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 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.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2010-06
Subjects:	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,
Online Access:	http://documents.worldbank.org/curated/en/2010/06/16546383/agricultural-insurance-bangladesh-promoting-access-small-marginal-farmers https://hdl.handle.net/10986/12624
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