World Bank2013-02-222013-02-222007-06https://hdl.handle.net/10986/12467This report explains why agricultural insurance is expensive to deliver to small farm households, details risk assessment in four provinces, and recommends China put more resources in developing products that are more suited to an agricultural economy that is dominated by small farm households. The report discusses the important role of government in supporting the legal and regulatory environment, access to data for new product development, risk sharing, and broader education of all stakeholders about the benefits of agricultural insurance. It also explains why this form of subsidy could provide improved incentives versus a direct subsidy for farmer premium. The report concludes with principle recommendations involving scalable product solutions, risk financing strategy, intuitional capacity building and technical assistance, legal and regulatory framework, and government support and public subsidies.en-USCC BY 3.0 IGOACCIDENTSADVERSE SELECTIONAGENTSAGRICULTURAL ECONOMICSAGRICULTURAL INSURANCEAGRICULTURAL INSURANCE SCHEMEAGRICULTURAL INSURANCE SYSTEMAGRICULTURAL PRODUCTIONAPPLICATIONSAREA OF INFLUENCEASSURANCEBALANCE SHEETBASIS RISKBROKERAGEBUSINESS RISKCASUALTYCATASTROPHE COVERAGECATASTROPHE REINSURANCECATASTROPHIC LOSSCENTRAL GOVERNMENTCLIMATECOINSURANCECOMMERCIAL INSURANCECOMMERCIAL REINSURERSCOMMISSIONSCOMMODITIESCOMMODITYCONTRACTUAL SAVINGSCOST OF CAPITALCOSTS OF INSURANCECOUNTRY TO COUNTRYCOVERAGECROP INSURANCECROP INSURANCE PREMIUMCROP INSURANCE PROGRAMCROP INSURANCE SCHEMEDATA AVAILABILITYDEPOSITDERIVATIVES MARKETDEVELOPING COUNTRIESDIRECT INSURANCEDISASTERDISASTER ASSISTANCEDISASTER PROGRAMDISASTERSDROUGHTDUST BOWLEXCESS OF LOSS REINSURANCEEXPOSUREEXPOSURESFARMERFARMERSFEASIBILITYFEDERAL AGENCYFINANCIAL ASSISTANCEFINANCIAL INSTITUTIONFINANCIAL PERFORMANCEFINANCIAL RESOURCESFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL STATEMENTSFINANCIAL SUPPORTFIREFIRESFLOODFLOODSFORESTRY INSURANCEGENERAL INSURANCEGOVERNMENT FUNDSGOVERNMENT INTERVENTIONINCOMEINCOME GROUPINCOME TAXINCOMESINDEMNITIESINDEMNITYINSURANCE ADJUSTERSINSURANCE AGENTSINSURANCE COMMISSIONERSINSURANCE COMPANIESINSURANCE COMPANYINSURANCE COMPENSATIONINSURANCE CONTRACTINSURANCE CONTRACTSINSURANCE COVERAGEINSURANCE FUNDSINSURANCE LAWINSURANCE MARKETINSURANCE OPTIONSINSURANCE PLANSINSURANCE POLICIESINSURANCE POLICYINSURANCE POOLSINSURANCE PORTFOLIOINSURANCE PREMIUM RATESINSURANCE PREMIUMSINSURANCE PRODUCTINSURANCE PRODUCTSINSURANCE SCHEMESINSURANCE SECTORINSURANCE SUPERVISORSINSURANCE SYSTEMINSURERINTERNATIONAL REINSURANCELAWSLIVESTOCK INSURANCELOSS RATIOMARKET FAILUREMARKET SHAREMETEOROLOGICAL ORGANIZATIONMICROFINANCEMITIGATIONMORAL HAZARDNATURAL DISASTERSNEW PRODUCTSNONPROPORTIONAL REINSURANCEPOLICYHOLDERSPOOR FARMERSPORTFOLIOPRICE INDEXPRICE MOVEMENTSPRIVATE INSURANCEPRIVATE INSURANCE COMPANIESPRIVATE REINSURANCEPROBABILITY DISTRIBUTIONPROBABILITY ESTIMATEPROGRAM COSTSPROGRAMSPROPERTY INSURANCEPUBLIC POLICYPUBLIC-PRIVATE PARTNERSHIPQUOTA SHARE REINSURANCERATESREGULATORY FRAMEWORKREINSURANCEREINSURANCE AGREEMENTREINSURANCE CAPACITYREINSURANCE MARKETSREINSURANCE PREMIUMSREINSURANCE TREATYREINSURERREINSURERSRESERVESRETROCESSIONRISK ASSESSMENTRISK EXPOSURERISK MANAGEMENTRISK PROFILESRISK REDUCTIONRISK TRANSFERSAFETYSAFETY NETSOLVENCYTARGETED SUBSIDIESTAXTECHNICAL ASSISTANCETORNADOTOTAL COSTTRANSACTION COSTSTREASURYTYPHOONUNDERWRITINGWEATHER INSURANCEWORLD TRADEWorld Bank10.1596/12467