Making Insurance Markets Work for Farmers in India

dc.creatorMahul, Olivier
dc.creatorVerma, Niraj
dc.date2012-08-13T11:39:46Z
dc.date2012-08-13T11:39:46Z
dc.date2010-11
dc.date.accessioned2026-07-01T01:01:18Z
dc.descriptionIndia's crop insurance program is the world's largest with 25 million farmers insured. Yet 85 million farmer households are not covered. Issues in design, particularly related to delays in claims settlements, explain the low coverage. To address these problems, the World Bank provided actuarial inputs, engaged in policy dialogue, and facilitated the launch of an innovative crop insurance program that will improve equity, risk mitigation, and claims settlement for farmers; provide tools for budget management and agricultural policy for government; and open up the market for public- and private-sector insurers and reinsurers. Initially, the program will be available to an estimated 8 to 10 million farmers, of whom 3 million are expected to participate in the first year with a total sum insured in excess of $1 billion. Over time, this project could be scaled up to be available to India's 110 million farmers. This smart lesson describes lessons learned in developing and implementing the crop insurance program.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2010/11/13914562/making-insurance-markets-work-farmers-india
dc.identifierhttps://hdl.handle.net/10986/10469
dc.identifierhttps://doi.org/10.1596/10469
dc.identifier.urihttp://hdl.handle.net/123456789/414313
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationIFC Smart Lessons Brief
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO FINANCE
dc.subjectADVERSE SELECTION
dc.subjectADVISORY SERVICES
dc.subjectAGRICULTURAL INSURANCE
dc.subjectBANKS
dc.subjectBASIS RISK
dc.subjectBUDGET MANAGEMENT
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL MARKETS
dc.subjectCATASTROPHIC LOSSES
dc.subjectCOVERAGE
dc.subjectCROP FAILURE
dc.subjectCROP FAILURES
dc.subjectCROP INSURANCE
dc.subjectCROP INSURANCE SCHEME
dc.subjectDEBT
dc.subjectDEBTS
dc.subjectDEDUCTIBLES
dc.subjectDISASTER
dc.subjectDISASTER REDUCTION
dc.subjectDISASTER RISK
dc.subjectDISASTERS
dc.subjectEXPOSURE
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL LIABILITY
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFORMAL BANKING
dc.subjectFORMAL BANKING SYSTEM
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKETS
dc.subjectHOUSEHOLDS
dc.subjectINCOME
dc.subjectINDEMNITY
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL CAPACITY BUILDING
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINTERNATIONAL BEST PRACTICE
dc.subjectKEY BENEFITS
dc.subjectKEY CHALLENGES
dc.subjectLANDSLIDES
dc.subjectLENDERS
dc.subjectLOSS RATIO
dc.subjectMORAL HAZARDS
dc.subjectNATURAL DISASTERS
dc.subjectOUTPUT
dc.subjectOUTPUTS
dc.subjectOUTREACH
dc.subjectPORTFOLIO
dc.subjectPREMIUMS
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE REINSURANCE
dc.subjectPROGRAMS
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRATES
dc.subjectREINSURANCE
dc.subjectREINSURANCE CAPACITY
dc.subjectREINSURANCE COMPANIES
dc.subjectREINSURANCE MARKETS
dc.subjectREINSURERS
dc.subjectRESERVES
dc.subjectRISK ASSESSMENT
dc.subjectRISK MITIGATION
dc.subjectRISK PROFILES
dc.subjectRISK TRANSFER
dc.subjectRISK-BASED PRICING
dc.subjectSETTLEMENT
dc.subjectSOCIAL COST
dc.subjectSUSTAINABILITY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectUNDERWRITING
dc.subjectVILLAGE
dc.titleMaking Insurance Markets Work for Farmers in India

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