China : Innovations in Agricultural Insurance, Technical Annexes

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.

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Bibliographic Details
Main Author: World Bank
Format: Other Agricultural Study biblioteca
Language:English
en_US
Published: Washington, DC 2007-06
Subjects:ACCIDENTS, ADVERSE SELECTION, AGENTS, AGRICULTURAL ECONOMICS, AGRICULTURAL INSURANCE, AGRICULTURAL INSURANCE SCHEME, AGRICULTURAL INSURANCE SYSTEM, AGRICULTURAL PRODUCTION, APPLICATIONS, AREA OF INFLUENCE, ASSURANCE, BALANCE SHEET, BASIS RISK, BROKERAGE, BUSINESS RISK, CASUALTY, CATASTROPHE COVERAGE, CATASTROPHE REINSURANCE, CATASTROPHIC LOSS, CENTRAL GOVERNMENT, CLIMATE, COINSURANCE, COMMERCIAL INSURANCE, COMMERCIAL REINSURERS, COMMISSIONS, COMMODITIES, COMMODITY, CONTRACTUAL SAVINGS, COST OF CAPITAL, COSTS OF INSURANCE, COUNTRY TO COUNTRY, COVERAGE, CROP INSURANCE, CROP INSURANCE PREMIUM, CROP INSURANCE PROGRAM, CROP INSURANCE SCHEME, DATA AVAILABILITY, DEPOSIT, DERIVATIVES MARKET, DEVELOPING COUNTRIES, DIRECT INSURANCE, DISASTER, DISASTER ASSISTANCE, DISASTER PROGRAM, DISASTERS, DROUGHT, DUST BOWL, EXCESS OF LOSS REINSURANCE, EXPOSURE, EXPOSURES, FARMER, FARMERS, FEASIBILITY, FEDERAL AGENCY, FINANCIAL ASSISTANCE, FINANCIAL INSTITUTION, FINANCIAL PERFORMANCE, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STATEMENTS, FINANCIAL SUPPORT, FIRE, FIRES, FLOOD, FLOODS, FORESTRY INSURANCE, GENERAL INSURANCE, GOVERNMENT FUNDS, GOVERNMENT INTERVENTION, INCOME, INCOME GROUP, INCOME TAX, INCOMES, INDEMNITIES, INDEMNITY, INSURANCE ADJUSTERS, INSURANCE AGENTS, INSURANCE COMMISSIONERS, INSURANCE COMPANIES, INSURANCE COMPANY, INSURANCE COMPENSATION, INSURANCE CONTRACT, INSURANCE CONTRACTS, INSURANCE COVERAGE, INSURANCE FUNDS, INSURANCE LAW, INSURANCE MARKET, INSURANCE OPTIONS, INSURANCE PLANS, INSURANCE POLICIES, INSURANCE POLICY, INSURANCE POOLS, INSURANCE PORTFOLIO, INSURANCE PREMIUM RATES, INSURANCE PREMIUMS, INSURANCE PRODUCT, INSURANCE PRODUCTS, INSURANCE SCHEMES, INSURANCE SECTOR, INSURANCE SUPERVISORS, INSURANCE SYSTEM, INSURER, INTERNATIONAL REINSURANCE, LAWS, LIVESTOCK INSURANCE, LOSS RATIO, MARKET FAILURE, MARKET SHARE, METEOROLOGICAL ORGANIZATION, MICROFINANCE, MITIGATION, MORAL HAZARD, NATURAL DISASTERS, NEW PRODUCTS, NONPROPORTIONAL REINSURANCE, POLICYHOLDERS, POOR FARMERS, PORTFOLIO, PRICE INDEX, PRICE MOVEMENTS, PRIVATE INSURANCE, PRIVATE INSURANCE COMPANIES, PRIVATE REINSURANCE, PROBABILITY DISTRIBUTION, PROBABILITY ESTIMATE, PROGRAM COSTS, PROGRAMS, PROPERTY INSURANCE, PUBLIC POLICY, PUBLIC-PRIVATE PARTNERSHIP, QUOTA SHARE REINSURANCE, RATES, REGULATORY FRAMEWORK, REINSURANCE, REINSURANCE AGREEMENT, REINSURANCE CAPACITY, REINSURANCE MARKETS, REINSURANCE PREMIUMS, REINSURANCE TREATY, REINSURER, REINSURERS, RESERVES, RETROCESSION, RISK ASSESSMENT, RISK EXPOSURE, RISK MANAGEMENT, RISK PROFILES, RISK REDUCTION, RISK TRANSFER, SAFETY, SAFETY NET, SOLVENCY, TARGETED SUBSIDIES, TAX, TECHNICAL ASSISTANCE, TORNADO, TOTAL COST, TRANSACTION COSTS, TREASURY, TYPHOON, UNDERWRITING, WEATHER INSURANCE, WORLD TRADE,
Online Access:http://documents.worldbank.org/curated/en/2007/06/16277608/china-china-innovations-agricultural-insurance-vol-2-2-technical-annexes
http://hdl.handle.net/10986/12467
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