Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts
The 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 an...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://hdl.handle.net/10986/14134 |
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okr-10986-141342017-12-13T12:30:15Z Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts Goodwin, Barry K. Mahul, Olivier ACTUARIAL SCIENCES ACTUARIES ADVERSE SELECTION AGENTS AGRICULTURAL INSURANCE APPLICATIONS ASSURANCE CATASTROPHIC RISKS COINSURANCE COMMODITIES COVERAGE CROP INSURANCE CROP PRODUCTION DEVELOPED COUNTRIES DEVELOPING COUNTRIES ECONOMETRICS EMPIRICAL EVIDENCE EXPERIMENTS FARMS FIRE INSURANCE INCOME INDEMNITY INFORMATION ASYMMETRIES INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE PLANS INSURANCE POLICIES INSURANCE PREMIUM RATES INSURANCE PRODUCTS INSURERS LIVESTOCK PRODUCTS MORAL HAZARD PESTS POLICY MAKERS PREMIUMS PREVENTIVE MEASURES PRICE RISK PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRODUCERS PROGRAMS RISK MANAGEMENT RISK MITIGATION SOCIAL INSURANCE SOCIAL WELFARE SOIL QUALITY UNDERWRITING The 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. 2013-06-24T13:57:03Z 2013-06-24T13:57:03Z 2004-09 http://hdl.handle.net/10986/14134 English en_US Policy Research Working Paper;No.3392 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
World Bank |
| building |
World Bank Open Knowledge Repository |
| collection |
Online Access |
| language |
English en_US |
| topic |
ACTUARIAL SCIENCES ACTUARIES ADVERSE SELECTION AGENTS AGRICULTURAL INSURANCE APPLICATIONS ASSURANCE CATASTROPHIC RISKS COINSURANCE COMMODITIES COVERAGE CROP INSURANCE CROP PRODUCTION DEVELOPED COUNTRIES DEVELOPING COUNTRIES ECONOMETRICS EMPIRICAL EVIDENCE EXPERIMENTS FARMS FIRE INSURANCE INCOME INDEMNITY INFORMATION ASYMMETRIES INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE PLANS INSURANCE POLICIES INSURANCE PREMIUM RATES INSURANCE PRODUCTS INSURERS LIVESTOCK PRODUCTS MORAL HAZARD PESTS POLICY MAKERS PREMIUMS PREVENTIVE MEASURES PRICE RISK PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRODUCERS PROGRAMS RISK MANAGEMENT RISK MITIGATION SOCIAL INSURANCE SOCIAL WELFARE SOIL QUALITY UNDERWRITING |
| spellingShingle |
ACTUARIAL SCIENCES ACTUARIES ADVERSE SELECTION AGENTS AGRICULTURAL INSURANCE APPLICATIONS ASSURANCE CATASTROPHIC RISKS COINSURANCE COMMODITIES COVERAGE CROP INSURANCE CROP PRODUCTION DEVELOPED COUNTRIES DEVELOPING COUNTRIES ECONOMETRICS EMPIRICAL EVIDENCE EXPERIMENTS FARMS FIRE INSURANCE INCOME INDEMNITY INFORMATION ASYMMETRIES INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE PLANS INSURANCE POLICIES INSURANCE PREMIUM RATES INSURANCE PRODUCTS INSURERS LIVESTOCK PRODUCTS MORAL HAZARD PESTS POLICY MAKERS PREMIUMS PREVENTIVE MEASURES PRICE RISK PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRODUCERS PROGRAMS RISK MANAGEMENT RISK MITIGATION SOCIAL INSURANCE SOCIAL WELFARE SOIL QUALITY UNDERWRITING Goodwin, Barry K. Mahul, Olivier Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts |
| relation |
Policy Research Working Paper;No.3392 |
| description |
The 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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Goodwin, Barry K. Mahul, Olivier |
| author_facet |
Goodwin, Barry K. Mahul, Olivier |
| author_sort |
Goodwin, Barry K. |
| title |
Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts |
| title_short |
Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts |
| title_full |
Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts |
| title_fullStr |
Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts |
| title_full_unstemmed |
Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts |
| title_sort |
risk modeling concepts relating to the design and rating of agricultural insurance contracts |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/14134 |
| _version_ |
1610776523793498112 |