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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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 |
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okr-10986-244432021-04-23T14:04:22Z Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions World Bank Group FLOODING INSURANCE PORTFOLIO REGULATORY FRAMEWORK CATASTROPHIC LOSSES FARMER DISASTER SITUATIONS INCOME AGRICULTURAL PRODUCTION GUARANTEES SUSTAINABILITY FINANCIAL ASSISTANCE COMMERCIAL INSURANCE INSURER PROGRAMS INFORMATION LIVESTOCK INSURANCE FOREIGN AFFAIRS PORTFOLIO WELFARE INSURANCE SOLUTIONS INCENTIVES RELIEF ASSISTANCE PRICING DISASTER WEATHER INSURANCE PRIVATE INSURANCE PRICE MARKET FAILURE INSURANCE RISK BENEFICIARIES INSURANCE SCHEME INSURANCE MARKET INSURANCE COMPANY POLICYHOLDERS DISASTER RELIEF CROP INSURANCE REINSURERS SAVINGS DERIVATIVES AGRICULTURAL COMMODITIES RELIEF CREDIT UNIONS NATURAL DISASTER SITUATIONS NATURAL DISASTER ECONOMIC BENEFITS INSURANCE MARKETS INSURANCE PRODUCT FLOODS NATURAL DISASTERS MARKETS RATES DISASTERS CRED INSURERS NEGOTIATIONS LONG-TERM FINANCING LOANS FARMERS REINSURANCE MARKETS FINANCIAL SYSTEM INSURANCE COVERAGE INSURANCE POLICY LEGAL FRAMEWORK FINANCE INFRASTRUCTURE CONTINGENT LIABILITY BANKS TECHNOLOGY REINSURANCE DROUGHTS EMERGENCY ECONOMIC IMPACT FOOD SECURITY DISASTER REDUCTION POLICIES DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE SCHEMES INSURANCE COVER INSURANCE PRODUCTS MARKET FAILURES VALUE LOSSES BANK CREDIT INSURANCE CONTRACTS EXTREME NATURAL DISASTER DISASTER RISK FINANCING CLIMATE AGRICULTURAL INSURANCE CLAIMS COINSURANCE CONSUMERS INTERNATIONAL REINSURANCE MARKET FLOOD REGULATION POLICY SOLVENCY INSURANCE INSURANCE PREMIUMS LOSS AGENTS SUBSISTENCE FARMERS EDUCATION INVESTMENT EXTREME POVERTY RISK INDEMNITY DISASTER RESPONSES PRIVATE INSURANCE COMPANIES UNDERWRITING GOVERNMENT INSURANCE LAW FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT CROP INSURANCE PROGRAM INSURANCE COMPANIES TECHNOLOGIES FINANCIAL SECTOR SAFETY COVERAGE NATURAL HAZARDS RELIEF EFFORTS REINSURANCE COMPANIES RISK ASSESSMENT CONSUMER PROTECTION BENEFITS GREENHOUSE INSURANCE AGRICULTURAL INSURANCE SCHEME CREDIT INSURANCE PREMIUMS 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. 2016-06-07T18:52:20Z 2016-06-07T18:52:20Z 2015-10 Report 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Africa Kenya |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
FLOODING INSURANCE PORTFOLIO REGULATORY FRAMEWORK CATASTROPHIC LOSSES FARMER DISASTER SITUATIONS INCOME AGRICULTURAL PRODUCTION GUARANTEES SUSTAINABILITY FINANCIAL ASSISTANCE COMMERCIAL INSURANCE INSURER PROGRAMS INFORMATION LIVESTOCK INSURANCE FOREIGN AFFAIRS PORTFOLIO WELFARE INSURANCE SOLUTIONS INCENTIVES RELIEF ASSISTANCE PRICING DISASTER WEATHER INSURANCE PRIVATE INSURANCE PRICE MARKET FAILURE INSURANCE RISK BENEFICIARIES INSURANCE SCHEME INSURANCE MARKET INSURANCE COMPANY POLICYHOLDERS DISASTER RELIEF CROP INSURANCE REINSURERS SAVINGS DERIVATIVES AGRICULTURAL COMMODITIES RELIEF CREDIT UNIONS NATURAL DISASTER SITUATIONS NATURAL DISASTER ECONOMIC BENEFITS INSURANCE MARKETS INSURANCE PRODUCT FLOODS NATURAL DISASTERS MARKETS RATES DISASTERS CRED INSURERS NEGOTIATIONS LONG-TERM FINANCING LOANS FARMERS REINSURANCE MARKETS FINANCIAL SYSTEM INSURANCE COVERAGE INSURANCE POLICY LEGAL FRAMEWORK FINANCE INFRASTRUCTURE CONTINGENT LIABILITY BANKS TECHNOLOGY REINSURANCE DROUGHTS EMERGENCY ECONOMIC IMPACT FOOD SECURITY DISASTER REDUCTION POLICIES DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE SCHEMES INSURANCE COVER INSURANCE PRODUCTS MARKET FAILURES VALUE LOSSES BANK CREDIT INSURANCE CONTRACTS EXTREME NATURAL DISASTER DISASTER RISK FINANCING CLIMATE AGRICULTURAL INSURANCE CLAIMS COINSURANCE CONSUMERS INTERNATIONAL REINSURANCE MARKET FLOOD REGULATION POLICY SOLVENCY INSURANCE INSURANCE PREMIUMS LOSS AGENTS SUBSISTENCE FARMERS EDUCATION INVESTMENT EXTREME POVERTY RISK INDEMNITY DISASTER RESPONSES PRIVATE INSURANCE COMPANIES UNDERWRITING GOVERNMENT INSURANCE LAW FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT CROP INSURANCE PROGRAM INSURANCE COMPANIES TECHNOLOGIES FINANCIAL SECTOR SAFETY COVERAGE NATURAL HAZARDS RELIEF EFFORTS REINSURANCE COMPANIES RISK ASSESSMENT CONSUMER PROTECTION BENEFITS GREENHOUSE INSURANCE AGRICULTURAL INSURANCE SCHEME CREDIT INSURANCE PREMIUMS |
| spellingShingle |
FLOODING INSURANCE PORTFOLIO REGULATORY FRAMEWORK CATASTROPHIC LOSSES FARMER DISASTER SITUATIONS INCOME AGRICULTURAL PRODUCTION GUARANTEES SUSTAINABILITY FINANCIAL ASSISTANCE COMMERCIAL INSURANCE INSURER PROGRAMS INFORMATION LIVESTOCK INSURANCE FOREIGN AFFAIRS PORTFOLIO WELFARE INSURANCE SOLUTIONS INCENTIVES RELIEF ASSISTANCE PRICING DISASTER WEATHER INSURANCE PRIVATE INSURANCE PRICE MARKET FAILURE INSURANCE RISK BENEFICIARIES INSURANCE SCHEME INSURANCE MARKET INSURANCE COMPANY POLICYHOLDERS DISASTER RELIEF CROP INSURANCE REINSURERS SAVINGS DERIVATIVES AGRICULTURAL COMMODITIES RELIEF CREDIT UNIONS NATURAL DISASTER SITUATIONS NATURAL DISASTER ECONOMIC BENEFITS INSURANCE MARKETS INSURANCE PRODUCT FLOODS NATURAL DISASTERS MARKETS RATES DISASTERS CRED INSURERS NEGOTIATIONS LONG-TERM FINANCING LOANS FARMERS REINSURANCE MARKETS FINANCIAL SYSTEM INSURANCE COVERAGE INSURANCE POLICY LEGAL FRAMEWORK FINANCE INFRASTRUCTURE CONTINGENT LIABILITY BANKS TECHNOLOGY REINSURANCE DROUGHTS EMERGENCY ECONOMIC IMPACT FOOD SECURITY DISASTER REDUCTION POLICIES DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE SCHEMES INSURANCE COVER INSURANCE PRODUCTS MARKET FAILURES VALUE LOSSES BANK CREDIT INSURANCE CONTRACTS EXTREME NATURAL DISASTER DISASTER RISK FINANCING CLIMATE AGRICULTURAL INSURANCE CLAIMS COINSURANCE CONSUMERS INTERNATIONAL REINSURANCE MARKET FLOOD REGULATION POLICY SOLVENCY INSURANCE INSURANCE PREMIUMS LOSS AGENTS SUBSISTENCE FARMERS EDUCATION INVESTMENT EXTREME POVERTY RISK INDEMNITY DISASTER RESPONSES PRIVATE INSURANCE COMPANIES UNDERWRITING GOVERNMENT INSURANCE LAW FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT CROP INSURANCE PROGRAM INSURANCE COMPANIES TECHNOLOGIES FINANCIAL SECTOR SAFETY COVERAGE NATURAL HAZARDS RELIEF EFFORTS REINSURANCE COMPANIES RISK ASSESSMENT CONSUMER PROTECTION BENEFITS GREENHOUSE INSURANCE AGRICULTURAL INSURANCE SCHEME CREDIT INSURANCE PREMIUMS World Bank Group Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions |
| geographic_facet |
Africa Kenya |
| description |
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. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions |
| title_short |
Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions |
| title_full |
Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions |
| title_fullStr |
Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions |
| title_full_unstemmed |
Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions |
| title_sort |
kenya toward a national crop and livestock insurance program : summary of policy suggestions |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
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 |
| _version_ |
1764456831498846208 |