Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers

Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers

Bangladesh is ranked as the world's fifth most exposed country to natural disasters, including floods, cyclones, and droughts. The purpose of this study is to investigate the viability of agricultural insurance in Bangladesh, particularly for...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCIDENT ACCIDENTAL DEATH ACCOUNTING AGRICULTURAL COMMODITIES AGRICULTURAL CREDIT AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL LOANS AGRICULTURAL PRODUCTION ALLOCATION ANIMAL HEALTH ANTHRAX BALANCE SHEETS BANK LENDING BANKING SECTOR BENEFICIARIES BRANCH NETWORKS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CASH PAYMENTS CASUALTIES CATASTROPHE REINSURANCE CATASTROPHIC LOSSES CHEMICALS CIVIL WAR CLIMATE CLIMATE CHANGE COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL INSURANCE COMMISSIONS COMMODITY RISK MANAGEMENT COMPENSATION FUND COMPENSATION PAYMENTS COMPETITIVENESS CONSUMER PROTECTION CONTAGIOUS DISEASES COSTS OF INSURANCE COVERAGE CREDIT PROGRAM CROP INSURANCE CROP INSURANCE PRODUCT CROP INSURANCE PROGRAM CROP INSURANCE SCHEME CROP LOSSES CURRENCY CYCLONES DAMAGE ASSESSMENT DAMAGED HOUSES DEATH TOLL DEPOSIT DEPOSITS DEVELOPMENT BANK DISASTER DISASTER EMERGENCY DISASTER MANAGEMENT DISASTER REDUCTION DISASTER RELIEF DISASTER RISK DISASTER RISK REDUCTION DISASTERS DISEASE OUTBREAK DISEASE OUTBREAKS DMF DONOR COMMUNITY DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC COSTS EMERGENCY MANAGEMENT EMERGENCY RELIEF EQUIPMENT EXCESS OF LOSS REINSURANCE EXCHANGE RATE EXPLOSION FAIR PRICE FAIR PRICES FAMINE FARMER FINANCIAL ASSISTANCE FINANCIAL CAPACITY FINANCIAL CHALLENGES FINANCIAL COMPENSATION FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL LOSSES FINANCIAL NEEDS FINANCIAL SECTOR FINANCIAL SERVICES FIRE FLOOD FLOOD CONTROL FLOODING FLOODS FOOD AID FOOD SECURITY GENERAL INSURANCE GLOBAL CAPITAL GLOBAL CAPITAL MARKET GOVERNMENT POLICY GROSS DOMESTIC PRODUCT HEALTH CARE HEALTH INSURANCE HEALTH STATUS HUMAN DEVELOPMENT INCOME INCOME HOUSEHOLDS INDEMNITIES INDEMNITY INDEPENDENT INSURANCE BROKERS INSURANCE AGENTS INSURANCE ASSOCIATION INSURANCE BROKER INSURANCE BROKERS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CORPORATION INSURANCE CORPORATIONS INSURANCE COVER INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MECHANISMS INSURANCE PENETRATION INSURANCE PILOT INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE RATES INSURANCE REGULATIONS INSURANCE REGULATOR INSURANCE SCHEMES INSURANCE SECTOR INSURANCE SOLUTIONS INSURED LOSSES INSURER INSURERS INTEREST RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT FUNDS LANDLESS HOUSEHOLDS LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANY LIFE-INSURANCE LIVESTOCK INSURANCE LOAN LOAN PERIOD LOAN VOLUME LOSS RATIO MARKET PENETRATION MEDICINES MICROBORROWERS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROINSURANCE MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MORAL HAZARD MOTOR INSURANCE MULTIPLE PERIL CROP INSURANCE MUTUAL INSURANCE COMPANIES NATURAL DISASTER NATURAL DISASTERS NON-LIFE INSURANCE NONGOVERNMENTAL ORGANIZATIONS OUTSTANDING LOAN OUTSTANDING LOANS PANDEMIC POLICY MAKERS POOR FARMERS PREMIUM PAYMENT PRIVATE BANKS PRIVATE CREDIT PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PROGRAMS PROPERTY INSURANCE PUBLIC INSURANCE RATES REGULATORY AUTHORITY REINSURANCE CAPACITY REINSURANCE REQUIREMENTS REINSURER REINSURERS RELIEF ASSISTANCE RESERVES RETURN RIOT RIOTS RISK ASSESSMENT RISK EXPOSURES RISK MANAGEMENT RURAL BANKS RURAL FINANCE SAVINGS SECURITIES SELF INSURANCE SETTLEMENT SHAREHOLDER SOLVENCY SOURCE OF CREDIT STORM SUBSISTENCE FARMERS THIRD PARTY RISKS TRANSACTION TRANSACTION COSTS TREATY TREATY REINSURANCE TROPICAL CYCLONE TROPICAL CYCLONES TRUST FUND UNDERWRITERS UNDERWRITING WAR
Online Access:	http://documents.worldbank.org/curated/en/2010/06/16546383/agricultural-insurance-bangladesh-promoting-access-small-marginal-farmers http://hdl.handle.net/10986/12624

Description
Summary:	Bangladesh is ranked as the world's fifth most exposed country to natural disasters, including floods, cyclones, and droughts. The purpose of this study is to investigate the viability of agricultural insurance in Bangladesh, particularly for small and marginal farmers and to present the Government of Bangladesh (GoB) with a set of options for the future development of agricultural insurance in the country. The current study aims to identify an overall framework for the development of sustainable market-based agricultural insurance in Bangladesh. It also reviews the technical, operational, financial, and institutional issues and options for the introduction of traditional crop and livestock insurance products and for new crop-index products that are suitable to Bangladeshi farmers. This report present a series of practical guidelines and options for GoB and other interested parties to consider for the future development and implementation of crop, livestock and aquaculture insurance in Bangladesh. This study benefits from this international experience (for example, the Indian area-yield and weather-index crop insurance schemes, a Mexican agricultural mutual insurance program, and a Mongolian livestock-mortality index insurance program), which is tailored to the local economic and social context of Bangladesh.