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 |
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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 |
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okr-10986-132402021-04-23T14:03:06Z Jamaica : Weather Insurance for the Coffee Sector Feasibility Study World Bank ACCOUNTING AGENTS AGRICULTURAL COMMODITIES AGRICULTURAL INSURANCE AGRICULTURAL PRODUCTION BANANAS BASIS RISK BENEFICIARIES BERRIES BORROWING BROKERS CAPACITY BUILDING CATASTROPHIC EVENT CHERRIES COCONUT COCONUTS COFFEE COFFEE CROP COFFEE FARMERS COFFEE INDUSTRY COFFEE PLANTATIONS COFFEE PLANTS COFFEE PRICES COFFEE PROCESSORS COFFEE PRODUCTION COFFEE SECTOR COFFEE TREES COFFEE YIELDS COMMISSIONS COMPULSORY INSURANCE CREDIT ARRANGEMENT CROP CROP DAMAGE CROP INSURANCE CROP LOSS CROP LOSSES CROP MANAGEMENT CROPPING CROPPING SYSTEMS CROPS DEED DELIVERY MECHANISMS DEVELOPMENT BANK DISASTER DISASTER RISK DISBURSEMENT DROUGHT DUE DILIGENCE ECONOMIC BENEFITS EFFECTS OF HURRICANE EXTREME EVENT EXTREME EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FAO FARM FARMER FARMERS FARMS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL RISK FIRE FIRE INSURANCE FLOOD FLOOD DAMAGES FLOW OF INFORMATION FOREIGN EXCHANGE GOVERNMENT POLICIES HARVESTING HEAVY RAINFALL HOLDING HURRICANE HURRICANES INCOME INDEMNITY INDEMNITY PAYMENT INSURANCE BROKER INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE MARKET INSURANCE OPTIONS INSURANCE POLICY INSURANCE POOLS INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE RISK INSURER INSURERS INTEGRITY INTERNATIONAL MARKETS ISSUANCE LANDSLIDES LAYERING LEGAL CONSTRAINTS LEVY LINES OF CREDIT MOBILE PHONES MORAL HAZARD NATURAL PHENOMENA OUTPUTS PLANTATIONS POLICYHOLDERS PORTFOLIO PREMIUMS PRIVATE INSURANCE PRODUCE PRODUCTION COSTS PRODUCTIVITY PROFIT MARGINS PROGRAM MANAGEMENT PROGRAMS RATES REGISTRATION PROCESS REGISTRATION SYSTEM REINSURANCE REINSURANCE BROKER REINSURANCE CAPACITY REINSURER REINSURERS REPLANTING RETURN RISK ANALYSIS RISK ASSESSMENT RISK INSURANCE RISK MANAGEMENT RISK MANAGERS RISK TRANSFER ROOTING SAVINGS SMALL FARMERS STORM SUGAR SUGAR CANE SUSTAINABILITY TRADING TRANSACTION TRANSFER RISKS TRANSPARENCY TROPICAL CROPS TROPICAL CYCLONE TROPICAL CYCLONES TROPICAL STORM TROPICAL STORMS TRUST DEED TRUSTEES UNDERWRITERS UNDERWRITING VALUATION VEGETATION WEATHER EVENT WIND SPEED WIND SPEEDS WIND STORM YIELD LOSS YIELDS 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. 2013-04-22T18:43:26Z 2013-04-22T18:43:26Z 2011-10-31 http://documents.worldbank.org/curated/en/2011/10/17394053/jamaica-weather-insurance-coffee-sector-feasibility-study http://hdl.handle.net/10986/13240 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Agricultural Study Economic & Sector Work Latin America & Caribbean Jamaica |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AGENTS AGRICULTURAL COMMODITIES AGRICULTURAL INSURANCE AGRICULTURAL PRODUCTION BANANAS BASIS RISK BENEFICIARIES BERRIES BORROWING BROKERS CAPACITY BUILDING CATASTROPHIC EVENT CHERRIES COCONUT COCONUTS COFFEE COFFEE CROP COFFEE FARMERS COFFEE INDUSTRY COFFEE PLANTATIONS COFFEE PLANTS COFFEE PRICES COFFEE PROCESSORS COFFEE PRODUCTION COFFEE SECTOR COFFEE TREES COFFEE YIELDS COMMISSIONS COMPULSORY INSURANCE CREDIT ARRANGEMENT CROP CROP DAMAGE CROP INSURANCE CROP LOSS CROP LOSSES CROP MANAGEMENT CROPPING CROPPING SYSTEMS CROPS DEED DELIVERY MECHANISMS DEVELOPMENT BANK DISASTER DISASTER RISK DISBURSEMENT DROUGHT DUE DILIGENCE ECONOMIC BENEFITS EFFECTS OF HURRICANE EXTREME EVENT EXTREME EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FAO FARM FARMER FARMERS FARMS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL RISK FIRE FIRE INSURANCE FLOOD FLOOD DAMAGES FLOW OF INFORMATION FOREIGN EXCHANGE GOVERNMENT POLICIES HARVESTING HEAVY RAINFALL HOLDING HURRICANE HURRICANES INCOME INDEMNITY INDEMNITY PAYMENT INSURANCE BROKER INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE MARKET INSURANCE OPTIONS INSURANCE POLICY INSURANCE POOLS INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE RISK INSURER INSURERS INTEGRITY INTERNATIONAL MARKETS ISSUANCE LANDSLIDES LAYERING LEGAL CONSTRAINTS LEVY LINES OF CREDIT MOBILE PHONES MORAL HAZARD NATURAL PHENOMENA OUTPUTS PLANTATIONS POLICYHOLDERS PORTFOLIO PREMIUMS PRIVATE INSURANCE PRODUCE PRODUCTION COSTS PRODUCTIVITY PROFIT MARGINS PROGRAM MANAGEMENT PROGRAMS RATES REGISTRATION PROCESS REGISTRATION SYSTEM REINSURANCE REINSURANCE BROKER REINSURANCE CAPACITY REINSURER REINSURERS REPLANTING RETURN RISK ANALYSIS RISK ASSESSMENT RISK INSURANCE RISK MANAGEMENT RISK MANAGERS RISK TRANSFER ROOTING SAVINGS SMALL FARMERS STORM SUGAR SUGAR CANE SUSTAINABILITY TRADING TRANSACTION TRANSFER RISKS TRANSPARENCY TROPICAL CROPS TROPICAL CYCLONE TROPICAL CYCLONES TROPICAL STORM TROPICAL STORMS TRUST DEED TRUSTEES UNDERWRITERS UNDERWRITING VALUATION VEGETATION WEATHER EVENT WIND SPEED WIND SPEEDS WIND STORM YIELD LOSS YIELDS |
| spellingShingle |
ACCOUNTING AGENTS AGRICULTURAL COMMODITIES AGRICULTURAL INSURANCE AGRICULTURAL PRODUCTION BANANAS BASIS RISK BENEFICIARIES BERRIES BORROWING BROKERS CAPACITY BUILDING CATASTROPHIC EVENT CHERRIES COCONUT COCONUTS COFFEE COFFEE CROP COFFEE FARMERS COFFEE INDUSTRY COFFEE PLANTATIONS COFFEE PLANTS COFFEE PRICES COFFEE PROCESSORS COFFEE PRODUCTION COFFEE SECTOR COFFEE TREES COFFEE YIELDS COMMISSIONS COMPULSORY INSURANCE CREDIT ARRANGEMENT CROP CROP DAMAGE CROP INSURANCE CROP LOSS CROP LOSSES CROP MANAGEMENT CROPPING CROPPING SYSTEMS CROPS DEED DELIVERY MECHANISMS DEVELOPMENT BANK DISASTER DISASTER RISK DISBURSEMENT DROUGHT DUE DILIGENCE ECONOMIC BENEFITS EFFECTS OF HURRICANE EXTREME EVENT EXTREME EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FAO FARM FARMER FARMERS FARMS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL RISK FIRE FIRE INSURANCE FLOOD FLOOD DAMAGES FLOW OF INFORMATION FOREIGN EXCHANGE GOVERNMENT POLICIES HARVESTING HEAVY RAINFALL HOLDING HURRICANE HURRICANES INCOME INDEMNITY INDEMNITY PAYMENT INSURANCE BROKER INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE MARKET INSURANCE OPTIONS INSURANCE POLICY INSURANCE POOLS INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE RISK INSURER INSURERS INTEGRITY INTERNATIONAL MARKETS ISSUANCE LANDSLIDES LAYERING LEGAL CONSTRAINTS LEVY LINES OF CREDIT MOBILE PHONES MORAL HAZARD NATURAL PHENOMENA OUTPUTS PLANTATIONS POLICYHOLDERS PORTFOLIO PREMIUMS PRIVATE INSURANCE PRODUCE PRODUCTION COSTS PRODUCTIVITY PROFIT MARGINS PROGRAM MANAGEMENT PROGRAMS RATES REGISTRATION PROCESS REGISTRATION SYSTEM REINSURANCE REINSURANCE BROKER REINSURANCE CAPACITY REINSURER REINSURERS REPLANTING RETURN RISK ANALYSIS RISK ASSESSMENT RISK INSURANCE RISK MANAGEMENT RISK MANAGERS RISK TRANSFER ROOTING SAVINGS SMALL FARMERS STORM SUGAR SUGAR CANE SUSTAINABILITY TRADING TRANSACTION TRANSFER RISKS TRANSPARENCY TROPICAL CROPS TROPICAL CYCLONE TROPICAL CYCLONES TROPICAL STORM TROPICAL STORMS TRUST DEED TRUSTEES UNDERWRITERS UNDERWRITING VALUATION VEGETATION WEATHER EVENT WIND SPEED WIND SPEEDS WIND STORM YIELD LOSS YIELDS World Bank Jamaica : Weather Insurance for the Coffee Sector Feasibility Study |
| geographic_facet |
Latin America & Caribbean Jamaica |
| description |
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. |
| format |
Economic & Sector Work :: Other Agricultural Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Jamaica : Weather Insurance for the Coffee Sector Feasibility Study |
| title_short |
Jamaica : Weather Insurance for the Coffee Sector Feasibility Study |
| title_full |
Jamaica : Weather Insurance for the Coffee Sector Feasibility Study |
| title_fullStr |
Jamaica : Weather Insurance for the Coffee Sector Feasibility Study |
| title_full_unstemmed |
Jamaica : Weather Insurance for the Coffee Sector Feasibility Study |
| title_sort |
jamaica : weather insurance for the coffee sector feasibility study |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2011/10/17394053/jamaica-weather-insurance-coffee-sector-feasibility-study http://hdl.handle.net/10986/13240 |
| _version_ |
1764422723415572480 |