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Examining The Feasibility Of Livestock Insurance In Mongolia
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Book Synopsis Examining the Feasibility of Livestock Insurance in Mongolia by : Jerry Robert Skees
Download or read book Examining the Feasibility of Livestock Insurance in Mongolia written by Jerry Robert Skees and published by World Bank Publications. This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Herders in Mongolia have suffered tremendous losses in recent dzud (winter disasters), with livestock mortality rates of over 50 percent in some locales. This study examines the feasibility of offering insurance to compensate for animal deaths. Such an undertaking is challenging in any country. Mongolia offers even more challenges given the vast territory in which herders tend over 30 million animals. Traditional approaches that insure individual animals are simply not workable. The opportunities for fraud and abuse are significant. Monitoring costs required to mitigate this behavior would be very high. This study focuses on the potential for using the livestock mortality rate at a local level (for example, the sum or rural district) as the basis for indemnifying herders. Applications of index insurance are growing around the world, although no country has so far implemented such insurance for livestock deaths. But few countries have such frequent and high rates of localized animal deaths as does Mongolia, and it is one of the few countries that perform an animal census every year. This concept may therefore be precisely what is needed to start a social livestock insurance program. Just as important, the insurance that is used in Mongolia should not interfere with the exceptional efforts that experienced herders take to save animals during severe weather. Using an individual insurance may, in fact, diminish these efforts. Herders may ask, "Why should I work so hard to save my animals if I will simply be compensated for those that are lost?" Since the index insurance would pay all herders in the same region the same rate, the incentives for management to mitigate livestock losses remain strong. No one would reduce their effort to collect on insurance. Those who increase their efforts during a major event (dzud) would likely be compensated for this effort even though they do not lose livestock. In some cases, they could reasonably expect to receive payments that would compensate for the added effort or the added cost of trying to save their livestock.
Book Synopsis Examining the Feasibility of Livestock Insurance in Mongolia by : Jerry R. Skees
Download or read book Examining the Feasibility of Livestock Insurance in Mongolia written by Jerry R. Skees and published by . This book was released on 2016 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Herders in Mongolia have ...
Book Synopsis Livestock and Aquaculture Insurance in Developing Countries by : Richard A. J. Roberts
Download or read book Livestock and Aquaculture Insurance in Developing Countries written by Richard A. J. Roberts and published by Food & Agriculture Org.. This book was released on 2007 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: A brief introduction to the role of insurance as a risk management mechanism in livestock and aquaculture enterprises, exploring some of the complexities involved in the financial mechanism for risk sharing.
Book Synopsis Environmental Performance Rating and Disclosure China's Green-watch Program by : Hua Wang
Download or read book Environmental Performance Rating and Disclosure China's Green-watch Program written by Hua Wang and published by World Bank Publications. This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes a new incentive-based pollution control program in China in which the environmental performance of firms is rated and reported to the public. Firms are rated from best to worst using five colors-green, blue, yellow, red, and black-and the ratings are disseminated to the public through the media. The impact has been substantial, suggesting that public disclosure provides a significant incentive for firms to improve their environmental performance. The paper focuses on the experience of the first two disclosure programs, in Zhenjiang, Jiangsu Province and Hohhot, Inner Mongolia. Successful implementation of these programs at two very different levels of economic and institutional development suggests that public disclosure should be feasible in most of China. The Zhenjiang and Hohhot experiences have also shown that performance disclosure can significantly reduce pollution, even in settings where environmental nongovernmental organizations are not very active and there is no formal channel for public participation in environmental regulation.
Book Synopsis Economic Aspects of Adaptation to Climate Change Costs, Benefits and Policy Instruments by : OECD
Download or read book Economic Aspects of Adaptation to Climate Change Costs, Benefits and Policy Instruments written by OECD and published by OECD Publishing. This book was released on 2008-05-13 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a critical assessment of adaptation costs and benefits in key climate sensitive sectors, as well as at national and global levels.
Book Synopsis Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation by : Christopher B. Field
Download or read book Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation written by Christopher B. Field and published by Cambridge University Press. This book was released on 2012-05-28 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Intergovernmental Panel on Climate Change Special Report (IPCC-SREX) explores the challenge of understanding and managing the risks of climate extremes to advance climate change adaptation. Extreme weather and climate events, interacting with exposed and vulnerable human and natural systems, can lead to disasters. Changes in the frequency and severity of the physical events affect disaster risk, but so do the spatially diverse and temporally dynamic patterns of exposure and vulnerability. Some types of extreme weather and climate events have increased in frequency or magnitude, but populations and assets at risk have also increased, with consequences for disaster risk. Opportunities for managing risks of weather- and climate-related disasters exist or can be developed at any scale, local to international. Prepared following strict IPCC procedures, SREX is an invaluable assessment for anyone interested in climate extremes, environmental disasters and adaptation to climate change, including policymakers, the private sector and academic researchers.
Author :Intergovernmental Panel on Climate Change Publisher :Cambridge University Press ISBN 13 :1107025060 Total Pages :593 pages Book Rating :4.1/5 (7 download)
Book Synopsis Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation by : Intergovernmental Panel on Climate Change
Download or read book Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation written by Intergovernmental Panel on Climate Change and published by Cambridge University Press. This book was released on 2012-05-28 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extreme weather and climate events, interacting with exposed and vulnerable human and natural systems, can lead to disasters. This Special Report explores the social as well as physical dimensions of weather- and climate-related disasters, considering opportunities for managing risks at local to international scales. SREX was approved and accepted by the Intergovernmental Panel on Climate Change (IPCC) on 18 November 2011 in Kampala, Uganda.
Book Synopsis managing Agricultural Risk at the Country Level by : Olivier Mahul
Download or read book managing Agricultural Risk at the Country Level written by Olivier Mahul and published by World Bank Publications. This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program. A syndicate pooling arrangement protects participating insurance companies against excessive insured losses, with excess of loss reinsurance provided by the government. The fiscal exposure of Government of Mongolia toward the most extreme losses is protected with a contingent credit facility. The insurance program relies on a mortality rate index by species in each local region. The index provides strong incentives to individual herders to continue to manage their herds so as to minimize the impacts of major livestock mortality events; individual herders receive an insurance payout based on the local mortality, irrespective of their individual losses. This project offered the first opportunity to design and implement an agriculture insurance program using a country-wide agricultural risk management approach. During the first sales season, 7 percent of the herders in the three pilot regions purchased the insurance product.
Book Synopsis India in a Globalising World by : Rokkam Radhakrishna
Download or read book India in a Globalising World written by Rokkam Radhakrishna and published by Academic Foundation. This book was released on 2006 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chennamaneni H. Hanumantha Rao, b. 1929, Indian economist; revised version of papers presented at a seminar held at Hyderabad, during 16-17 November 2004.
Book Synopsis Greening the Financial Sector by : Doris Köhn
Download or read book Greening the Financial Sector written by Doris Köhn and published by Springer. This book was released on 2011-12-08 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental finance, particularly energy efficiency and renewable energy (EERE) finance, can and should serve as an interface to other sub-sectors of financial sector promotion such as microfinance, housing finance or agricultural finance. For example, existing clients of financial institutions include small and medium-sized enterprises and households, and these are often suffering from high energy prices or have no access to sustainable energy supply. At the same time, these clients are vulnerable to extreme weather events, and often hit hardest by the impact of climate change. There are many other examples which show that the financial sector has an enormous potential to support “green” investments. In order to tap this potential on a sustainable basis, it is important to have a sound understanding which role financial institutions can and should play. This book provides a blend of well-founded professional and scientific perspectives on the potential of Environmental finance in developing and transition countries.
Book Synopsis Innovative agricultural insurance products and schemes by : Kang, M.G.
Download or read book Innovative agricultural insurance products and schemes written by Kang, M.G. and published by Food & Agriculture Org.. This book was released on 2007 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impact of Climate Change on Livestock Health and Production by : Gangadhar Nayak
Download or read book Impact of Climate Change on Livestock Health and Production written by Gangadhar Nayak and published by CRC Press. This book was released on 2023-01-13 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of 30 chapters contributed by reputed authors covers: Diversification of livestock and crops. Integration of livestock systems with forestry and crop production. Drought and heat wave tolerant varieties. Strategies for reduction of Green House Gases emission from ruminants. Application of GIS and remote sensing technologies. Breeds with inherent genetic capabilities to adapt to climate change. This book also takes into account the climate change adaptation, mitigation practices, and policy frameworks for promotion of sustainable livestock and poultry production. Print and electronic editions not for sale in South Asia (India, Sri Lanka, Nepal, Bangladesh, Pakistan, Afghanistan and Bhutan)
Book Synopsis Contributions to the Economics of Index Based Insurance Schemes by : Matthias Rödl
Download or read book Contributions to the Economics of Index Based Insurance Schemes written by Matthias Rödl and published by Springer. This book was released on 2019-01-22 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Index based insurance schemes can play a vital role in insuring poor people in developing countries against a multitude of risk. However, the concept doesn’t go along without any obstacles. Matthias Rödl provides a theoretical framework of index based insurance schemes and further highlights where the latter distinguishes from a classic indemnity insurance. Thereby, scholars can gain a comprehensive theoretical insight into the topic, while practitioners are enabled to identify and understand fundamental challenges for their project upfront as well as to foster sound solutions.
Book Synopsis The demand for commodity insurance by developing country agricultural producers : theory and an application to cocoa in Ghana by : Alexander Sarris
Download or read book The demand for commodity insurance by developing country agricultural producers : theory and an application to cocoa in Ghana written by Alexander Sarris and published by World Bank Publications. This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author considers the benefit to agricultural producers of commodity price insurance that provides in every year-but in advance of the resolution of production and price uncertainty--a minimum price for a fixed or variable portion of production. Under the assumption that producers do not change their long term production and income diversification pattern, the author suggests a theoretical framework that leads to explicit formulas of the benefit in providing this type of insurance. He shows that this benefit depends not only on the actuarially fair insurance premium, but also on household-specific factors that depend on the attitudes to risk, the consumption smoothing parameters, and the household-specific exposures to income risks. The author applies the theoretical framework for Ghana, using the Ghana Living Standards Survey data to specify various classes of cocoa-producing households and monthly price data for both domestic and international prices, to formulate appropriate models for ascertaining price risks faced by producers. The author gives empirical estimates of the actuarially fair premium, and shows that they are smaller than market-based put option prices from organized exchanges. The overall benefit in providing minimum price insurance to households, however, turns out to be substantially higher than the actuarially fair premiums and the market-based put option prices. This is due to both the magnitude of the uncertainties facing the households, as well as their risk and consumption smoothing behavior.
Book Synopsis Commodity Risk Management by : Geoffrey Poitras
Download or read book Commodity Risk Management written by Geoffrey Poitras and published by Routledge. This book was released on 2013-03-05 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity Risk Management goes beyond just an introductory treatment of derivative securities, dealing with more advanced topics and approaching the subject matter from a unique perspective. At its core lies the concept that commodity risk management decisions require an in-depth understanding of speculative strategies, and vice versa. The book offers readers a unified treatment of important concepts and techniques that are useful in applying derivative securities in the management of risk in commodity markets. While some of these techniques are well known and fairly common, Poitras offers applications to specific situations and links to speculative trading strategies - extensions of the material that not only are hard to come by, but helpful to both the academic and the practitioner. The book is divided into three parts. The first part deals with the general framework for commodity risk management, the second part focuses on the use of derivative security contracts in commodity risk management, and the third part deals with applications to three specific situations. As a textbook, this book is designed to appeal to classes at a senior undergraduate/MBA/MA levelof training in Finance, financial economics, actuarial science, management science, agriculturaleconomics and accounting. There will also be interest for the book as: a monograph for research libraries, a handbook for individuals working in the commodity risk management industry, and a guidebook for those in the general public interested in topics like farm risk management or the assessment of hedging practices of publicly-traded commodity producers.
Book Synopsis Handbook of Hazards and Disaster Risk Reduction by : Ben Wisner
Download or read book Handbook of Hazards and Disaster Risk Reduction written by Ben Wisner and published by Routledge. This book was released on 2012-03-29 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook provides a comprehensive statement and reference point for hazard and disaster research, policy making, and practice in an international and multi-disciplinary context. It offers critical reviews and appraisals of current state of the art and future development of conceptual, theoretical and practical approaches as well as empirical knowledge and available tools. Organized into five inter-related sections, this Handbook contains sixty-five contributions from leading scholars. Section one situates hazards and disasters in their broad political, cultural, economic, and environmental context. Section two contains treatments of potentially damaging natural events/phenomena organized by major earth system. Section three critically reviews progress in responding to disasters including warning, relief and recovery. Section four addresses mitigation of potential loss and prevention of disasters under two sub-headings: governance, advocacy and self-help, and communication and participation. Section five ends with a concluding chapter by the editors. The engaging international contributions reflect upon the politics and policy of how we think about and practice applied hazard research and disaster risk reduction. This Handbook provides a wealth of interdisciplinary information and will appeal to students and practitioners interested in Geography, Environment Studies and Development Studies.
Book Synopsis Animal Science Reviews 2011 by : David Hemming
Download or read book Animal Science Reviews 2011 written by David Hemming and published by CABI. This book was released on 2012-01-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: & Quot;Animal Science Reviews 2011" provides scientists and students in animal science with timely analysis on key topics in current research. Originally published online in CAB Reviews, this volume makes available in printed form the reviews in animal science published during 2011.
