China : Innovations in Agricultural Insurance

This report explains why agricultural insurance is expensive to deliver to small farm households, details risk assessment in four provinces, and recommends China put more resources in developing products that are more suited to an agricultural economy that is dominated by small farm households. The report discusses the important role of government in supporting the legal and regulatory environment, access to data for new product development, risk sharing, and broader education of all stakeholders about the benefits of agricultural insurance. It also explains why this form of subsidy could provide improved incentives versus a direct subsidy for farmer premium. The report concludes with principle recommendations involving scalable product solutions, risk financing strategy, intuitional capacity building and technical assistance, legal and regulatory framework, and government support and public subsidies.

Bibliographic Details

Main Author:	World Bank
Format:	Other Agricultural Study biblioteca
Language:	English en_US
Published:	Washington, DC 2007-06
Subjects:	ACCIDENT, ACCIDENT INSURANCE, AGRICULTURAL COMMODITIES, AGRICULTURAL INSURANCE, AGRICULTURAL PRODUCTION, ALLOCATION, ANNUAL COST, BROKERS, CAPITAL REQUIREMENTS, CASUALTY, CASUALTY INSURANCE, CATASTROPHE REINSURANCE, CATASTROPHIC EVENTS, CATASTROPHIC LOSSES, CATASTROPHIC RISKS, CENTRAL GOVERNMENT, CLIMATE, COINSURANCE, COMMERCIAL INSURANCE, CONSUMERS, COOPERATIVES, COST OF INSURANCE, COST OF REINSURANCE, COVERAGE, CROP INSURANCE, CROP INSURANCE PREMIUM, CROP INSURANCE PRODUCT, CROP INSURANCE PROGRAM, CYCLONES, DAMAGES, DISASTER COMPENSATION, DISASTERS, DROUGHT, DROUGHTS, ECONOMIC COSTS, ECONOMIC GROWTH, ECONOMICS, EXTREME TEMPERATURES, FARMER, FARMERS, FINANCIAL BURDEN, FINANCIAL CAPACITY, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL SUPPORT, FLOOD, FLOODING, FLOODS, GENERAL INSURANCE, INCOME, INDEMNITY, INFORMATION SYSTEMS, INSURABILITY, INSURANCE ACTIVITIES, INSURANCE ASSOCIATION, INSURANCE COMPANIES, INSURANCE COMPANY, INSURANCE CONTRACTS, INSURANCE INDEMNITIES, INSURANCE INDUSTRY, INSURANCE LAW, INSURANCE MARKET, INSURANCE MARKETS, INSURANCE POLICIES, INSURANCE POLICY, INSURANCE PORTFOLIO, INSURANCE PREMIUM, INSURANCE PREMIUM RATES, INSURANCE PREMIUMS, INSURANCE PRODUCTS, INSURANCE SECTOR, INSURANCE SUPERVISORS, INSURER, INTERNATIONAL REINSURANCE, LAND USE, LEGAL FRAMEWORK, LIFE INSURANCE, LIFE INSURANCE PREMIUMS, LIVESTOCK INSURANCE, LOSS RATIO, MITIGATION, MORAL HAZARD, MUTUAL INSURANCE COMPANIES, NATURAL DISASTER, NATURAL DISASTER REDUCTION, NATURAL DISASTERS, NON-LIFE INSURANCE, PER CAPITA INCOME, POLICY MAKERS, POLICYHOLDERS, PORTFOLIO, PRIVATE INSURANCE, PRIVATE REINSURANCE, PROGRAMS, PROPERTY INSURANCE, PUBLIC INSURANCE, RATES, REGULATORY FRAMEWORK, REINSURANCE CAPACITY, REINSURANCE CONTRACT, REINSURANCE MARKETS, REINSURER, REINSURERS, RELIEF, RESERVES, RISK ASSESSMENT, RISK DIVERSIFICATION, RISK EXPOSURE, RISK EXPOSURES, RISK MANAGEMENT, RISK PROFILES, RISK REDUCTION, RISK SHARING, RISK TRANSFER, SAFETY, SAVINGS, SOLVENCY, STRUCTURAL MODELS, SUPPLY SIDE, TOTAL COST, TYPHOON, TYPHOONS, UNDERWRITING, WEATHER EVENTS,
Online Access:	http://documents.worldbank.org/curated/en/2007/06/16277579/china-china-innovations-agricultural-insurance-vol-1-2 http://hdl.handle.net/10986/12401
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