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:
DMF
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
id okr-10986-12624
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic 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
spellingShingle 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
World Bank
Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers
geographic_facet South Asia
Bangladesh
description 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.
format Economic & Sector Work :: Other Financial Sector Study
author World Bank
author_facet World Bank
author_sort World Bank
title Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers
title_short Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers
title_full Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers
title_fullStr Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers
title_full_unstemmed Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers
title_sort agricultural insurance in bangladesh : promoting access to small and marginal farmers
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2010/06/16546383/agricultural-insurance-bangladesh-promoting-access-small-marginal-farmers
http://hdl.handle.net/10986/12624
_version_ 1764421861858344960
spelling okr-10986-126242021-04-23T14:03:05Z Agricultural Insurance in Bangladesh : Promoting Access to Small and Marginal Farmers World Bank 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 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. 2013-03-11T16:09:53Z 2013-03-11T16:09:53Z 2010-06 http://documents.worldbank.org/curated/en/2010/06/16546383/agricultural-insurance-bangladesh-promoting-access-small-marginal-farmers http://hdl.handle.net/10986/12624 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work South Asia Bangladesh