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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| Format: | Other Agricultural Study |
| Language: | English en_US |
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Washington, DC
2014
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| 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 |
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okr-10986-20779 |
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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 |