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Hohl, Roman Marco

Agricultural Risk Transfer: From Insurance to Reinsurance to Capital Markets

Hohl, Roman Marco - Agricultural Risk Transfer: From Insurance to Reinsurance to Capital Markets, ebook

168,15€

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ISBN: 9781119345657
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Gain a holistic view of agricultural (re)insurance and capital market risk transfer

Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets.

Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks.

Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment.

  • Describes agricultural production risks and risk management approaches
  • Covers risk transfer of production and financial risks through insurance and financial instruments
  • Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products
  • Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems
  • Become familiar with risk transfer concepts to reinsurance and capital markets
  • Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies

Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.

Keywords:

Agricultural risk; agricultural risk transfer; what is agricultural risk; what is agricultural risk transfer; what is agricultural insurance; agricultural insurance; agriculture insurance; production risk; financial risk; crop insurance; livestock insurance; aquaculture insurance; forestry insurance; weather index insurance; weather insurance; multiperil crop insurance; hail insurance; parametric insurance; cat bond; insurance-linked securities; agricultural reinsurance; capital market risk transfer; weather perils; livestock diseases; aquaculture diseases; actuarial modelling; catastrophe risk modelling; sovereign risk transfer; risk transfer for agribusinesses; disaster; disaster risk finance; rural development; private-public partnership; Agricultural Risk Transfer; Roman Hohl

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2019
Language
en
Edition
1
Series
Wiley Finance
Page amount
440 pages
Format
Ebook
eISBN (ePUB)
9781119345657
Printed ISBN
9781119345633

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