Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report

Agriculture is a very important socioeconomic sector in Kazakhstan. The Government of the Republic of Kazakhstan (GRK) introduced a national compulsory crop insurance scheme in 2005 in order to provide grain producers and other farmers with a minim...

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Bibliographic Details
Main Author: World Bank
Format: Other Agricultural Study
Language:English
en_US
Published: Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2012/06/20346245/kazakhstan-agricultural-insurance-feasibility-study-vol-1-2-main-report
http://hdl.handle.net/10986/20779
id okr-10986-20779
recordtype oai_dc
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 ACTUAL YIELDS
AGENTS
AGRIBUSINESS
AGRICULTURAL ACTIVITIES
AGRICULTURAL CROP PRODUCTION
AGRICULTURAL INSURANCE
AGRICULTURAL INSURANCE SCHEME
AGRICULTURAL INSURANCE SCHEMES
AGRICULTURAL INSURANCE SYSTEM
AGRICULTURAL PRODUCERS
AGRICULTURAL PRODUCTS
AGRICULTURAL RISK
AGRICULTURE
AGRICULTURE SECTOR
ALLOCATION
ANNUAL CROPS
AQUACULTURE
AVERAGE ANNUAL RAINFALL
AVERAGE YIELDS
BASIS RISK
CAPITAL REQUIREMENTS
CAPS
CATASTROPHE REINSURANCE
CATASTROPHE RISK FINANCING
CEREALS
CLIMATE
CLIMATIC CONDITIONS
COINSURANCE
COMMERCIAL FARMERS
COMMERCIAL INSURANCE
COMMODITY
COMPENSATION
COMPULSORY INSURANCE
COOPERATIVES
COST OF REINSURANCE
COTTON
COVERAGE
CROP
CROP AREA
CROP DAMAGE
CROP FAILURE
CROP HUSBANDRY
CROP INSURANCE
CROP INSURANCE PREMIUM
CROP INSURANCE PRODUCT
CROP INSURANCE PROGRAM
CROP INSURANCE SCHEME
CROP LOSS
CROP LOSSES
CROP OUTPUT
CROP PRODUCTION
CROP PRODUCTION SYSTEMS
CROP RISK
CROP SEASON
CROP YIELD
CROP YIELDS
CROPS
DISASTERS
ECONOMIC GROWTH
ECONOMIC THEORY
EXCESS OF LOSS REINSURANCE
EXCHANGE RATE
EXTREME DROUGHT
FAMILY FARMS
FARM
FARMER
FARMER ASSOCIATIONS
FARMS
FEASIBILITY
FIELD CROPS
FINANCIAL CHALLENGES
FINANCIAL CONTRIBUTIONS
FINANCIAL DATA
FINANCIAL INSTITUTIONS
FINANCIAL LOSS
FINANCIAL PERFORMANCE
FINANCIAL SUPPORT
FISHERIES
FOOD CROPS
FOOD SECURITY
FRUIT CROPS
GRAIN
GRAIN CROPS
GRAIN FARMING
GRAINS
GRAZING
GROUP INSURANCE
GROWING SEASON
HORTICULTURAL CROPS
HUSBANDRY
INCOME
INDEMNITY
INNOVATION
INSPECTIONS
INSURANCE ASSOCIATIONS
INSURANCE CLAIMS
INSURANCE COMPANY
INSURANCE CONTRACT
INSURANCE COVER
INSURANCE INDUSTRY
INSURANCE MARKET
INSURANCE POLICIES
INSURANCE POLICY
INSURANCE POOLS
INSURANCE PREMIUM RATES
INSURANCE PREMIUMS
INSURANCE PRODUCT
INSURANCE PRODUCTS
INSURANCE REGULATOR
INSURANCE RESERVES
INSURANCE SECTOR
INSURANCE SYSTEM
INSURERS
INTERNATIONAL REINSURANCE
LABOR FORCE
LAYERING
LEVEL PLAYING FIELD
LIFE INSURANCE COMPANIES
LIVESTOCK GRAZING
LIVESTOCK INSURANCE
LOSS RATIO
MARGINAL FARMERS
MEAT
MORAL HAZARD
MUTUAL INSURANCE COMPANIES
NON-LIFE INSURANCE
NONPROPORTIONAL REINSURANCE
OILSEED CROPS
OILSEEDS
POLICY MAKERS
POLICYHOLDERS
POOR FARMERS
PORTFOLIO
PRELIMINARY ESTIMATES
PRIVATE INSURANCE
PRIVATE INSURANCE COMPANIES
PRODUCTION COSTS
PRODUCTION SYSTEMS
PROGRAMS
PROPORTIONAL REINSURANCE
REGULATORY FRAMEWORK
REINSURANCE
REINSURANCE AGREEMENT
REINSURANCE MARKETS
REINSURERS
RISK ASSESSMENT
RISK MANAGEMENT
RISK TRANSFER
SALVAGE
SAVINGS
SCENARIOS
SEED
SINGLE CROP
SMALL FARMER
SMALL FARMERS
SOILS
SOLVENCY
SOLVENCY REQUIREMENTS
SOWING
SPRING
SPRING WHEAT
TOTAL COST
TRANSACTION COSTS
UNCERTAINTIES
UNDERWRITING
UNDERWRITING STANDARDS
VEGETATION
YIELD LOSS
YIELDS
spellingShingle ACTUAL YIELDS
AGENTS
AGRIBUSINESS
AGRICULTURAL ACTIVITIES
AGRICULTURAL CROP PRODUCTION
AGRICULTURAL INSURANCE
AGRICULTURAL INSURANCE SCHEME
AGRICULTURAL INSURANCE SCHEMES
AGRICULTURAL INSURANCE SYSTEM
AGRICULTURAL PRODUCERS
AGRICULTURAL PRODUCTS
AGRICULTURAL RISK
AGRICULTURE
AGRICULTURE SECTOR
ALLOCATION
ANNUAL CROPS
AQUACULTURE
AVERAGE ANNUAL RAINFALL
AVERAGE YIELDS
BASIS RISK
CAPITAL REQUIREMENTS
CAPS
CATASTROPHE REINSURANCE
CATASTROPHE RISK FINANCING
CEREALS
CLIMATE
CLIMATIC CONDITIONS
COINSURANCE
COMMERCIAL FARMERS
COMMERCIAL INSURANCE
COMMODITY
COMPENSATION
COMPULSORY INSURANCE
COOPERATIVES
COST OF REINSURANCE
COTTON
COVERAGE
CROP
CROP AREA
CROP DAMAGE
CROP FAILURE
CROP HUSBANDRY
CROP INSURANCE
CROP INSURANCE PREMIUM
CROP INSURANCE PRODUCT
CROP INSURANCE PROGRAM
CROP INSURANCE SCHEME
CROP LOSS
CROP LOSSES
CROP OUTPUT
CROP PRODUCTION
CROP PRODUCTION SYSTEMS
CROP RISK
CROP SEASON
CROP YIELD
CROP YIELDS
CROPS
DISASTERS
ECONOMIC GROWTH
ECONOMIC THEORY
EXCESS OF LOSS REINSURANCE
EXCHANGE RATE
EXTREME DROUGHT
FAMILY FARMS
FARM
FARMER
FARMER ASSOCIATIONS
FARMS
FEASIBILITY
FIELD CROPS
FINANCIAL CHALLENGES
FINANCIAL CONTRIBUTIONS
FINANCIAL DATA
FINANCIAL INSTITUTIONS
FINANCIAL LOSS
FINANCIAL PERFORMANCE
FINANCIAL SUPPORT
FISHERIES
FOOD CROPS
FOOD SECURITY
FRUIT CROPS
GRAIN
GRAIN CROPS
GRAIN FARMING
GRAINS
GRAZING
GROUP INSURANCE
GROWING SEASON
HORTICULTURAL CROPS
HUSBANDRY
INCOME
INDEMNITY
INNOVATION
INSPECTIONS
INSURANCE ASSOCIATIONS
INSURANCE CLAIMS
INSURANCE COMPANY
INSURANCE CONTRACT
INSURANCE COVER
INSURANCE INDUSTRY
INSURANCE MARKET
INSURANCE POLICIES
INSURANCE POLICY
INSURANCE POOLS
INSURANCE PREMIUM RATES
INSURANCE PREMIUMS
INSURANCE PRODUCT
INSURANCE PRODUCTS
INSURANCE REGULATOR
INSURANCE RESERVES
INSURANCE SECTOR
INSURANCE SYSTEM
INSURERS
INTERNATIONAL REINSURANCE
LABOR FORCE
LAYERING
LEVEL PLAYING FIELD
LIFE INSURANCE COMPANIES
LIVESTOCK GRAZING
LIVESTOCK INSURANCE
LOSS RATIO
MARGINAL FARMERS
MEAT
MORAL HAZARD
MUTUAL INSURANCE COMPANIES
NON-LIFE INSURANCE
NONPROPORTIONAL REINSURANCE
OILSEED CROPS
OILSEEDS
POLICY MAKERS
POLICYHOLDERS
POOR FARMERS
PORTFOLIO
PRELIMINARY ESTIMATES
PRIVATE INSURANCE
PRIVATE INSURANCE COMPANIES
PRODUCTION COSTS
PRODUCTION SYSTEMS
PROGRAMS
PROPORTIONAL REINSURANCE
REGULATORY FRAMEWORK
REINSURANCE
REINSURANCE AGREEMENT
REINSURANCE MARKETS
REINSURERS
RISK ASSESSMENT
RISK MANAGEMENT
RISK TRANSFER
SALVAGE
SAVINGS
SCENARIOS
SEED
SINGLE CROP
SMALL FARMER
SMALL FARMERS
SOILS
SOLVENCY
SOLVENCY REQUIREMENTS
SOWING
SPRING
SPRING WHEAT
TOTAL COST
TRANSACTION COSTS
UNCERTAINTIES
UNDERWRITING
UNDERWRITING STANDARDS
VEGETATION
YIELD LOSS
YIELDS
World Bank
Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report
geographic_facet Europe and Central Asia
Kazakhstan
description Agriculture is a very important socioeconomic sector in Kazakhstan. The Government of the Republic of Kazakhstan (GRK) introduced a national compulsory crop insurance scheme in 2005 in order to provide grain producers and other farmers with a minimum level of protection against catastrophic climatic events. The overall objective of the current study is to assist the GRK in improving the existing mandatory crop insurance program. The study aims to identify sustainable market-based alternatives to the current crop insurance system in Kazakhstan. In this regard, all of the options for improving the current system that were developed under this study are market based and take into account global experience and the best insurance and reinsurance industry practices for agricultural insurance. The study follows the principles established in the agriculture risk management framework developed by the World Bank. The study focuses mainly on spring wheat crop production in the principal growing regions of Kazakhstan. The study is set out in six chapters. Chapter one gives introduction and objectives of the study. Chapter two presents an overview of agricultural production systems and markets in Kazakhstan, followed by an assessment of the climatic hazards and other risks affecting spring wheat in the country s main crop areas. Chapter three reviews the structure and performance of the current mandatory crop insurance system in Kazakhstan and identifies a series of institutional, operational, technical, and financial drawbacks of the current system. Chapter four presents a phased strategy and a series of options and recommendations for the GRK to consider for the introduction of market based solutions that aim to strengthen the current scheme. Chapter five explores the opportunities for developing new crop insurance products in Kazakhstan, including prefeasibility analyses for area-yield index insurance (AYII), weather index insurance (WII), and named-peril hail insurance for selected rayons. Finally, chapter six deals with the challenges of tailoring crop insurance to the needs of lower-income smaller farmers.
format Economic & Sector Work :: Other Agricultural Study
author World Bank
author_facet World Bank
author_sort World Bank
title Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report
title_short Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report
title_full Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report
title_fullStr Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report
title_full_unstemmed Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report
title_sort kazakhstan : agricultural insurance feasibility study, volume 1. main report
publisher Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2012/06/20346245/kazakhstan-agricultural-insurance-feasibility-study-vol-1-2-main-report
http://hdl.handle.net/10986/20779
_version_ 1764446130793349120
spelling okr-10986-207792021-04-23T14:03:57Z Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report World Bank ACTUAL YIELDS AGENTS AGRIBUSINESS AGRICULTURAL ACTIVITIES AGRICULTURAL CROP PRODUCTION AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL INSURANCE SCHEMES AGRICULTURAL INSURANCE SYSTEM AGRICULTURAL PRODUCERS AGRICULTURAL PRODUCTS AGRICULTURAL RISK AGRICULTURE AGRICULTURE SECTOR ALLOCATION ANNUAL CROPS AQUACULTURE AVERAGE ANNUAL RAINFALL AVERAGE YIELDS BASIS RISK CAPITAL REQUIREMENTS CAPS CATASTROPHE REINSURANCE CATASTROPHE RISK FINANCING CEREALS CLIMATE CLIMATIC CONDITIONS COINSURANCE COMMERCIAL FARMERS COMMERCIAL INSURANCE COMMODITY COMPENSATION COMPULSORY INSURANCE COOPERATIVES COST OF REINSURANCE COTTON COVERAGE CROP CROP AREA CROP DAMAGE CROP FAILURE CROP HUSBANDRY CROP INSURANCE CROP INSURANCE PREMIUM CROP INSURANCE PRODUCT CROP INSURANCE PROGRAM CROP INSURANCE SCHEME CROP LOSS CROP LOSSES CROP OUTPUT CROP PRODUCTION CROP PRODUCTION SYSTEMS CROP RISK CROP SEASON CROP YIELD CROP YIELDS CROPS DISASTERS ECONOMIC GROWTH ECONOMIC THEORY EXCESS OF LOSS REINSURANCE EXCHANGE RATE EXTREME DROUGHT FAMILY FARMS FARM FARMER FARMER ASSOCIATIONS FARMS FEASIBILITY FIELD CROPS FINANCIAL CHALLENGES FINANCIAL CONTRIBUTIONS FINANCIAL DATA FINANCIAL INSTITUTIONS FINANCIAL LOSS FINANCIAL PERFORMANCE FINANCIAL SUPPORT FISHERIES FOOD CROPS FOOD SECURITY FRUIT CROPS GRAIN GRAIN CROPS GRAIN FARMING GRAINS GRAZING GROUP INSURANCE GROWING SEASON HORTICULTURAL CROPS HUSBANDRY INCOME INDEMNITY INNOVATION INSPECTIONS INSURANCE ASSOCIATIONS INSURANCE CLAIMS INSURANCE COMPANY INSURANCE CONTRACT INSURANCE COVER INSURANCE INDUSTRY INSURANCE MARKET INSURANCE POLICIES INSURANCE POLICY INSURANCE POOLS INSURANCE PREMIUM RATES INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE REGULATOR INSURANCE RESERVES INSURANCE SECTOR INSURANCE SYSTEM INSURERS INTERNATIONAL REINSURANCE LABOR FORCE LAYERING LEVEL PLAYING FIELD LIFE INSURANCE COMPANIES LIVESTOCK GRAZING LIVESTOCK INSURANCE LOSS RATIO MARGINAL FARMERS MEAT MORAL HAZARD MUTUAL INSURANCE COMPANIES NON-LIFE INSURANCE NONPROPORTIONAL REINSURANCE OILSEED CROPS OILSEEDS POLICY MAKERS POLICYHOLDERS POOR FARMERS PORTFOLIO PRELIMINARY ESTIMATES PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRODUCTION COSTS PRODUCTION SYSTEMS PROGRAMS PROPORTIONAL REINSURANCE REGULATORY FRAMEWORK REINSURANCE REINSURANCE AGREEMENT REINSURANCE MARKETS REINSURERS RISK ASSESSMENT RISK MANAGEMENT RISK TRANSFER SALVAGE SAVINGS SCENARIOS SEED SINGLE CROP SMALL FARMER SMALL FARMERS SOILS SOLVENCY SOLVENCY REQUIREMENTS SOWING SPRING SPRING WHEAT TOTAL COST TRANSACTION COSTS UNCERTAINTIES UNDERWRITING UNDERWRITING STANDARDS VEGETATION YIELD LOSS YIELDS Agriculture is a very important socioeconomic sector in Kazakhstan. The Government of the Republic of Kazakhstan (GRK) introduced a national compulsory crop insurance scheme in 2005 in order to provide grain producers and other farmers with a minimum level of protection against catastrophic climatic events. The overall objective of the current study is to assist the GRK in improving the existing mandatory crop insurance program. The study aims to identify sustainable market-based alternatives to the current crop insurance system in Kazakhstan. In this regard, all of the options for improving the current system that were developed under this study are market based and take into account global experience and the best insurance and reinsurance industry practices for agricultural insurance. The study follows the principles established in the agriculture risk management framework developed by the World Bank. The study focuses mainly on spring wheat crop production in the principal growing regions of Kazakhstan. The study is set out in six chapters. Chapter one gives introduction and objectives of the study. Chapter two presents an overview of agricultural production systems and markets in Kazakhstan, followed by an assessment of the climatic hazards and other risks affecting spring wheat in the country s main crop areas. Chapter three reviews the structure and performance of the current mandatory crop insurance system in Kazakhstan and identifies a series of institutional, operational, technical, and financial drawbacks of the current system. Chapter four presents a phased strategy and a series of options and recommendations for the GRK to consider for the introduction of market based solutions that aim to strengthen the current scheme. Chapter five explores the opportunities for developing new crop insurance products in Kazakhstan, including prefeasibility analyses for area-yield index insurance (AYII), weather index insurance (WII), and named-peril hail insurance for selected rayons. Finally, chapter six deals with the challenges of tailoring crop insurance to the needs of lower-income smaller farmers. 2014-12-17T22:25:20Z 2014-12-17T22:25:20Z 2012-06 http://documents.worldbank.org/curated/en/2012/06/20346245/kazakhstan-agricultural-insurance-feasibility-study-vol-1-2-main-report http://hdl.handle.net/10986/20779 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Other Agricultural Study Europe and Central Asia Kazakhstan