Agricultural Risk Transfer

Introduction

This book is written for practitioners and researchers in agricultural development, risk transfer and risk management and aims to close the knowledge gap between mature and developing agricultural markets as well as between practitioners and academia. Agricultural Risk Transfer brings together the most important concepts and methods, from the fundamentals to specific products and modelling techniques, and demonstrates their applications through case studies from the industry.

This book has been a nearly two-year project, one that started on the suggestion of the (re)insurance industry to discuss the current risk transfer theory with practical examples. Based on the encouragement from (re)insurers, international development agencies and those in academia, and given that agricultural insurance is one of the fastest growing specialty lines, I started developing an outline for Agricultural Risk Transfer.

OVERVIEW OF CHAPTERS

While all chapters can be read alone, some references are made throughout the book to some of the technical chapters that define key concepts and practices. At the end of each chapter, a list of books and reports is provided for the interested reader.

Each chapter contains examples from the industry and numerical examples to highlight the main risk transfer products, which are intended to illustrate the concepts and methodologies and therefore do not suggest any particular price for the products described. To represent the growth of agricultural ...