Jamaica : Weather Insurance for the Coffee Sector Feasibility Study
The present report is intended as a technical, organizational and financial summary of the feasibility study to review options and to make decisions on whether or not this program meets the needs of the industry. It is recognized that decisions on...
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| Format: | Other Agricultural Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2011/10/17394053/jamaica-weather-insurance-coffee-sector-feasibility-study http://hdl.handle.net/10986/13240 |
| Summary: | The present report is intended as a
technical, organizational and financial summary of the
feasibility study to review options and to make decisions on
whether or not this program meets the needs of the industry.
It is recognized that decisions on whether or not to proceed
towards a future insurance program will require significant
consultation with farmers and processors, and an agreement
on an implementation plan, including decisions on pilot
testing. Chapter two describes the risk modeling undertaken
during the study and the outputs. These outputs are used to
define key elements of a parametric insurance product, such
as zoning of coffee farmers within the blue mountain area,
the frequency and severity of the wind hazard, and how the
expected impact of those hazards was estimated by division
into altitude bands to create vulnerability profiles.
Finally the outputs can be used to price different insurance
options. Chapter three considers the organizational options
and requirements to deliver a parametric insurance product
to coffee farmers, and some financial implications including
structuring insurance and reinsurance protection. Chapter
four considers the issues and steps which will be needed for
implementation, including options for piloting and scaling
up, and legal and regulatory requirements. |
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