Publication:
India - Crop Insurance Non-Lending Technical Assistance : Summary of Policy Suggestions

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:12:34Z
dc.date.available2012-03-19T10:12:34Z
dc.date.issued2011-04-01
dc.description.abstractAt the request of Government of India (GOI), the World Bank has provided technical assistance to the public insurance company, Agriculture Insurance Company of India (AICI) to develop an actuarially sound rating methodology and improve the contract design of the area-yield based National Agriculture Insurance Scheme (NAIS) to reduce delays in claim settlement; to design and ratemaking of new weather index insurance products under the weather based crop insurance scheme; and to perform a risk assessment of AICI's insurance portfolio and to suggest cost-effective risk financing solutions (including reinsurance). Crop insurance can contribute to increasing access to rural finance and is required to ensure a more viable agriculture credit business. An improved crop insurance program supports and complements other critical agriculture sector related measures, including the reform of rural credit cooperatives, agriculture marketing reforms and efforts to improve agriculture extension and productivity. A better understanding of risks entailed in particular crops in particular areas which can be ascertained through assessing the actuarially sound insurance premium rates for the crop can also be a significant input to agriculture policy at sub-national and national levels. Similarly, crop insurance is vital for creditors, such as banks and rural cooperatives, which otherwise face significant risks in agriculture lending that are otherwise difficult to price given political economy factors and the underlying fragile economics of agriculture. The inherent risks in agriculture in India with its high degree of dependence on rain-fed cultivation, a well developed and widely used agriculture insurance program is critical from a farmer perspective. Without this, farmers run the risk of crop failures, which in turn, lead to inability to service their debts. Since crop cycles often follow seamlessly from one season to the next, delinquency on account of one crop could mean being ruled out of the formal banking system for the next crop cycle.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110503030736
dc.identifier.doi10.1596/2749
dc.identifier.urihttps://hdl.handle.net/10986/2749
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO RURAL FINANCE
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAUDITING
dc.subjectAUDITS
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBASIS RISK
dc.subjectBORROWING
dc.subjectBUDGET MANAGEMENT
dc.subjectBUDGETING
dc.subjectCAPACITY BUILDING
dc.subjectCASH FLOW
dc.subjectCATASTROPHE LOSS
dc.subjectCATASTROPHIC LOSSES
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCLAIM PAYMENT
dc.subjectCLAIM PAYMENTS
dc.subjectCLAIMS PROCESSING
dc.subjectCONTINGENT DEBT
dc.subjectCONTINGENT LIABILITY
dc.subjectCONTRACT DESIGN
dc.subjectCOST-SHARING
dc.subjectCOVERAGE
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDITORS
dc.subjectCROP FAILURE
dc.subjectCROP FAILURES
dc.subjectCROP INSURANCE
dc.subjectCROP INSURANCE SCHEME
dc.subjectDEBT
dc.subjectDEBTS
dc.subjectDIRECT CREDIT
dc.subjectDISASTER
dc.subjectDISASTER REDUCTION
dc.subjectFACTORING
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LIABILITY
dc.subjectFINANCIAL STRESS
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFORMAL BANKING
dc.subjectFORMAL BANKING SYSTEM
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKET
dc.subjectGOVERNMENT FINANCING
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGOVERNMENT SUBSIDY
dc.subjectHOUSEHOLDS
dc.subjectINDEMNITIES
dc.subjectINDEMNITY
dc.subjectINDEMNITY PAYMENT
dc.subjectINDEMNITY PAYMENTS
dc.subjectINFORMAL CREDIT
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL CAPACITY BUILDING
dc.subjectINSTRUMENT
dc.subjectINSURABILITY
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUM RATES
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINTERNATIONAL STRATEGY FOR DISASTER REDUCTION
dc.subjectLANDSLIDE
dc.subjectLINE OF CREDIT
dc.subjectLOAN
dc.subjectLOAN FACILITY
dc.subjectLOSS RATIO
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET SHARES
dc.subjectMOBILE PHONE
dc.subjectMORAL HAZARD
dc.subjectOUTREACH
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO RISK
dc.subjectPRIVATE REINSURANCE
dc.subjectPRODUCTIVITY
dc.subjectPROGRAMS
dc.subjectPUBLIC INSURANCE
dc.subjectREINSURANCE
dc.subjectREINSURANCE MARKETS
dc.subjectREINSURERS
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK ANALYSIS
dc.subjectRISK CAPITAL
dc.subjectRISK EXPOSURE
dc.subjectRISK MITIGATION
dc.subjectRISK PROFILE
dc.subjectRISK SHARING
dc.subjectRISK TRANSFER
dc.subjectRURAL CREDIT
dc.subjectRURAL CREDIT COOPERATIVES
dc.subjectRURAL FINANCE
dc.subjectSETTLEMENT
dc.subjectSOCIAL WELFARE
dc.subjectSTOP LOSS REINSURANCE
dc.subjectSUSTAINABILITY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectVILLAGE
dc.subjectVILLAGES
dc.titleIndia - Crop Insurance Non-Lending Technical Assistance : Summary of Policy Suggestionsen
dspace.entity.typePublication
okr.date.disclosure2011-05-03
okr.date.doiregistration2025-05-07T09:05:14.134852Z
okr.doctypeEconomic & Sector Work::Other Agricultural Study
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110503030736
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.guid293921468041488280
okr.identifier.externaldocumentum000386194_20110503030736
okr.identifier.internaldocumentum14139175
okr.identifier.report61493
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/05/03/000386194_20110503030736/Rendered/PDF/614930P10837501nical0Assistance1FIN.pdfen
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.region.geographicalSouth Asia
okr.region.geographicalAsia
okr.sectorNon-compulsory pensions
okr.sectorinsurance and contractual savings
okr.sectorHousing finance and real estate markets
okr.sectorAgricultural extension and research
okr.sectorFinance
okr.sectorAgriculture
okr.sectorfishing
okr.sectorand forestry
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicUrban Development::Hazard Risk Management
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitFinance & PSD Sector Unit (SASFP)
okr.volume1 of 1
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