Government Support to Agricultural Insurance : Challenges and Options for Developing Countries
Governments in developing countries have been increasingly involved in the support of commercial agricultural (crop and livestock) insurance programs in recent years. A striking example is China, where, with support (and premium subsidies) from the...
| Main Authors: | , |
|---|---|
| Format: | Publication |
| Language: | English |
| Published: |
World Bank
2012
|
| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100407020856 http://hdl.handle.net/10986/2432 |
| id |
okr-10986-2432 |
|---|---|
| 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 |
| topic |
ACCIDENT ACCIDENTS AGRICULTURAL ECONOMICS AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL INSURANCE SCHEMES AGRICULTURAL PRODUCTION ASYMMETRIC INFORMATION BANKS BASIS RISK BENEFICIARIES BONDS BROKERS CAPITAL MARKETS CATASTROPHE RISK FINANCING CATASTROPHIC EVENTS CATASTROPHIC INSURANCE CATASTROPHIC RISKS CLIMATE CLIMATE CHANGE COINSURANCE COMMERCIAL INSURANCE CONTINGENT LIABILITY COOPERATIVES COST OF CAPITAL COST OF INSURANCE COSTS OF INSURANCE CREDIT INSURANCE CROP INSURANCE CROP INSURANCE PREMIUM CROP INSURANCE PROGRAM CROP INSURANCE SCHEME DEVELOPMENT NETWORK DISASTER DISASTER RISK DISASTERS DONOR COMMUNITY DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC ANALYSIS ECONOMIC COSTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC WELFARE ENVIRONMENTAL POLICY EXCHANGE RATES EXTREME EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FARMER FEASIBILITY FINANCIAL CHALLENGES FINANCIAL COMPENSATION FINANCIAL INSTITUTIONS FINANCIAL LOSS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL MECHANISM FINANCIAL MECHANISMS FINANCIAL PERFORMANCE FINANCIAL RISK FINANCIAL RISK MANAGEMENT FINANCIAL SERVICES FINANCIAL SUPPORT FIRE FLOOD FLOODS FUTURES GENERAL INSURANCE GROSS NATIONAL INCOME HEALTH CARE HEALTH RISK HOUSING HURRICANE HURRICANES INCOME INDEMNITIES INDEMNITY INDEMNITY INSURANCE INSURABILITY INSURABLE INTEREST INSURANCE AGENTS INSURANCE BROKER INSURANCE BROKERS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE CULTURE INSURANCE EXPERTS INSURANCE GUARANTEE INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICY INSURANCE POOLS INSURANCE PREMIUM INSURANCE PREMIUM RATES INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SCHEMES INSURANCE SECTOR INSURANCE SOLUTIONS INSURERS INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL ORGANIZATIONS INTERNATIONAL REINSURANCE LIBERALIZATION LIFE INSURANCE LIFE INSURANCE PREMIUMS LIVESTOCK INSURANCE LOSS RATIO MARKET FAILURE MORAL HAZARD MULTIPLE PERIL CROP INSURANCE NATURAL DISASTER NATURAL DISASTERS NON-BANK NONLIFE INSURANCE OUTBREAKS POLICY MAKERS PORTFOLIO PRICE RISK PRICE VOLATILITY PRIMARY INSURER PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PROGRAMS PROPERTY INSURANCE PUBLIC INSURANCE RATES RE INSURANCE REDUCING POVERTY REGULATORY FRAMEWORK REINSURANCE AGREEMENT REINSURANCE CAPACITY REINSURANCE COMPANIES REINSURANCE CONTRACT REINSURANCE MARKETS REINSURER REINSURERS RELIEF RESERVES RISK ASSESSMENT RISK AVERSION RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MITIGATION RISK PROFILES RISK REDUCTION RISK TRANSFER SAFETY SAVINGS SOCIAL ASSISTANCE SOLVENCY STORM SUBSISTENCE FARMERS SUSTAINABILITY TOTAL COST TRANSACTIONS COSTS TREATY REINSURANCE UNCERTAINTIES UNDERWRITING WEATHER INSURANCE |
| spellingShingle |
ACCIDENT ACCIDENTS AGRICULTURAL ECONOMICS AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL INSURANCE SCHEMES AGRICULTURAL PRODUCTION ASYMMETRIC INFORMATION BANKS BASIS RISK BENEFICIARIES BONDS BROKERS CAPITAL MARKETS CATASTROPHE RISK FINANCING CATASTROPHIC EVENTS CATASTROPHIC INSURANCE CATASTROPHIC RISKS CLIMATE CLIMATE CHANGE COINSURANCE COMMERCIAL INSURANCE CONTINGENT LIABILITY COOPERATIVES COST OF CAPITAL COST OF INSURANCE COSTS OF INSURANCE CREDIT INSURANCE CROP INSURANCE CROP INSURANCE PREMIUM CROP INSURANCE PROGRAM CROP INSURANCE SCHEME DEVELOPMENT NETWORK DISASTER DISASTER RISK DISASTERS DONOR COMMUNITY DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC ANALYSIS ECONOMIC COSTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC WELFARE ENVIRONMENTAL POLICY EXCHANGE RATES EXTREME EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FARMER FEASIBILITY FINANCIAL CHALLENGES FINANCIAL COMPENSATION FINANCIAL INSTITUTIONS FINANCIAL LOSS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL MECHANISM FINANCIAL MECHANISMS FINANCIAL PERFORMANCE FINANCIAL RISK FINANCIAL RISK MANAGEMENT FINANCIAL SERVICES FINANCIAL SUPPORT FIRE FLOOD FLOODS FUTURES GENERAL INSURANCE GROSS NATIONAL INCOME HEALTH CARE HEALTH RISK HOUSING HURRICANE HURRICANES INCOME INDEMNITIES INDEMNITY INDEMNITY INSURANCE INSURABILITY INSURABLE INTEREST INSURANCE AGENTS INSURANCE BROKER INSURANCE BROKERS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE CULTURE INSURANCE EXPERTS INSURANCE GUARANTEE INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICY INSURANCE POOLS INSURANCE PREMIUM INSURANCE PREMIUM RATES INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SCHEMES INSURANCE SECTOR INSURANCE SOLUTIONS INSURERS INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL ORGANIZATIONS INTERNATIONAL REINSURANCE LIBERALIZATION LIFE INSURANCE LIFE INSURANCE PREMIUMS LIVESTOCK INSURANCE LOSS RATIO MARKET FAILURE MORAL HAZARD MULTIPLE PERIL CROP INSURANCE NATURAL DISASTER NATURAL DISASTERS NON-BANK NONLIFE INSURANCE OUTBREAKS POLICY MAKERS PORTFOLIO PRICE RISK PRICE VOLATILITY PRIMARY INSURER PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PROGRAMS PROPERTY INSURANCE PUBLIC INSURANCE RATES RE INSURANCE REDUCING POVERTY REGULATORY FRAMEWORK REINSURANCE AGREEMENT REINSURANCE CAPACITY REINSURANCE COMPANIES REINSURANCE CONTRACT REINSURANCE MARKETS REINSURER REINSURERS RELIEF RESERVES RISK ASSESSMENT RISK AVERSION RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MITIGATION RISK PROFILES RISK REDUCTION RISK TRANSFER SAFETY SAVINGS SOCIAL ASSISTANCE SOLVENCY STORM SUBSISTENCE FARMERS SUSTAINABILITY TOTAL COST TRANSACTIONS COSTS TREATY REINSURANCE UNCERTAINTIES UNDERWRITING WEATHER INSURANCE Mahul, Olivier Stutley, Charles J. Government Support to Agricultural Insurance : Challenges and Options for Developing Countries |
| description |
Governments in developing countries have
been increasingly involved in the support of commercial
agricultural (crop and livestock) insurance programs in
recent years. A striking example is China, where, with
support (and premium subsidies) from the central and
provincial governments, the agricultural insurance market
grew dramatically to become the second largest market in the
world (after the United States) in 2008. In India and
Mexico, weather-based crop insurance has been developed on a
large scale to protect farmers against the vagaries of the
weather. Many other countries have investigated the
feasibility of agricultural insurance, and some have
implemented pilot programs. This book aims to inform and
update public and private decision makers involved in
promoting agricultural insurance about recent developments
in agriculture insurance. The literature is heavily biased
toward the practice and experience of a few very large
public-private programs in Northern America and Europe,
which are driven by large public financial subsidies. This
book provides decision makers with a framework for
developing agricultural insurance. It is based on an
analytical review of the rationale for public intervention
in agricultural insurance and a detailed comparative
analysis of crop and livestock insurance programs provided
with and without government support in more than 65
developed and developing countries. The comparative analysis
is based on a survey conducted by the World Bank's
agricultural insurance team in 2008. 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. |
| format |
Publications & Research :: Publication |
| author |
Mahul, Olivier Stutley, Charles J. |
| author_facet |
Mahul, Olivier Stutley, Charles J. |
| author_sort |
Mahul, Olivier |
| title |
Government Support to Agricultural
Insurance : Challenges and Options for Developing Countries |
| title_short |
Government Support to Agricultural
Insurance : Challenges and Options for Developing Countries |
| title_full |
Government Support to Agricultural
Insurance : Challenges and Options for Developing Countries |
| title_fullStr |
Government Support to Agricultural
Insurance : Challenges and Options for Developing Countries |
| title_full_unstemmed |
Government Support to Agricultural
Insurance : Challenges and Options for Developing Countries |
| title_sort |
government support to agricultural
insurance : challenges and options for developing countries |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100407020856 http://hdl.handle.net/10986/2432 |
| _version_ |
1764385455682355200 |
| spelling |
okr-10986-24322021-04-23T14:02:02Z Government Support to Agricultural Insurance : Challenges and Options for Developing Countries Mahul, Olivier Stutley, Charles J. ACCIDENT ACCIDENTS AGRICULTURAL ECONOMICS AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL INSURANCE SCHEMES AGRICULTURAL PRODUCTION ASYMMETRIC INFORMATION BANKS BASIS RISK BENEFICIARIES BONDS BROKERS CAPITAL MARKETS CATASTROPHE RISK FINANCING CATASTROPHIC EVENTS CATASTROPHIC INSURANCE CATASTROPHIC RISKS CLIMATE CLIMATE CHANGE COINSURANCE COMMERCIAL INSURANCE CONTINGENT LIABILITY COOPERATIVES COST OF CAPITAL COST OF INSURANCE COSTS OF INSURANCE CREDIT INSURANCE CROP INSURANCE CROP INSURANCE PREMIUM CROP INSURANCE PROGRAM CROP INSURANCE SCHEME DEVELOPMENT NETWORK DISASTER DISASTER RISK DISASTERS DONOR COMMUNITY DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC ANALYSIS ECONOMIC COSTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC WELFARE ENVIRONMENTAL POLICY EXCHANGE RATES EXTREME EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FARMER FEASIBILITY FINANCIAL CHALLENGES FINANCIAL COMPENSATION FINANCIAL INSTITUTIONS FINANCIAL LOSS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL MECHANISM FINANCIAL MECHANISMS FINANCIAL PERFORMANCE FINANCIAL RISK FINANCIAL RISK MANAGEMENT FINANCIAL SERVICES FINANCIAL SUPPORT FIRE FLOOD FLOODS FUTURES GENERAL INSURANCE GROSS NATIONAL INCOME HEALTH CARE HEALTH RISK HOUSING HURRICANE HURRICANES INCOME INDEMNITIES INDEMNITY INDEMNITY INSURANCE INSURABILITY INSURABLE INTEREST INSURANCE AGENTS INSURANCE BROKER INSURANCE BROKERS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE CULTURE INSURANCE EXPERTS INSURANCE GUARANTEE INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICY INSURANCE POOLS INSURANCE PREMIUM INSURANCE PREMIUM RATES INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SCHEMES INSURANCE SECTOR INSURANCE SOLUTIONS INSURERS INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL ORGANIZATIONS INTERNATIONAL REINSURANCE LIBERALIZATION LIFE INSURANCE LIFE INSURANCE PREMIUMS LIVESTOCK INSURANCE LOSS RATIO MARKET FAILURE MORAL HAZARD MULTIPLE PERIL CROP INSURANCE NATURAL DISASTER NATURAL DISASTERS NON-BANK NONLIFE INSURANCE OUTBREAKS POLICY MAKERS PORTFOLIO PRICE RISK PRICE VOLATILITY PRIMARY INSURER PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PROGRAMS PROPERTY INSURANCE PUBLIC INSURANCE RATES RE INSURANCE REDUCING POVERTY REGULATORY FRAMEWORK REINSURANCE AGREEMENT REINSURANCE CAPACITY REINSURANCE COMPANIES REINSURANCE CONTRACT REINSURANCE MARKETS REINSURER REINSURERS RELIEF RESERVES RISK ASSESSMENT RISK AVERSION RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MITIGATION RISK PROFILES RISK REDUCTION RISK TRANSFER SAFETY SAVINGS SOCIAL ASSISTANCE SOLVENCY STORM SUBSISTENCE FARMERS SUSTAINABILITY TOTAL COST TRANSACTIONS COSTS TREATY REINSURANCE UNCERTAINTIES UNDERWRITING WEATHER INSURANCE Governments in developing countries have been increasingly involved in the support of commercial agricultural (crop and livestock) insurance programs in recent years. A striking example is China, where, with support (and premium subsidies) from the central and provincial governments, the agricultural insurance market grew dramatically to become the second largest market in the world (after the United States) in 2008. In India and Mexico, weather-based crop insurance has been developed on a large scale to protect farmers against the vagaries of the weather. Many other countries have investigated the feasibility of agricultural insurance, and some have implemented pilot programs. This book aims to inform and update public and private decision makers involved in promoting agricultural insurance about recent developments in agriculture insurance. The literature is heavily biased toward the practice and experience of a few very large public-private programs in Northern America and Europe, which are driven by large public financial subsidies. This book provides decision makers with a framework for developing agricultural insurance. It is based on an analytical review of the rationale for public intervention in agricultural insurance and a detailed comparative analysis of crop and livestock insurance programs provided with and without government support in more than 65 developed and developing countries. The comparative analysis is based on a survey conducted by the World Bank's agricultural insurance team in 2008. 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. 2012-03-19T09:33:26Z 2012-03-19T09:33:26Z 2010 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100407020856 978-0-8213-8217-2 http://hdl.handle.net/10986/2432 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication |