This manual presents theoretical concepts and applied methods commonly used for actuarial processes in agriculture insurance. Actuarial processes refer to the activities that establish insurance premium rates and related quantitative analyses. Key considerations for designing agriculture insurance programs are presented. In addition, the infl uence of program design on data requirements and the use of statistical methods for establishing insurance premiums are illustrated. The presentation presumes that readers have a solid understanding of basic statistics principles. The level of knowledge...

Agriculture in Rwanda accounts for one-third of Rwanda’s GDP; constitutes the main economic activity for rural households (especially women) and remains the main source of income. Today, the agricultural population is estimated to be a little less than 80% of the total population. The sector meets 90% of the national food needs and generates more than 70% of the country’s export revenues. (Source: Rwanda Development Board). Much of the agricultural land is rain-fed, with little or no irrigation available. This is exacerbated by the fact that more than 68% of Rwandan land is on hillsides with...

Jamaica faces a variety of natural hazards and, on a combined-hazard basis, is among the most vulnerable countries in the world . It lies in the center of the Atlantic hurricane belt, on a complex area of the northern Caribbean Plate margin, and is subject to tropical rainfall and erosion processes. Agriculture in Jamaica is vulnerable to various risks ranging from extreme winds, extreme rain and droughts . However, a large part of the agricultural sector, including large integrated supply chains as well as small farmers, is absorbing all the climate risks, without any risk out-transfer...

Argentina’s agriculture sector is very vulnerable to weather risks. For instance, cotton in the Chaco Province - the most important cotton producing area in Argentina and the third poorest province - is very exposed to drought, excess rainfall and pests. Similarly, cattle-rearing in South West Buenos Aires Province is very exposed to droughts which impact severely on pasture production. In 2011, the Government of Argentina through the Ministry of Agriculture, Livestock and Fisheries (MAGyP), requested the World Bank to conduct a feasibility study for the development of a suitable index-based...