Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions
At the request of the government of Kenya and under its guidance, a team of national and international experts conducted an appraisal of different agricultural insurance options for Kenya.This appraisal, as set out in this document and the accompan...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26380321/kenya-toward-national-crop-livestock-insurance-program-summary-policy-suggestions http://hdl.handle.net/10986/24443 |
| Summary: | At the request of the government of
Kenya and under its guidance, a team of national and
international experts conducted an appraisal of different
agricultural insurance options for Kenya.This appraisal, as
set out in this document and the accompanying technical
analysis, lays out the costs and benefits of developing
large-scale agricultural insurance that involves both the
public and private spheres.The analysis considers potential
structures for large-scale agricultural insurance in Kenya,
the fiscal cost to the government of Kenya, and the economic
benefits for farmers and pastoralists. In order for it to
partner with the private sector to prepare and implement a
large scale agricultural insurance program, the government
should consider taking the following next steps.The
government of Kenya may build on there commendations by the
Program Steering Committee to take the lead in formulating
a national policy on agriculture insurance, in cooperation
with county administrations and private insurance companies.
The government of Kenya may develop a road map for
establishing the institutions required for large-scale
agricultural insurance programs, with the goal of covering at
least a fifth of Kenya’s agricultural producers. As next
steps for establishing livestock insurance, the government of
Kenya may decide how to integrate the proposed insurance
product with other existing protection mechanisms. As next
steps for crop insurance, the government of Kenya may seek
consultations with agricultural banks and work with private
sector insurers to develop a data audit system acceptable to
international reinsurers. |
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