Publication:
Kazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-12-17T22:25:20Z
dc.date.available2014-12-17T22:25:20Z
dc.date.issued2012-06
dc.description.abstractAgriculture is a very important socioeconomic sector in Kazakhstan. The Government of the Republic of Kazakhstan (GRK) introduced a national compulsory crop insurance scheme in 2005 in order to provide grain producers and other farmers with a minimum level of protection against catastrophic climatic events. The overall objective of the current study is to assist the GRK in improving the existing mandatory crop insurance program. The study aims to identify sustainable market-based alternatives to the current crop insurance system in Kazakhstan. In this regard, all of the options for improving the current system that were developed under this study are market based and take into account global experience and the best insurance and reinsurance industry practices for agricultural insurance. The study follows the principles established in the agriculture risk management framework developed by the World Bank. The study focuses mainly on spring wheat crop production in the principal growing regions of Kazakhstan. The study is set out in six chapters. Chapter one gives introduction and objectives of the study. Chapter two presents an overview of agricultural production systems and markets in Kazakhstan, followed by an assessment of the climatic hazards and other risks affecting spring wheat in the country s main crop areas. Chapter three reviews the structure and performance of the current mandatory crop insurance system in Kazakhstan and identifies a series of institutional, operational, technical, and financial drawbacks of the current system. Chapter four presents a phased strategy and a series of options and recommendations for the GRK to consider for the introduction of market based solutions that aim to strengthen the current scheme. Chapter five explores the opportunities for developing new crop insurance products in Kazakhstan, including prefeasibility analyses for area-yield index insurance (AYII), weather index insurance (WII), and named-peril hail insurance for selected rayons. Finally, chapter six deals with the challenges of tailoring crop insurance to the needs of lower-income smaller farmers.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/06/20346245/kazakhstan-agricultural-insurance-feasibility-study-vol-1-2-main-report
dc.identifier.doi10.1596/20779
dc.identifier.urihttps://hdl.handle.net/10986/20779
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACTUAL YIELDS
dc.subjectAGENTS
dc.subjectAGRIBUSINESS
dc.subjectAGRICULTURAL ACTIVITIES
dc.subjectAGRICULTURAL CROP PRODUCTION
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAGRICULTURAL INSURANCE SCHEME
dc.subjectAGRICULTURAL INSURANCE SCHEMES
dc.subjectAGRICULTURAL INSURANCE SYSTEM
dc.subjectAGRICULTURAL PRODUCERS
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURAL RISK
dc.subjectAGRICULTURE
dc.subjectAGRICULTURE SECTOR
dc.subjectALLOCATION
dc.subjectANNUAL CROPS
dc.subjectAQUACULTURE
dc.subjectAVERAGE ANNUAL RAINFALL
dc.subjectAVERAGE YIELDS
dc.subjectBASIS RISK
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPS
dc.subjectCATASTROPHE REINSURANCE
dc.subjectCATASTROPHE RISK FINANCING
dc.subjectCEREALS
dc.subjectCLIMATE
dc.subjectCLIMATIC CONDITIONS
dc.subjectCOINSURANCE
dc.subjectCOMMERCIAL FARMERS
dc.subjectCOMMERCIAL INSURANCE
dc.subjectCOMMODITY
dc.subjectCOMPENSATION
dc.subjectCOMPULSORY INSURANCE
dc.subjectCOOPERATIVES
dc.subjectCOST OF REINSURANCE
dc.subjectCOTTON
dc.subjectCOVERAGE
dc.subjectCROP
dc.subjectCROP AREA
dc.subjectCROP DAMAGE
dc.subjectCROP FAILURE
dc.subjectCROP HUSBANDRY
dc.subjectCROP INSURANCE
dc.subjectCROP INSURANCE PREMIUM
dc.subjectCROP INSURANCE PRODUCT
dc.subjectCROP INSURANCE PROGRAM
dc.subjectCROP INSURANCE SCHEME
dc.subjectCROP LOSS
dc.subjectCROP LOSSES
dc.subjectCROP OUTPUT
dc.subjectCROP PRODUCTION
dc.subjectCROP PRODUCTION SYSTEMS
dc.subjectCROP RISK
dc.subjectCROP SEASON
dc.subjectCROP YIELD
dc.subjectCROP YIELDS
dc.subjectCROPS
dc.subjectDISASTERS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC THEORY
dc.subjectEXCESS OF LOSS REINSURANCE
dc.subjectEXCHANGE RATE
dc.subjectEXTREME DROUGHT
dc.subjectFAMILY FARMS
dc.subjectFARM
dc.subjectFARMER
dc.subjectFARMER ASSOCIATIONS
dc.subjectFARMS
dc.subjectFEASIBILITY
dc.subjectFIELD CROPS
dc.subjectFINANCIAL CHALLENGES
dc.subjectFINANCIAL CONTRIBUTIONS
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LOSS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SUPPORT
dc.subjectFISHERIES
dc.subjectFOOD CROPS
dc.subjectFOOD SECURITY
dc.subjectFRUIT CROPS
dc.subjectGRAIN
dc.subjectGRAIN CROPS
dc.subjectGRAIN FARMING
dc.subjectGRAINS
dc.subjectGRAZING
dc.subjectGROUP INSURANCE
dc.subjectGROWING SEASON
dc.subjectHORTICULTURAL CROPS
dc.subjectHUSBANDRY
dc.subjectINCOME
dc.subjectINDEMNITY
dc.subjectINNOVATION
dc.subjectINSPECTIONS
dc.subjectINSURANCE ASSOCIATIONS
dc.subjectINSURANCE CLAIMS
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE CONTRACT
dc.subjectINSURANCE COVER
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE POOLS
dc.subjectINSURANCE PREMIUM RATES
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE REGULATOR
dc.subjectINSURANCE RESERVES
dc.subjectINSURANCE SECTOR
dc.subjectINSURANCE SYSTEM
dc.subjectINSURERS
dc.subjectINTERNATIONAL REINSURANCE
dc.subjectLABOR FORCE
dc.subjectLAYERING
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIVESTOCK GRAZING
dc.subjectLIVESTOCK INSURANCE
dc.subjectLOSS RATIO
dc.subjectMARGINAL FARMERS
dc.subjectMEAT
dc.subjectMORAL HAZARD
dc.subjectMUTUAL INSURANCE COMPANIES
dc.subjectNON-LIFE INSURANCE
dc.subjectNONPROPORTIONAL REINSURANCE
dc.subjectOILSEED CROPS
dc.subjectOILSEEDS
dc.subjectPOLICY MAKERS
dc.subjectPOLICYHOLDERS
dc.subjectPOOR FARMERS
dc.subjectPORTFOLIO
dc.subjectPRELIMINARY ESTIMATES
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE INSURANCE COMPANIES
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION SYSTEMS
dc.subjectPROGRAMS
dc.subjectPROPORTIONAL REINSURANCE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREINSURANCE
dc.subjectREINSURANCE AGREEMENT
dc.subjectREINSURANCE MARKETS
dc.subjectREINSURERS
dc.subjectRISK ASSESSMENT
dc.subjectRISK MANAGEMENT
dc.subjectRISK TRANSFER
dc.subjectSALVAGE
dc.subjectSAVINGS
dc.subjectSCENARIOS
dc.subjectSEED
dc.subjectSINGLE CROP
dc.subjectSMALL FARMER
dc.subjectSMALL FARMERS
dc.subjectSOILS
dc.subjectSOLVENCY
dc.subjectSOLVENCY REQUIREMENTS
dc.subjectSOWING
dc.subjectSPRING
dc.subjectSPRING WHEAT
dc.subjectTOTAL COST
dc.subjectTRANSACTION COSTS
dc.subjectUNCERTAINTIES
dc.subjectUNDERWRITING
dc.subjectUNDERWRITING STANDARDS
dc.subjectVEGETATION
dc.subjectYIELD LOSS
dc.subjectYIELDS
dc.titleKazakhstan : Agricultural Insurance Feasibility Study, Volume 1. Main Reporten
dspace.entity.typePublication
okr.date.disclosure2014-11-07
okr.date.doiregistration2025-05-07T10:35:30.422266Z
okr.doctypeEconomic & Sector Work::Other Agricultural Study
okr.docurlhttp://documents.worldbank.org/curated/en/2012/06/20346245/kazakhstan-agricultural-insurance-feasibility-study-vol-1-2-main-report
okr.globalpracticeAgriculture
okr.guid983671468041118238
okr.guid286561468272043976
okr.identifier.externaldocumentum000442464_20141104150058
okr.identifier.internaldocumentum20346245
okr.identifier.report92230
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/11/04/000442464_20141104150058/Rendered/PDF/922300v10WP0Ka010Box385354B00OUO090.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKazakhstan
okr.sectorFinance :: Micro- and SME finance
okr.sectorIndustry and trade :: Agro-industry
okr.themeFinancial and private sector development :: Small and medium enterprise support
okr.themeRural development :: Rural markets
okr.topicInsurance and Risk Mitigation
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicAgriculture::Climate Change and Agriculture
okr.topicLaw and Development::Insurance Law
okr.topicCrops and Crop Management Systems
okr.topicFinance and Financial Sector Development
okr.unitAgriculture and Rural Development Unit, Sustainable Development Department, Europe and Central Asia Region
okr.volume1 of 2
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