Risk Modeling Concepts Relating to the Design and Rating of Agricultural Insurance Contracts
Year: 2004
Type: report
Abstract: 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.
Authors: Barry K. Goodwin, Olivier Mahul
Institutions: North Carolina State University, World Bank, World Bank Group
Language: English
Subfield: Soil Science
Domain: Life Sciences
SDG: Zero hunger
Open Access status: green
OpenAlex ID: W2126938643