Agricultural Microinsurance: Global Practices and Prospects

This book has been written for people who would like to know how agricultural insurance could play a role in improving the livelihoods of the rural poor. It will be useful for development agents such as donors, development banks and development workers in NGOs, co-operatives, credit unions and microfinance institutions (MFIs). It is written for a reader who has no prior knowledge of insurance.

The first chapter introduces the principles of insurance. The second chapter presents four agricultural microinsurance case studies – three case studies, India, Burkina Faso and Vietnam, are examples of livestock insurance and fourth case study looks at an index insurance scheme in the Ukraine. The third chapter summarizes a comprehensive literature survey to establish what kinds of agricultural microinsurance products exist worldwide, and how they function. The fourth and final chapter discusses whether, given all the challenges, agricultural microinsurance can play a role in improving the livelihoods of the rural poor. The chapter concludes by looking at what kinds of microinsurance interventions are most likely to succeed in improving rural livelihoods.

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