Weather Index Insurance for Agriculture : Guidance for Development Practitioners

This paper is a distillation of the findings of the work undertaken by the World Bank. It is deliberately not a collation of case studies, but rather a practical overview of the subject. The purpose of this paper is to introduce task managers and d...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACCOUNTING ADVERSE SELECTION AFLATOXIN AGRICULTURAL COMMODITIES AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL PRODUCTION APPLICATIONS BANKS BASIS RISK BORROWING BROKERS CATASTROPHE COVERAGE CATASTROPHIC EVENT CATASTROPHIC RISKS CHANGES IN DEMAND CLIMATE COMMERCIAL INSURANCE COMPENSATION COST OF INSURANCE COVERAGE CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE PRODUCT CROP INSURANCE PROGRAM CYCLONES DAMAGES DISASTER RELIEF DISASTERS DROUGHT EARLY WARNING EARTHQUAKE EARTHQUAKES EMPLOYMENT ENERGY INFRASTRUCTURE ENSO EXTREME EVENTS EXTREME RAINFALL EXTREME RAINFALL EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FAMINE FARMER FEASIBILITY FINANCIAL ASSISTANCE FINANCIAL CAPACITY FINANCIAL CONSEQUENCES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL LOSSES FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SUPPORT FIRE FLOOD FLOODING FLOODS FOREIGN AFFAIRS HAIL STORMS HEALTH RISKS HEAVY RAIN HURRICANE HURRICANE CATASTROPHE INCOME INDEMNITY INDEMNITY INSURANCE INFORMATION SYSTEM INNOVATIONS INSURABLE INTEREST INSURANCE INSURANCE COMPANY INSURANCE CONTRACT INSURANCE MARKETS INSURANCE PAYOUT INSURANCE PILOT INSURANCE POLICY INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE SECTOR INSURANCE SYSTEM INSURANCES INSURER INTEGRITY INTERNATIONAL REINSURANCE LABOR DISPUTES LABORERS LIFE INSURANCE LIVESTOCK INSURANCE LOWER PRICES MARKET FAILURE MARKET RISK METEOROLOGICAL OFFICE METEOROLOGICAL ORGANIZATION MITIGATION MORAL HAZARD MULTIPLE PERIL CROP INSURANCE NATURAL DISASTER NONGOVERNMENTAL ORGANIZATION OUTBREAK OUTPUTS POLICYHOLDERS POLITICAL ECONOMY POOR FARMERS PORTFOLIO PREMIUMS PRICE RISK PRODUCTIVITY PROGRAMS RATES RECIPROCITY REINSURANCE REINSURANCE AGREEMENT REINSURANCE COMPANIES REINSURERS RELIEF RESEARCH AND DEVELOPMENT FUNDING RESERVES RISK ASSESSMENT RISK EXPOSURES RISK INSURANCE RISK MANAGEMENT RISK MANAGERS RISK MITIGATION RISK SHARING RISK TRANSFER SAFETY SAFETY NET SAVINGS SEA SURFACE TEMPERATURES SUPPLIERS SURFACE TEMPERATURES SUSTAINABILITY TORNADO TYPHOON UNDERWRITING VICTIMS WEATHER EVENT WEATHER INSURANCE WIND SPEED
Online Access:	http://documents.worldbank.org/curated/en/590721468155130451/Weather-index-insurance-for-agriculture-guidance-for-development-practitioners http://hdl.handle.net/10986/26889

id	okr-10986-26889
recordtype	oai_dc
spelling	okr-10986-268892021-04-23T14:04:34Z Weather Index Insurance for Agriculture : Guidance for Development Practitioners World Bank ACCOUNTING ADVERSE SELECTION AFLATOXIN AGRICULTURAL COMMODITIES AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL PRODUCTION APPLICATIONS BANKS BASIS RISK BORROWING BROKERS CATASTROPHE COVERAGE CATASTROPHIC EVENT CATASTROPHIC RISKS CHANGES IN DEMAND CLIMATE COMMERCIAL INSURANCE COMPENSATION COST OF INSURANCE COVERAGE CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE PRODUCT CROP INSURANCE PROGRAM CYCLONES DAMAGES DISASTER RELIEF DISASTERS DROUGHT EARLY WARNING EARTHQUAKE EARTHQUAKES EMPLOYMENT ENERGY INFRASTRUCTURE ENSO EXTREME EVENTS EXTREME RAINFALL EXTREME RAINFALL EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FAMINE FARMER FEASIBILITY FINANCIAL ASSISTANCE FINANCIAL CAPACITY FINANCIAL CONSEQUENCES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL LOSSES FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SUPPORT FIRE FLOOD FLOODING FLOODS FOREIGN AFFAIRS HAIL STORMS HEALTH RISKS HEAVY RAIN HURRICANE HURRICANE CATASTROPHE INCOME INDEMNITY INDEMNITY INSURANCE INFORMATION SYSTEM INNOVATIONS INSURABLE INTEREST INSURANCE INSURANCE COMPANY INSURANCE CONTRACT INSURANCE MARKETS INSURANCE PAYOUT INSURANCE PILOT INSURANCE POLICY INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE SECTOR INSURANCE SYSTEM INSURANCES INSURER INTEGRITY INTERNATIONAL REINSURANCE LABOR DISPUTES LABORERS LIFE INSURANCE LIVESTOCK INSURANCE LOWER PRICES MARKET FAILURE MARKET RISK METEOROLOGICAL OFFICE METEOROLOGICAL ORGANIZATION MITIGATION MORAL HAZARD MULTIPLE PERIL CROP INSURANCE NATURAL DISASTER NONGOVERNMENTAL ORGANIZATION OUTBREAK OUTPUTS POLICYHOLDERS POLITICAL ECONOMY POOR FARMERS PORTFOLIO PREMIUMS PRICE RISK PRODUCTIVITY PROGRAMS RATES RECIPROCITY REINSURANCE REINSURANCE AGREEMENT REINSURANCE COMPANIES REINSURERS RELIEF RESEARCH AND DEVELOPMENT FUNDING RESERVES RISK ASSESSMENT RISK EXPOSURES RISK INSURANCE RISK MANAGEMENT RISK MANAGERS RISK MITIGATION RISK SHARING RISK TRANSFER SAFETY SAFETY NET SAVINGS SEA SURFACE TEMPERATURES SUPPLIERS SURFACE TEMPERATURES SUSTAINABILITY TORNADO TYPHOON UNDERWRITING VICTIMS WEATHER EVENT WEATHER INSURANCE WIND SPEED This paper is a distillation of the findings of the work undertaken by the World Bank. It is deliberately not a collation of case studies, but rather a practical overview of the subject. The purpose of this paper is to introduce task managers and development professionals, who are not insurance sector specialists, to weather index insurance. Ultimately, the paper seeks to take the reader through the main decision points that would lead to a decision to embark upon a weather index insurance pilot and then assists them to understand the technical procedures and requirements that are involved with it. In addition, the paper seeks to advise the reader of the practical challenges and implications that are involved with a pilot of this nature and what they might expect to encounter during the initial stages of implementation. The very nature of an index based product creates the chance that an insured party may not be paid when they suffer loss and/or that they may receive a payment when they have suffered no loss. This paper also does not seek to delve deeply into the technical details and science that lie behind the 'black box' that is at the heart of the index. 2017-06-05T17:15:20Z 2017-06-05T17:15:20Z 2011-11 Working Paper http://documents.worldbank.org/curated/en/590721468155130451/Weather-index-insurance-for-agriculture-guidance-for-development-practitioners http://hdl.handle.net/10986/26889 English en_US Agriculture and Rural Development Discussion Paper;No. 50 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
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	ACCOUNTING ADVERSE SELECTION AFLATOXIN AGRICULTURAL COMMODITIES AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL PRODUCTION APPLICATIONS BANKS BASIS RISK BORROWING BROKERS CATASTROPHE COVERAGE CATASTROPHIC EVENT CATASTROPHIC RISKS CHANGES IN DEMAND CLIMATE COMMERCIAL INSURANCE COMPENSATION COST OF INSURANCE COVERAGE CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE PRODUCT CROP INSURANCE PROGRAM CYCLONES DAMAGES DISASTER RELIEF DISASTERS DROUGHT EARLY WARNING EARTHQUAKE EARTHQUAKES EMPLOYMENT ENERGY INFRASTRUCTURE ENSO EXTREME EVENTS EXTREME RAINFALL EXTREME RAINFALL EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FAMINE FARMER FEASIBILITY FINANCIAL ASSISTANCE FINANCIAL CAPACITY FINANCIAL CONSEQUENCES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL LOSSES FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SUPPORT FIRE FLOOD FLOODING FLOODS FOREIGN AFFAIRS HAIL STORMS HEALTH RISKS HEAVY RAIN HURRICANE HURRICANE CATASTROPHE INCOME INDEMNITY INDEMNITY INSURANCE INFORMATION SYSTEM INNOVATIONS INSURABLE INTEREST INSURANCE INSURANCE COMPANY INSURANCE CONTRACT INSURANCE MARKETS INSURANCE PAYOUT INSURANCE PILOT INSURANCE POLICY INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE SECTOR INSURANCE SYSTEM INSURANCES INSURER INTEGRITY INTERNATIONAL REINSURANCE LABOR DISPUTES LABORERS LIFE INSURANCE LIVESTOCK INSURANCE LOWER PRICES MARKET FAILURE MARKET RISK METEOROLOGICAL OFFICE METEOROLOGICAL ORGANIZATION MITIGATION MORAL HAZARD MULTIPLE PERIL CROP INSURANCE NATURAL DISASTER NONGOVERNMENTAL ORGANIZATION OUTBREAK OUTPUTS POLICYHOLDERS POLITICAL ECONOMY POOR FARMERS PORTFOLIO PREMIUMS PRICE RISK PRODUCTIVITY PROGRAMS RATES RECIPROCITY REINSURANCE REINSURANCE AGREEMENT REINSURANCE COMPANIES REINSURERS RELIEF RESEARCH AND DEVELOPMENT FUNDING RESERVES RISK ASSESSMENT RISK EXPOSURES RISK INSURANCE RISK MANAGEMENT RISK MANAGERS RISK MITIGATION RISK SHARING RISK TRANSFER SAFETY SAFETY NET SAVINGS SEA SURFACE TEMPERATURES SUPPLIERS SURFACE TEMPERATURES SUSTAINABILITY TORNADO TYPHOON UNDERWRITING VICTIMS WEATHER EVENT WEATHER INSURANCE WIND SPEED
spellingShingle	ACCOUNTING ADVERSE SELECTION AFLATOXIN AGRICULTURAL COMMODITIES AGRICULTURAL INSURANCE AGRICULTURAL INSURANCE SCHEME AGRICULTURAL PRODUCTION APPLICATIONS BANKS BASIS RISK BORROWING BROKERS CATASTROPHE COVERAGE CATASTROPHIC EVENT CATASTROPHIC RISKS CHANGES IN DEMAND CLIMATE COMMERCIAL INSURANCE COMPENSATION COST OF INSURANCE COVERAGE CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE PRODUCT CROP INSURANCE PROGRAM CYCLONES DAMAGES DISASTER RELIEF DISASTERS DROUGHT EARLY WARNING EARTHQUAKE EARTHQUAKES EMPLOYMENT ENERGY INFRASTRUCTURE ENSO EXTREME EVENTS EXTREME RAINFALL EXTREME RAINFALL EVENTS EXTREME WEATHER EXTREME WEATHER EVENTS FAMINE FARMER FEASIBILITY FINANCIAL ASSISTANCE FINANCIAL CAPACITY FINANCIAL CONSEQUENCES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL LOSSES FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SUPPORT FIRE FLOOD FLOODING FLOODS FOREIGN AFFAIRS HAIL STORMS HEALTH RISKS HEAVY RAIN HURRICANE HURRICANE CATASTROPHE INCOME INDEMNITY INDEMNITY INSURANCE INFORMATION SYSTEM INNOVATIONS INSURABLE INTEREST INSURANCE INSURANCE COMPANY INSURANCE CONTRACT INSURANCE MARKETS INSURANCE PAYOUT INSURANCE PILOT INSURANCE POLICY INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE SECTOR INSURANCE SYSTEM INSURANCES INSURER INTEGRITY INTERNATIONAL REINSURANCE LABOR DISPUTES LABORERS LIFE INSURANCE LIVESTOCK INSURANCE LOWER PRICES MARKET FAILURE MARKET RISK METEOROLOGICAL OFFICE METEOROLOGICAL ORGANIZATION MITIGATION MORAL HAZARD MULTIPLE PERIL CROP INSURANCE NATURAL DISASTER NONGOVERNMENTAL ORGANIZATION OUTBREAK OUTPUTS POLICYHOLDERS POLITICAL ECONOMY POOR FARMERS PORTFOLIO PREMIUMS PRICE RISK PRODUCTIVITY PROGRAMS RATES RECIPROCITY REINSURANCE REINSURANCE AGREEMENT REINSURANCE COMPANIES REINSURERS RELIEF RESEARCH AND DEVELOPMENT FUNDING RESERVES RISK ASSESSMENT RISK EXPOSURES RISK INSURANCE RISK MANAGEMENT RISK MANAGERS RISK MITIGATION RISK SHARING RISK TRANSFER SAFETY SAFETY NET SAVINGS SEA SURFACE TEMPERATURES SUPPLIERS SURFACE TEMPERATURES SUSTAINABILITY TORNADO TYPHOON UNDERWRITING VICTIMS WEATHER EVENT WEATHER INSURANCE WIND SPEED World Bank Weather Index Insurance for Agriculture : Guidance for Development Practitioners
relation	Agriculture and Rural Development Discussion Paper;No. 50
description	This paper is a distillation of the findings of the work undertaken by the World Bank. It is deliberately not a collation of case studies, but rather a practical overview of the subject. The purpose of this paper is to introduce task managers and development professionals, who are not insurance sector specialists, to weather index insurance. Ultimately, the paper seeks to take the reader through the main decision points that would lead to a decision to embark upon a weather index insurance pilot and then assists them to understand the technical procedures and requirements that are involved with it. In addition, the paper seeks to advise the reader of the practical challenges and implications that are involved with a pilot of this nature and what they might expect to encounter during the initial stages of implementation. The very nature of an index based product creates the chance that an insured party may not be paid when they suffer loss and/or that they may receive a payment when they have suffered no loss. This paper also does not seek to delve deeply into the technical details and science that lie behind the 'black box' that is at the heart of the index.
format	Working Paper
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Weather Index Insurance for Agriculture : Guidance for Development Practitioners
title_short	Weather Index Insurance for Agriculture : Guidance for Development Practitioners
title_full	Weather Index Insurance for Agriculture : Guidance for Development Practitioners
title_fullStr	Weather Index Insurance for Agriculture : Guidance for Development Practitioners
title_full_unstemmed	Weather Index Insurance for Agriculture : Guidance for Development Practitioners
title_sort	weather index insurance for agriculture : guidance for development practitioners
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/590721468155130451/Weather-index-insurance-for-agriculture-guidance-for-development-practitioners http://hdl.handle.net/10986/26889
_version_	1764461180878848000

Weather Index Insurance for Agriculture : Guidance for Development Practitioners

Similar Items