Risk modeling concepts relating to the design and rating of agricultural insurance contracts

By: Contributor(s): Series: Policy Research Working Paper, No. 3392Publication details: Washington, D. C. The World Bank 2004 Description: 37 pSubject(s): DDC classification:
  • 368.121
Summary: Goodwin and Mahul 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. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to develop effective risk management and financial products for agriculture
List(s) this item appears in: agriculture finance_Keyword
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 26-A / Slot 1201 (0 Floor, East Wing) General Stacks 368.121 G6R4 (Browse shelf(Opens below)) Available 162006

Goodwin and Mahul 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. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to develop effective risk management and financial products for agriculture

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