FAO AGRICULTURAL SERVICES BULLETIN 159
Insurance of crops in developing countries byR.A.J. Roberts |
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FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS |
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The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. |
ISSN 1010-1365
ISBN 92-5-105299-9
All rights reserved. Reproduction and dissemination of material in this information product for educational or other non-commercial purposes are authorized without any prior written permission from the copyright holders provided the source is fully acknowledged. Reproduction of material in this information product for resale or other commercial purposes is prohibited without written permission of the copyright holders. Applications for such permission should be addressed to the Chief, Publishing Management Service, Information Division, FAO, Viale delle Terme di Caracalla, 00100 Rome, Italy or by e-mail to [email protected]
© FAO 2005
1.1 Target Readership
1.2 Key Introductory Points
1.3 Purpose
1.4 The Business of Insurance
1.5 Crop Insurance Today - the Global Picture
1.6 Crop Insurance Today - in some Developing CountriesArgentina
Brazil
Cyprus
India
Malaysia
Mauritius
Philippines
Syria
Windward Islands
2. GROWTH IN DEMAND FOR CROP INSURANCE PRODUCTS
2.1 Increasing Incidence of Crop Damaging Weather Events
2.2 Greater Commercialisation of Farming/Contract Farming
2.3 World Trade Organization Regulations
2.4 Classic Crop Insurance Products2.4.1 Damage-based Products e.g. Hail/Named-peril Products
2.4.2 Yield-based Products, e.g. Multi-peril Crop Insurance (MPCI)2.5 New Crop Insurance Products
2.5.1 Crop-revenue Insurance Products
2.5.2 Index-based Insurance Products2.6 Accidental Introduction of Pests and Diseases
2.7 Food Safety and Environmental Protection Concerns
3. CROP INSURANCE: STEPS IN THE DEVELOPMENT PROCESS
3.1 Decision and Action Steps
3.2 Demand Assessment
3.3 Nature of the Insured Parties - Automatic or Voluntary Cover?
3.4 Key Perils/RisksDrought
Excessive rain
Flood
Windstorm
Frost
Hail
Sunburn (sunscald)
Snow
Pest and disease attack
Fire3.5 Which Crops can be Insured?
3.5.1 Benefit/cost issues
3.5.2 Annual field crops
3.5.3 Perennial crops
3.5.4 Glasshouse crops
3.5.5 Forests3.6.1 A key design constraint
3.6.2 Compensatory growth
3.6.3 Salvage3.7.1 Cost containment
3.7.2 Market identification
3.7.3 Product development
3.7.4 Marketing
3.7.5 Setting indemnity and premium levels: deductibles
3.7.6 Collecting premiums
3.7.7 Handling claims3.8 Roles for Government and the Private Sector
I. List of References
II. Note on Premium Calculations
III. Glossary of Common Insurance Terms