managing Agricultural Risk at the Country Level is popular PDF and ePub book, written by Olivier Mahul in 2007, it is a fantastic choice for those who relish reading online the Banks and Banking Reform genre. Let's immerse ourselves in this engaging Banks and Banking Reform book by exploring the summary and details provided below. Remember, managing Agricultural Risk at the Country Level can be Read Online from any device for your convenience.
managing Agricultural Risk at the Country Level Book PDF Summary
Abstract: This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program. A syndicate pooling arrangement protects participating insurance companies against excessive insured losses, with excess of loss reinsurance provided by the government. The fiscal exposure of Government of Mongolia toward the most extreme losses is protected with a contingent credit facility. The insurance program relies on a mortality rate index by species in each local region. The index provides strong incentives to individual herders to continue to manage their herds so as to minimize the impacts of major livestock mortality events; individual herders receive an insurance payout based on the local mortality, irrespective of their individual losses. This project offered the first opportunity to design and implement an agriculture insurance program using a country-wide agricultural risk management approach. During the first sales season, 7 percent of the herders in the three pilot regions purchased the insurance product.
Detail Book of managing Agricultural Risk at the Country Level PDF
- Author : Olivier Mahul
- Release : 02 July 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Banks and Banking Reform
- Total Page : 37 pages
- Language : English
- PDF File Size : 18,7 Mb
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