisfied () = DELAY FIXED(IF THEN ELSE(( Farm Yield<90):AND:( Calculated Yield> Farm Yield),1,0),1,0) Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#3 A	Calculated Yield () = Error 3 (Insurer, Claim Payout)* Farm Yield Description: Survey for settling claims Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#4 LI,F,A	Claims Settled (Dmnl) = Insurance Cover*MAX(0,90- Calculated Yield) Description: Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#5 L	Cumulative History of Claims Settled (Year) = ∫ Claims Settled/100.0 dt + ( Claims Settled* Unit)/100.0 Description: Claims Settled Present In 1 View: View 1 Used By Delay 1 Delay in Claim Settlement Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#6 L	Cumulative History of Disaster Events () = ∫ Disaster Events dt + Disaster Events* Unit Description: Disaster Events Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#7 DE,A	Delay 1 () = DELAY FIXED( Cumulative History of Claims Settled,1,0.03) Description: Delay in Claim Settlement Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#8 LI,F,A	Disaster Events (Dmnl) = RANDOM NORMAL(0,1,0,0.125,0) Description: Provides a probability of risk events for a given year. Present In 1 View: View 1 Used By Cumulative History of Disaster Events Disaster Events Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#9 C	Effect of Dissatisfaction () = -3 Description: One dissatisfied customer dissuades 7 others from taking next year. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#10 A	Error 1 (Farmer) (Dmnl) = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,1) Description: Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Present In 1 View: View 1 Used By Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#11 I	Error 2 (Insurer, Historic) () = INITIAL(1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,2)) Description: Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#12 A	Error 3 (Insurer, Claim Payout) () = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,3) Description: Seed 3 for Error 3 : Survey at the time of claim settlement. Present In 1 View: View 1 Used By Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#13 A	Farm Yield () = Long term average yield*(1- Disaster Events) Description: Actual Yield in that year. Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#16 A	Insurance Cover () = MIN(0.99,MAX(0.01,POWER(0.925,100*(MAX(0.01, Quoted Insurance Premium- Subsidy on Premium+( Yield Anticipated by Farmer-90)/100-0.02)))+ Buyer Dissatisfied* Effect of Dissatisfaction* Last Year Cover)) Description: (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Present In 1 View: View 1 Used By Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Last Year Cover Last Year Cover Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#17 DE,A	Last Year Cover () = DELAY FIXED( Insurance Cover,1,0.26) Description: Last Year Cover Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#18 C	Loading () = 2 Description: Actuarial Premium x loading + administrative costs Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#19 C	Long term average yield () = 100 Description: Long term average Yield Present In 1 View: View 1 Used By Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#21 A	Profitability of Insurance Company (Dmnl) = Quoted Insurance Premium-( Claims Settled/100) Description: Profitability to Insurance Company Present In 1 View: View 1 Used By Survival of Insurance Company Three year cumulative profits greater than zero (or minus 50%). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#22 C	Quality of Data about Disaster Risk (Dmnl) = 0.95 Description: 0 : poor quality1 : best quality Present In 1 View: View 1 Used By Error 1 (Farmer) Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Error 2 (Insurer, Historic) Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Error 3 (Insurer, Claim Payout) Seed 3 for Error 3 : Survey at the time of claim settlement. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#23 A	Quoted Insurance Premium () = ( Anticipated Risk* Loading+MIN(0.5, Anticipated Risk* Loading* Administrative Fixed Cost Parameter/ Last Year Cover)) Description: Premium Quoted by Insurer. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 1 (50.0%) (+) 0  [0,0] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#25 C	Subsidy on Premium () = 0.05 Description: Subsidy Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#26 DE,A	Survival of Insurance Company () = DELAY FIXED( Profitability of Insurance Company,1,0) Description: Three year cumulative profits greater than zero (or minus 50%). Present In 1 View: View 1 Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#29 LI,C	Unit (Dmnl) = 1 Description: Year Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Cumulative History of Disaster Events Disaster Events Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#30 A	Yield Anticipated by Farmer () = Long term average yield* Error 1 (Farmer)*(1- Disaster Events) Description: Yield Anticipated by farmers Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#14 C	FINAL TIME (Year) = 100 Description: The final time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#15 C	INITIAL TIME (Year) = 0 Description: The initial time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#24 A	SAVEPER (Year ) = TIME STEP Description: The frequency with which output is stored. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#27 C	TIME STEP (Year ) = 1 Description: The time step for the simulation. Present In 0 Views: Used By SAVEPER The frequency with which output is stored. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

(View) Not in View (4 Variables)

Top	(View) Not in View (4 Variables)
Group	Type	Variable Name And Description
.Control	#14 C	FINAL TIME (Year) = 100 Description: The final time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#15 C	INITIAL TIME (Year) = 0 Description: The initial time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#24 A	SAVEPER (Year ) = TIME STEP Description: The frequency with which output is stored. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#27 C	TIME STEP (Year ) = 1 Description: The time step for the simulation. Present In 0 Views: Used By SAVEPER The frequency with which output is stored. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

(View) View 1 (25 Variables)

Top	(View) View 1 (25 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#0 C	Administrative Fixed Cost Parameter (Dmnl) = 0.05 Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#1 A	Anticipated Risk (Dmnl) = MAX( Error 2 (Insurer, Historic)* Cumulative History of Disaster Events/( Time+1), Delay 1/( Time+1)) Description: Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#2 DE,A	Buyer Dissatisfied () = DELAY FIXED(IF THEN ELSE(( Farm Yield<90):AND:( Calculated Yield> Farm Yield),1,0),1,0) Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#3 A	Calculated Yield () = Error 3 (Insurer, Claim Payout)* Farm Yield Description: Survey for settling claims Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#4 LI,F,A	Claims Settled (Dmnl) = Insurance Cover*MAX(0,90- Calculated Yield) Description: Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#5 L	Cumulative History of Claims Settled (Year) = ∫ Claims Settled/100.0 dt + ( Claims Settled* Unit)/100.0 Description: Claims Settled Present In 1 View: View 1 Used By Delay 1 Delay in Claim Settlement Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#6 L	Cumulative History of Disaster Events () = ∫ Disaster Events dt + Disaster Events* Unit Description: Disaster Events Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#7 DE,A	Delay 1 () = DELAY FIXED( Cumulative History of Claims Settled,1,0.03) Description: Delay in Claim Settlement Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#8 LI,F,A	Disaster Events (Dmnl) = RANDOM NORMAL(0,1,0,0.125,0) Description: Provides a probability of risk events for a given year. Present In 1 View: View 1 Used By Cumulative History of Disaster Events Disaster Events Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#9 C	Effect of Dissatisfaction () = -3 Description: One dissatisfied customer dissuades 7 others from taking next year. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#10 A	Error 1 (Farmer) (Dmnl) = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,1) Description: Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Present In 1 View: View 1 Used By Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#11 I	Error 2 (Insurer, Historic) () = INITIAL(1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,2)) Description: Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#12 A	Error 3 (Insurer, Claim Payout) () = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,3) Description: Seed 3 for Error 3 : Survey at the time of claim settlement. Present In 1 View: View 1 Used By Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#13 A	Farm Yield () = Long term average yield*(1- Disaster Events) Description: Actual Yield in that year. Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#16 A	Insurance Cover () = MIN(0.99,MAX(0.01,POWER(0.925,100*(MAX(0.01, Quoted Insurance Premium- Subsidy on Premium+( Yield Anticipated by Farmer-90)/100-0.02)))+ Buyer Dissatisfied* Effect of Dissatisfaction* Last Year Cover)) Description: (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Present In 1 View: View 1 Used By Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Last Year Cover Last Year Cover Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#17 DE,A	Last Year Cover () = DELAY FIXED( Insurance Cover,1,0.26) Description: Last Year Cover Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#18 C	Loading () = 2 Description: Actuarial Premium x loading + administrative costs Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#19 C	Long term average yield () = 100 Description: Long term average Yield Present In 1 View: View 1 Used By Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#21 A	Profitability of Insurance Company (Dmnl) = Quoted Insurance Premium-( Claims Settled/100) Description: Profitability to Insurance Company Present In 1 View: View 1 Used By Survival of Insurance Company Three year cumulative profits greater than zero (or minus 50%). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#22 C	Quality of Data about Disaster Risk (Dmnl) = 0.95 Description: 0 : poor quality1 : best quality Present In 1 View: View 1 Used By Error 1 (Farmer) Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Error 2 (Insurer, Historic) Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Error 3 (Insurer, Claim Payout) Seed 3 for Error 3 : Survey at the time of claim settlement. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#23 A	Quoted Insurance Premium () = ( Anticipated Risk* Loading+MIN(0.5, Anticipated Risk* Loading* Administrative Fixed Cost Parameter/ Last Year Cover)) Description: Premium Quoted by Insurer. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 1 (50.0%) (+) 0  [0,0] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#25 C	Subsidy on Premium () = 0.05 Description: Subsidy Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#26 DE,A	Survival of Insurance Company () = DELAY FIXED( Profitability of Insurance Company,1,0) Description: Three year cumulative profits greater than zero (or minus 50%). Present In 1 View: View 1 Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#29 LI,C	Unit (Dmnl) = 1 Description: Year Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Cumulative History of Disaster Events Disaster Events Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#30 A	Yield Anticipated by Farmer () = Long term average yield* Error 1 (Farmer)*(1- Disaster Events) Description: Yield Anticipated by farmers Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Group) .Control (4 Variables)
Group	Type	Variable Name And Description
.Control	#14 C	FINAL TIME (Year) = 100 Description: The final time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#15 C	INITIAL TIME (Year) = 0 Description: The initial time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#24 A	SAVEPER (Year ) = TIME STEP Description: The frequency with which output is stored. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#27 C	TIME STEP (Year ) = 1 Description: The time step for the simulation. Present In 0 Views: Used By SAVEPER The frequency with which output is stored. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Group) Final Model without Units_loops_for_Simulation (25 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#0 C	Administrative Fixed Cost Parameter (Dmnl) = 0.05 Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#1 A	Anticipated Risk (Dmnl) = MAX( Error 2 (Insurer, Historic)* Cumulative History of Disaster Events/( Time+1), Delay 1/( Time+1)) Description: Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#2 DE,A	Buyer Dissatisfied () = DELAY FIXED(IF THEN ELSE(( Farm Yield<90):AND:( Calculated Yield> Farm Yield),1,0),1,0) Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#3 A	Calculated Yield () = Error 3 (Insurer, Claim Payout)* Farm Yield Description: Survey for settling claims Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#4 LI,F,A	Claims Settled (Dmnl) = Insurance Cover*MAX(0,90- Calculated Yield) Description: Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#5 L	Cumulative History of Claims Settled (Year) = ∫ Claims Settled/100.0 dt + ( Claims Settled* Unit)/100.0 Description: Claims Settled Present In 1 View: View 1 Used By Delay 1 Delay in Claim Settlement Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#6 L	Cumulative History of Disaster Events () = ∫ Disaster Events dt + Disaster Events* Unit Description: Disaster Events Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#7 DE,A	Delay 1 () = DELAY FIXED( Cumulative History of Claims Settled,1,0.03) Description: Delay in Claim Settlement Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#8 LI,F,A	Disaster Events (Dmnl) = RANDOM NORMAL(0,1,0,0.125,0) Description: Provides a probability of risk events for a given year. Present In 1 View: View 1 Used By Cumulative History of Disaster Events Disaster Events Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#9 C	Effect of Dissatisfaction () = -3 Description: One dissatisfied customer dissuades 7 others from taking next year. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#10 A	Error 1 (Farmer) (Dmnl) = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,1) Description: Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Present In 1 View: View 1 Used By Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#11 I	Error 2 (Insurer, Historic) () = INITIAL(1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,2)) Description: Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#12 A	Error 3 (Insurer, Claim Payout) () = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,3) Description: Seed 3 for Error 3 : Survey at the time of claim settlement. Present In 1 View: View 1 Used By Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#13 A	Farm Yield () = Long term average yield*(1- Disaster Events) Description: Actual Yield in that year. Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#16 A	Insurance Cover () = MIN(0.99,MAX(0.01,POWER(0.925,100*(MAX(0.01, Quoted Insurance Premium- Subsidy on Premium+( Yield Anticipated by Farmer-90)/100-0.02)))+ Buyer Dissatisfied* Effect of Dissatisfaction* Last Year Cover)) Description: (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Present In 1 View: View 1 Used By Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Last Year Cover Last Year Cover Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#17 DE,A	Last Year Cover () = DELAY FIXED( Insurance Cover,1,0.26) Description: Last Year Cover Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#18 C	Loading () = 2 Description: Actuarial Premium x loading + administrative costs Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#19 C	Long term average yield () = 100 Description: Long term average Yield Present In 1 View: View 1 Used By Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#21 A	Profitability of Insurance Company (Dmnl) = Quoted Insurance Premium-( Claims Settled/100) Description: Profitability to Insurance Company Present In 1 View: View 1 Used By Survival of Insurance Company Three year cumulative profits greater than zero (or minus 50%). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#22 C	Quality of Data about Disaster Risk (Dmnl) = 0.95 Description: 0 : poor quality1 : best quality Present In 1 View: View 1 Used By Error 1 (Farmer) Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Error 2 (Insurer, Historic) Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Error 3 (Insurer, Claim Payout) Seed 3 for Error 3 : Survey at the time of claim settlement. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#23 A	Quoted Insurance Premium () = ( Anticipated Risk* Loading+MIN(0.5, Anticipated Risk* Loading* Administrative Fixed Cost Parameter/ Last Year Cover)) Description: Premium Quoted by Insurer. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 1 (50.0%) (+) 0  [0,0] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#25 C	Subsidy on Premium () = 0.05 Description: Subsidy Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#26 DE,A	Survival of Insurance Company () = DELAY FIXED( Profitability of Insurance Company,1,0) Description: Three year cumulative profits greater than zero (or minus 50%). Present In 1 View: View 1 Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#29 LI,C	Unit (Dmnl) = 1 Description: Year Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Cumulative History of Disaster Events Disaster Events Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#30 A	Yield Anticipated by Farmer () = Long term average yield* Error 1 (Farmer)*(1- Disaster Events) Description: Yield Anticipated by farmers Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Type) Level (2 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#5 L	Cumulative History of Claims Settled (Year) = ∫ Claims Settled/100.0 dt + ( Claims Settled* Unit)/100.0 Description: Claims Settled Present In 1 View: View 1 Used By Delay 1 Delay in Claim Settlement Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#6 L	Cumulative History of Disaster Events () = ∫ Disaster Events dt + Disaster Events* Unit Description: Disaster Events Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Type) Smooth (0 Variables) (0/0)
Group	Type	Variable Name And Description

Top	(Type) Delay (4 Variables) (4/4)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#2 DE,A	Buyer Dissatisfied () = DELAY FIXED(IF THEN ELSE(( Farm Yield<90):AND:( Calculated Yield> Farm Yield),1,0),1,0) Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#7 DE,A	Delay 1 () = DELAY FIXED( Cumulative History of Claims Settled,1,0.03) Description: Delay in Claim Settlement Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#17 DE,A	Last Year Cover () = DELAY FIXED( Insurance Cover,1,0.26) Description: Last Year Cover Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#26 DE,A	Survival of Insurance Company () = DELAY FIXED( Profitability of Insurance Company,1,0) Description: Three year cumulative profits greater than zero (or minus 50%). Present In 1 View: View 1 Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Type) Level Initial (3 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#4 LI,F,A	Claims Settled (Dmnl) = Insurance Cover*MAX(0,90- Calculated Yield) Description: Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#8 LI,F,A	Disaster Events (Dmnl) = RANDOM NORMAL(0,1,0,0.125,0) Description: Provides a probability of risk events for a given year. Present In 1 View: View 1 Used By Cumulative History of Disaster Events Disaster Events Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#29 LI,C	Unit (Dmnl) = 1 Description: Year Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Cumulative History of Disaster Events Disaster Events Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Type) Initial (1 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#11 I	Error 2 (Insurer, Historic) () = INITIAL(1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,2)) Description: Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Type) Constant (10 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#0 C	Administrative Fixed Cost Parameter (Dmnl) = 0.05 Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#9 C	Effect of Dissatisfaction () = -3 Description: One dissatisfied customer dissuades 7 others from taking next year. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#18 C	Loading () = 2 Description: Actuarial Premium x loading + administrative costs Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#19 C	Long term average yield () = 100 Description: Long term average Yield Present In 1 View: View 1 Used By Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#22 C	Quality of Data about Disaster Risk (Dmnl) = 0.95 Description: 0 : poor quality1 : best quality Present In 1 View: View 1 Used By Error 1 (Farmer) Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Error 2 (Insurer, Historic) Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Error 3 (Insurer, Claim Payout) Seed 3 for Error 3 : Survey at the time of claim settlement. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#25 C	Subsidy on Premium () = 0.05 Description: Subsidy Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#29 LI,C	Unit (Dmnl) = 1 Description: Year Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Cumulative History of Disaster Events Disaster Events Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#14 C	FINAL TIME (Year) = 100 Description: The final time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#15 C	INITIAL TIME (Year) = 0 Description: The initial time for the simulation. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#27 C	TIME STEP (Year ) = 1 Description: The time step for the simulation. Present In 0 Views: Used By SAVEPER The frequency with which output is stored. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Type) Flow (2 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#4 LI,F,A	Claims Settled (Dmnl) = Insurance Cover*MAX(0,90- Calculated Yield) Description: Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#8 LI,F,A	Disaster Events (Dmnl) = RANDOM NORMAL(0,1,0,0.125,0) Description: Provides a probability of risk events for a given year. Present In 1 View: View 1 Used By Cumulative History of Disaster Events Disaster Events Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

Top	(Type) Auxiliary (17 Variables)
Group	Type	Variable Name And Description
Final Model without Units_loops_for_Simulation	#1 A	Anticipated Risk (Dmnl) = MAX( Error 2 (Insurer, Historic)* Cumulative History of Disaster Events/( Time+1), Delay 1/( Time+1)) Description: Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Present In 1 View: View 1 Used By Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#2 DE,A	Buyer Dissatisfied () = DELAY FIXED(IF THEN ELSE(( Farm Yield<90):AND:( Calculated Yield> Farm Yield),1,0),1,0) Description: 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#3 A	Calculated Yield () = Error 3 (Insurer, Claim Payout)* Farm Yield Description: Survey for settling claims Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#4 LI,F,A	Claims Settled (Dmnl) = Insurance Cover*MAX(0,90- Calculated Yield) Description: Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Present In 1 View: View 1 Used By Cumulative History of Claims Settled Claims Settled Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#7 DE,A	Delay 1 () = DELAY FIXED( Cumulative History of Claims Settled,1,0.03) Description: Delay in Claim Settlement Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#8 LI,F,A	Disaster Events (Dmnl) = RANDOM NORMAL(0,1,0,0.125,0) Description: Provides a probability of risk events for a given year. Present In 1 View: View 1 Used By Cumulative History of Disaster Events Disaster Events Farm Yield Actual Yield in that year. Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#10 A	Error 1 (Farmer) (Dmnl) = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,1) Description: Normally distributed fraction with mean 1.0Seed 1 for Error 1 : Farmer's (biased) assessment of disaster risk. Present In 1 View: View 1 Used By Yield Anticipated by Farmer Yield Anticipated by farmers Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#11 I	Error 2 (Insurer, Historic) () = INITIAL(1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,2)) Description: Value does not change during the run. Initial value = random multiplier between 0 and 2.Seed = 2 for Error in Insurer's assessment of disaster risk. Present In 1 View: View 1 Used By Anticipated Risk Finds average Anticipated Risk using both cumulative history of Disaster Events (contains error) and claims history (no errors). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#12 A	Error 3 (Insurer, Claim Payout) () = 1+RANDOM NORMAL(-1,1,0,1- Quality of Data about Disaster Risk,3) Description: Seed 3 for Error 3 : Survey at the time of claim settlement. Present In 1 View: View 1 Used By Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#13 A	Farm Yield () = Long term average yield*(1- Disaster Events) Description: Actual Yield in that year. Present In 1 View: View 1 Used By Buyer Dissatisfied 5% of premium collected, if 100% area is covered. Smaller cover will result in greater costs. Calculated Yield Survey for settling claims Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#16 A	Insurance Cover () = MIN(0.99,MAX(0.01,POWER(0.925,100*(MAX(0.01, Quoted Insurance Premium- Subsidy on Premium+( Yield Anticipated by Farmer-90)/100-0.02)))+ Buyer Dissatisfied* Effect of Dissatisfaction* Last Year Cover)) Description: (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Present In 1 View: View 1 Used By Claims Settled Insurance Cover (fraction) times shortfall. Shortfall = max(0, 0.9 - yield). at 90% indemnity. Last Year Cover Last Year Cover Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#17 DE,A	Last Year Cover () = DELAY FIXED( Insurance Cover,1,0.26) Description: Last Year Cover Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Quoted Insurance Premium Premium Quoted by Insurer. Feedback Loops: 2 (100.0%) (+) 1  [2,2] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#21 A	Profitability of Insurance Company (Dmnl) = Quoted Insurance Premium-( Claims Settled/100) Description: Profitability to Insurance Company Present In 1 View: View 1 Used By Survival of Insurance Company Three year cumulative profits greater than zero (or minus 50%). Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#23 A	Quoted Insurance Premium () = ( Anticipated Risk* Loading+MIN(0.5, Anticipated Risk* Loading* Administrative Fixed Cost Parameter/ Last Year Cover)) Description: Premium Quoted by Insurer. Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Profitability of Insurance Company Profitability to Insurance Company Feedback Loops: 1 (50.0%) (+) 0  [0,0] (-) 1  [3,3]
Final Model without Units_loops_for_Simulation	#26 DE,A	Survival of Insurance Company () = DELAY FIXED( Profitability of Insurance Company,1,0) Description: Three year cumulative profits greater than zero (or minus 50%). Present In 1 View: View 1 Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
Final Model without Units_loops_for_Simulation	#30 A	Yield Anticipated by Farmer () = Long term average yield* Error 1 (Farmer)*(1- Disaster Events) Description: Yield Anticipated by farmers Present In 1 View: View 1 Used By Insurance Cover (% area in a given geography)0.02 is certainty equivalent risk aversion of farmer. i.e. each and every farmer is okay with 2% premium for insurance.Max 95% is remaining. Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]
.Control	#24 A	SAVEPER (Year ) = TIME STEP Description: The frequency with which output is stored. Present In 0 Views: Used By Feedback Loops: 0 (0.0%) (+) 0  [0,0] (-) 0  [0,0]

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Variable Link Detail (25 Variables + 4 Control Variables)

Undocumented Variables (0 Variables + 0 Control Variables)

Supplementary Variables (0 Variables + 0 Control Variables)

Supplementary Variables Being Used (0 Variables + 0 Control Variables)

Nonmonotonic Lookup Functions (0 Variables + 0 Control Variables)

Non-Zero End Sloped Lookup Functions (0 Variables + 0 Control Variables)

Cascading Lookup Functions (0 Variables + 0 Control Variables)

Equations With Step Pulse Or Related Functions (0 Variables + 0 Control Variables)

Complex Variable (Richardson's Rule Threshold = 3) (3 Variables + 0 Control Variables)

Variables With Source Information (0 Variables + 0 Control Variables)

Function Sensitivity Parameters (0 Variables + 0 Control Variables)

Data Lookup Tables (0 Variables + 0 Control Variables)

Variables Using Macros (0 Variables + 0 Control Variables)

Equations With Unit Errors Or Warnings (18 Variables + 0 Control Variables)

Units (2/0)

Feedback Loops (2|0 Loops ) Maximum Loop Length: 5 [2,3] | [0,0]

Exogenous Variables Analysis (16 Variables + 4 Control Variables)

Endogenous Variables Analysis (9 Variables + 0 Control Variables) (Maximum Endogenous Path Length: 5)