Innovative Agricultural Insurance Products And Schemes
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Innovative Agricultural Insurance Products And Schemes
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Author : Kang, M.G.
language : en
Publisher: Food & Agriculture Org.
Release Date : 2007
Innovative Agricultural Insurance Products And Schemes written by Kang, M.G. and has been published by Food & Agriculture Org. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Agricultural insurance categories.
Innovations In Insuring The Poor
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Author : Ruth Vargas Hill
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2010-01-22
Innovations In Insuring The Poor written by Ruth Vargas Hill and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-22 with Social Science categories.
Risk and poverty are inextricably linked. Susceptibility to risk is a defining feature of what it means to be poor. Poor people often live in environments characterized by high weather and disease risk, and it is poor households that have the fewest tools to deal with drought, floods, and disease when they occur. Breaking the link between risk and poverty by insuring poor people both lessens the affliction of poverty and allows poor people to participate in income growth. This set of briefs considers how to increase the tools available to poor households to manage agricultural and health risks. The focus is how to develop insurance markets, along with other financial instruments such as credit, savings, and social protection policies. The series does not document the proven impact of insurance markets for the welfare of poor people; rather, it brings together briefs written by businesspeople, policymakers, and researchers that document innovations, lessons learned, and areas of future work and action.
Agricultural Risk Transfer
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Author : Roman Marco Hohl
language : en
Publisher: John Wiley & Sons
Release Date : 2019-03-25
Agricultural Risk Transfer written by Roman Marco Hohl and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-25 with Business & Economics categories.
Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
Risk Modeling Concepts Relating To The Design And Rating Of Agricultural Insurance Contracts
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Author : Barry K. Goodwin
language : en
Publisher: World Bank Publications
Release Date : 2004
Risk Modeling Concepts Relating To The Design And Rating Of Agricultural Insurance Contracts written by Barry K. Goodwin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Agricultural insurance categories.
"Goodwin and Mahul identify the key issues and concerns that arise in the design and rating of crop yield insurance plans, with a particular emphasis on production risk modeling. The authors show how the availability of data shapes the insurance scheme and the ratemaking procedures. Relying on the U.S. experience and recent developments in statistics and econometrics, they review risk modeling concepts and provide technical guidelines in the development of crop insurance plans. Finally, they show how these risk modeling techniques can be extended to price risk in order to develop crop revenue insurance schemes. This paper-- a product of the Financial Sector Operations and Policy Department-- is part of a larger effort in the department to develop effective risk management and financial products for agriculture"-- World Bank web site.
When Implementation Goes Wrong Lessons From Crop Insurance In India
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Author : Nirmal, Rajalakshmi
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2021-04-06
When Implementation Goes Wrong Lessons From Crop Insurance In India written by Nirmal, Rajalakshmi and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-06 with Political Science categories.
Based on experiments to bring about comprehensive crop insurance coverage over the last 50 years, the Indian government introduced a new crop insurance program, called Pradhan Mantri Fasal Bima Yojana (PMFBY), in April 2016. Coming after two successive years of drought, the scheme aimed at reducing the burden of smallholders who borrow at high rates of interest but remain at the mercy of the “weather god” to reap optimal returns. Although this new program filled many gaps in the previous crop insurance interventions, it still could not attract smallholder and marginal farmers to fully subscribe to it. It also faced its own set of challenges. It earned farmers’ wrath because of lack of transparency in crop loss assessments and delayed settlement of claims. The government of India had to make the program voluntary under pressure from farmers’ associations, although it was designed as mandatory for famers seeking institutional credit. This paper’s focus is identifying the reasons for failure of PMFBY in most of the states despite its improved features, and comparing these states with a state where it has been relatively successful. It does this through evidence collected from a field study in Marathwada—a drought-prone region in western India, with the nation’s highest rate of farmer suicides. It takes learnings from stakeholder interviews in Marathwada to design implementation strategies for PMFBY’s success and win back the confidence of farmers. The state of Karnataka, in contrast to Marathwada, is an outlier among states in India, with a record of successful implementation of the PMFBY program. This paper studies PMFBY program implementation in Karnataka through a positive deviance case study approach. Though Karnataka hasn’t yet seen full success in terms of penetration achieved in crop insurance, its model can help develop best practices for implementation of PMFBY. The paper argues that getting buy-in from all stakeholders, adopting remote sensing technologies, strengthening infrastructure and institutional capacity, conducting outcome evaluation, and putting in place a monitoring system could be effective mechanisms to mainstream the program among smallholder farmers.
Insurance Of Crops In Developing Countries
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Author : Richard A. J. Roberts
language : en
Publisher: Food & Agriculture Org.
Release Date : 2005
Insurance Of Crops In Developing Countries written by Richard A. J. Roberts and has been published by Food & Agriculture Org. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This publication is primarily concerned with risks to arable and horticultural crops, and the applicability of insurance to managing these risks. Its purpose is to provide an introductory overview of crop and forestry insurance. It begins by defining the boundaries for these types of insurance products in order to assist those interested in exploring and exploiting this financial mechanism. It then outlines how to proceed with planning for crop insurance within the established boundaries. While recognizing that classic, damage-based and yield-based insurance products account for the bulk of all crop insurance written globally, the booklet also points out the dynamism of research and development into new insurance mechanisms. It presents two fairly new insurance products: the first based on insuring a level of crop revenue, and the second where insurable damage is determined on the basis of an index derived from data external to the insured farm. While some of the example material is taken from agriculture and forestry in developed countries, the basic target group of readers is expected to be those concerned with crop and forest risk management in developing parts of the world. This publication will be of interest to farmer unions, producer/commodity groups, processors, marketing firms and others contracting with farmer producers, officials of Ministries of Agriculture, Planning and Commerce, and bankers and insurers with farming and forestry clients.
Cgiar Research On Agricultural Insurance Past Achievements And Future Research Priorities
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Author : Kramer, Berber
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2021-12-27
Cgiar Research On Agricultural Insurance Past Achievements And Future Research Priorities written by Kramer, Berber and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-27 with Political Science categories.
KEY MESSAGES • A recent external review of IFPRI’s research on agricultural insurance found that, since 2009, IFPRI has made important contributions to the literature on factors constraining farmers’ demand for agricultural insurance and on gender inclusiveness of insurance and, since 2015, has focused more specifically on developing new forms of insurance that can reduce basis risk at the farm level and make insurance more attractive to farmers. • IFPRI’s work on flexible insurance contracts, picture-based insurance, and bundling agricultural insurance with credit, seeds, and other agricultural services shows that well-designed insurance can significantly improve on standard index products, increase demand among smallholders, and lead to greater use of bundled inputs like improved seeds and climate-smart farming practices. • ILRI’s long-term success with its index-based livestock insurance (IBLI) product illustrates that an action-oriented approach aimed at working with strong implementing partners on the ground ensures that, when a product is successful, it has the potential to scale up quickly, leading to significant development impacts. • Important knowledge gaps that warrant further CGIAR research include: 1) segmenting product design and marketing strategies for different target groups, such as sustainable commercial insurance and inclusive insurance; 2) the value and optimal design of programs and policies to remove tail-end catastrophic risks, and of insurance more broadly within a more holistic risk management framework; and 3) cost-benefit analyses around the net social benefits of insurance subsidies, and how these subsidies can best be designed and targeted to achieve their purposes.
Government Support To Agricultural Insurance
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Author : Olivier Mahul
language : en
Publisher: World Bank Publications
Release Date : 2010-03-08
Government Support To Agricultural Insurance written by Olivier Mahul and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-08 with Business & Economics categories.
Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
Agricultural Insurance
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Author : Syed M. Ahsan
language : en
Publisher: Gower Publishing Company, Limited
Release Date : 1985
Agricultural Insurance written by Syed M. Ahsan and has been published by Gower Publishing Company, Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Business & Economics categories.
Discusses the relative efficiency of alternative public policies and/ or social arrangements in mitigating the adverse consequences of agricultural risks; analyses a pilot scheme operated in Bangladesh since 1977; designs an area approach crop insurance scheme for Bangladesh; provides zonal risk classifications for most major crops; evaluates alternative schemes, financing, adequacy of protection, farmers' enthusiasm, and re-insurance (Author).
Improving Farmers Access To Agricultural Insurance In India
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Author : Olivier Mahul
language : en
Publisher:
Release Date : 2017
Improving Farmers Access To Agricultural Insurance In India written by Olivier Mahul and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
India's crop insurance program is the world's largest with 25 million farmers insured. However, issues in design, particularly related to delays in claims settlement, have led to 95 million farmer households not being covered, despite significant government subsidy. To address this and other problems, the Government of India is piloting a modified National Agricultural Insurance Scheme, a market-based scheme with involvement from the private sector. Compared with the existing scheme, the new program has a design that can offer more timely, claim settlement, less distortion in the allocation of government subsidies and cross-subsidies between farmer groups, and reduced basis risk. Implementation and technical challenges lie ahead which can be addressed but will require a comprehensive strategy, innovative solutions, and timely roll out. This paper describes and analyzes both programs, and discusses lessons learned in developing and implementing the new program.