Agricultural insurance has evolved considerably since the 1990s, away from costly and publicly provided MPCI programs towards insurance tied to named perils and index-based products. The private sector has also expanded its role, but in less-developed countries mostly through public-private partnerships that combine the efficiency of the private sector in delivering insurance with targeted financing by the state.
The aim of this Technical Newsletter, published over two volumes, is to provide an understanding of the different types of satellites that can be used for agriculture insurance, and how they can be used. In the second volume we will focus on satellite imagery technology and assess the key factors to be taken into account in the agricultural and insurance decisionmaking process.
Following SCOR’s previous newsletter dedicated to understanding the different types of satellite that can be used for agriculture insurance and how, this second volume will focus more on satellite imagery technology, assessing the key factors to be taken in account in the decision making process when selecting technology for agriculture insurance purposes.
This report contains an aggregated analysis of agricultural insurance in China covering the period from 2006 to 2017, also referring to some data from earlier periods, back to 1982. Current research paper provides an analysis of the data on insurance premiums, sums insured, indemnities paid and loss ratios through the years of the system's development. One can also find out here the key factors of success, which brought China to become the one of the world's largest agricultural economies supported by its fast-developing agricultural insurance market.
Agricultural production continues to play an important role in Latin America’s economic development story. Agricultural insurance, by contrast, remains relatively undeveloped, with large segments of the farming population unprotected and underserved by traditional insurance markets. Agricultural insurance penetration rates average only 0.03% of gross domestic product (GDP) across the entire region – compared to over 0.06% for North America – with most business concentrated in medium- to large-scale commercial farming in Brazil, Mexico and Argentina.
The early summer-like weather has been a treat for residents of the Okanagan Valley, but the B.C. provincial government has a reminder for local fruit growers. The Ministry of Agriculture is encouraging Okanagan tree fruit growers to protect their investment with hail insurance offered in conjunction with the provincial and federal governments. With reports that the spring weather has led to flowers blooming a month earlier than normal, the weather can change quickly.
The Crop Damage Compensation scheme (CDC) is a combination of farm- and area-based scheme covering crop losses in Finland. The scheme is fully financed by the government. It is about to be abolished and a new risk management tool based on public–private partnership will be in place in 2016. In this study, is analysed how government expenditure will change due to the policy shift to public–private farm-based crop insurance.
Study Objectives: 1. To examine the possibility of using genetically modified crops as a rating variable in determining crop insurance premiums, 2. Specifically examine the yields of canola producers in the Province of Manitoba, Canada, 3. As non-GM canola becomes more popular as a crop for export and niche markets, this becomes an important distinction to make.
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