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The objective of this Working Group is to promote the wider use of agricultural insurance - crop and livestock - in developing countries as a modern financial risk management instrument that can protect assets, facilitate rural poverty reduction, enhance farm investment and productivity, and increase financial deepening.
NewsThe Working Groups have met beginning of June in Königstein near Frankfurt and have reviewed their strategy and activities. The report is being finalised and will be published end of September.
The 'Annotated Bibliography: Microinsurance aspects in agricultural insurance´ has been updated in March 2010 and was first published in 2006. The documents are organised by year of publications and if available online, links are provided to download.
The bibliography is available on the Munich Re Foundation website
Annual workplanThis Working Group is working on following activities in 2010:
- Exchange of information about activities related to agricultural insurance between Working Group members;
- Prepare and publish a report on minimal conditions needed for effective implementation of area yield and parametric insurance products;
- Prepare and publish a report on How to Overcome Data Limits in the Design of Agricultural Insurance Products;
- Update the online inventory of agricultural insurance projects from 2008.
Past activitiesIn 2008, an Inventory of Agricultural Insurance Projects was compiled and posted on the Munich Re Foundation website.
The Ford Foundation hired the Microinsurance Centre to undertake a landscape survey on agriculture microinsurance, and develop a website of resources consisting of relevant agricultural insurance papers and links to expertise on agricultural insurance in developing countries.
The paper suggested future projects that could be undertaken by the Agriculture Insurance Working Group, undertaken by IFAD (The International Fund for Agricultural Development):
- Case Studies of twelve Experiences Introducing Weather Index Insurance;
- Evaluation of Sustainability and Scalability of Weather Index Insurance.
Mode of operationsThe Working Group:
- Holds quarterly meetings (in person and/or virtual);
- Maintains an electronic bulletin board or Wiki page on activities of each members projects as well as relevant information on other developments in agricultural risk management;
- Is structured in sub committees of 3-4 persons will form around each major work topic and be responsible for mobilising necessary resources and delivering final product.
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