Innovating to Reduce Risk : The Case of Livestock Insurance in Mongolia
The Mongolia Index Based Livestock
Insurance Project (P088816) is piloting insurance plans in
three provinces, Bayankhongor, Uvs, and Khenti. It consists
of five components. The first provides the mechanism to
pilot two index-based livestock insurance (IBLI) products.
The second component of the project entails a variety of
targeted promotional and public awareness activities to
foster awareness and inform stakeholders about the details
of the two products and the IBLI pilot. The third component
supports the institutional framework and capacity necessary
to expand the availability of the insurance products once
the viability of IBLI instruments has been established. The
fourth component monitors a variety of stakeholders during
the IBLI pilot in tracking access by different social
groups, monitoring how the two products are received, and in
determining whether herders modify their behavior in
response and, if so, how their behavior changes. The
project's fifth component supports the project
implementation unit in its management functions. The lessons
learned also suggest themselves as potentially replicable by
other project teams, and as warranting the attention of
other governments that seek to manage the risks faced by
livestock-dependent communities.
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Bibliographic Details
| Main Authors: |
Belete, Nathan,
Larson, Gunnar |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2007-10
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| Subjects: | ADMINISTRATIVE COSTS,
AGRICULTURAL WORKFORCE,
CATASTROPHIC EVENT,
CATASTROPHIC INSURANCE,
COVERAGE,
CROP INSURANCE,
CROP YIELDS,
DISASTER,
DISASTER MITIGATION,
DISASTER RESPONSE,
DISASTER RISK,
DROUGHT,
DROUGHTS,
FARMERS,
FODDER,
FOOD SECURITY,
HERDERS,
HERDING,
INCOME,
INDEMNITY,
INNOVATION,
INNOVATIONS,
INSTITUTIONAL CAPACITY,
INSURANCE COMPANIES,
INSURANCE INDUSTRY,
INSURANCE PLANS,
INSURANCE PRODUCTS,
INTERNATIONAL STRATEGY FOR DISASTER REDUCTION,
LIVELIHOOD SECURITY,
LIVESTOCK,
LIVESTOCK HUSBANDRY,
LIVESTOCK INSURANCE,
LIVESTOCK MANAGEMENT,
LIVESTOCK OWNERS,
LIVESTOCK PRODUCTIVITY,
MONITORING COSTS,
MORAL HAZARD,
MORTALITY,
NATIONAL HERD,
NATURAL DISASTER,
POLICYHOLDERS,
POOR,
POVERTY ALLEVIATION,
POVERTY IMPACT,
PRIVATE INSURANCE,
PRIVATE INSURANCE COMPANIES,
PROGRAMS,
RATES,
REINSURANCE,
REINSURANCE MARKETS,
RESERVES,
RISK MANAGEMENT,
RISK MITIGATION,
RURAL,
RURAL AREAS,
RURAL DEVELOPMENT,
RURAL ECONOMY,
RURAL FINANCE,
RURAL HOUSEHOLDS,
RURAL LIVELIHOODS,
RURAL POOR,
RURAL POVERTY,
SAFETY,
SAFETY NET,
SUSTAINABILITY,
WEATHER EVENTS, |
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| Online Access: | http://documents.worldbank.org/curated/en/2007/10/8958053/innovating-reduce-risk-case-livestock-insurance-mongolia
https://hdl.handle.net/10986/9557
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