Publication:
Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts

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dc.contributor.authorGoodwin, Barry K.
dc.contributor.authorMahul, Olivier
dc.date.accessioned2013-06-24T13:57:03Z
dc.date.available2013-06-24T13:57:03Z
dc.date.issued2004-09
dc.description.abstractThe authors identify the key issues and concerns that arise in the design and rating of crop yield insurance plans, with a particular emphasis on production risk modeling. The authors show how the availability of data shapes the insurance scheme and the ratemaking procedures. Relying on the U.S. experience and recent developments in statistics and econometrics, they review risk modeling concepts and provide technical guidelines in the development of crop insurance plans. Finally, they show how these risk modeling techniques can be extended to price risk in order to develop crop revenue insurance schemes.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/09/5127045/risk-modeling-concepts-relating-design-rating-agricultural-insurance-contracts
dc.identifier.doi10.1596/1813-9450-3392
dc.identifier.urihttps://hdl.handle.net/10986/14134
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, D.C.
dc.relation.ispartofseriesPolicy Research Working Paper;No.3392
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACTUARIAL SCIENCES
dc.subjectACTUARIES
dc.subjectADVERSE SELECTION
dc.subjectAGENTS
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAPPLICATIONS
dc.subjectASSURANCE
dc.subjectCATASTROPHIC RISKS
dc.subjectCOINSURANCE
dc.subjectCOMMODITIES
dc.subjectCOVERAGE
dc.subjectCROP INSURANCE
dc.subjectCROP PRODUCTION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectECONOMETRICS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEXPERIMENTS
dc.subjectFARMS
dc.subjectFIRE INSURANCE
dc.subjectINCOME
dc.subjectINDEMNITY
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE PLANS
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE PREMIUM RATES
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURERS
dc.subjectLIVESTOCK PRODUCTS
dc.subjectMORAL HAZARD
dc.subjectPESTS
dc.subjectPOLICY MAKERS
dc.subjectPREMIUMS
dc.subjectPREVENTIVE MEASURES
dc.subjectPRICE RISK
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE INSURANCE COMPANIES
dc.subjectPRODUCERS
dc.subjectPROGRAMS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MITIGATION
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL WELFARE
dc.subjectSOIL QUALITY
dc.subjectUNDERWRITING
dc.titleRisk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contractsen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleRisk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts
okr.date.doiregistration2025-04-10T09:36:58.984255Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2004/09/5127045/risk-modeling-concepts-relating-design-rating-agricultural-insurance-contracts
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeGovernance
okr.guid449141468761663495
okr.identifier.doi10.1596/1813-9450-3392
okr.identifier.externaldocumentum000009486_20040914115957
okr.identifier.internaldocumentum5127045
okr.identifier.reportWPS3392
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/09/14/000009486_20040914115957/Rendered/PDF/wps3392risk.pdfen
okr.topicInsurance and Risk Mitigation
okr.topicEnvironmental Economics and Policies
okr.topicHealth Economics and Finance
okr.topicSocial Protections and Labor::Labor Policies
okr.topicLaw and Development::Insurance Law
okr.topicCrops and Crop Management Systems
okr.topicHealth
okr.topicNutrition and Population
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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