Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts
The authors identify the key issues and concerns that arise in the design and rating of crop yield insurance plans, with a particular emphasis on production risk modeling. The authors show how the availability of data shapes the insurance scheme an...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/09/5127045/risk-modeling-concepts-relating-design-rating-agricultural-insurance-contracts http://hdl.handle.net/10986/14134 |
| Summary: | The authors identify the key issues and
concerns that arise in the design and rating of crop yield
insurance plans, with a particular emphasis on production
risk modeling. The authors show how the availability of data
shapes the insurance scheme and the ratemaking procedures.
Relying on the U.S. experience and recent developments in
statistics and econometrics, they review risk modeling
concepts and provide technical guidelines in the development
of crop insurance plans. Finally, they show how these risk
modeling techniques can be extended to price risk in order
to develop crop revenue insurance schemes. |
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