Government Support to Agricultural Insurance--Challenges and Options for Developing Countries
Olivier Mahul
and
Charles J. Stutley
2010 The International Bank for Reconstruction and Development/ The World Bank 1818 H Street NW
Contents
1. Introduction . . . .17
Agriculture in Developing Countries . . .18
Risk Management in Agriculture . . .19
Agricultural Insurance . . . .22
Objectives of the Study . . . . .25
2. The Economic Rationale for Public Intervention in Agricultural Insurance . . . . .29
Market and Regulatory Imperfections . . . . ..30
Pricing and Subsidizing Agricultural Insurance . .  .40
Compulsory versus Voluntary Insurance . . .49
Climate Change . . . . . . . .50
Modernizing the Agricultural Sector . . . . .. . .52
Note . . . . . . . . . . . . . .55
3. Comparative Analysis of Agriculture Insurance Programs . ..57
Survey Objectives and Methodology . . .  .57
Origins of and Trends in the Provision of Agricultural Insurance . . . .59
Global Agricultural Insurance Markets . . . .. .62
Public Intervention in Agricultural Insurance . . .  .100
Penetration of Agricultural Insurance . . . .118
Performance of Agricultural Insurance Providers . .123
Notes . . . . . . . . .133
4. Options for and Challenges to Providing Public Support to Agricultural Insurance in Developing Countries . . . . .137
Policy Recommendations . . . . . . .138
Key Challenges and Options . . . . . .142
Appendixes
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