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.
Risk management is increasingly gaining attention within the aquaculture sector, as reflected in the development and increasing implementation of better management practices, codes of conduct and codes of good practice, standard operational procedures, certification and traceability. Aquaculture insurance is one of the tools used in the management of risks in aquaculture. This publication provides an overview of the current status of aquaculture stock insurance in the world. Seven syntheses covering Asia, China, Europe, North America, Oceania, South America and sub-Saharan Africa show the specificities of the situation with regard to aquaculture stock insurance. The publication also presents a summary of these syntheses, together with conclusions and clear recommendations at various levels to increase the contribution of aquaculture stock insurance to the sustainable management and development of the aquaculture sector.
These Guidelines are an outcome of a joint FAO, Network of Aquaculture Centres in Asia-Pacific (NACA) and Asia-Pacific Rural and Agricultural Credit Association (APRACA) Regional Workshop on the Promotion of Aquaculture Insurance in Asia, held in Bali, Indonesia, from 30 April to 2 May 2007. The workshop was hosted by the Government of Indonesia, Directorate General for Aquaculture, and attended by policy-makers and international experts from the rural finance, insurance and aquaculture sectors from both the region and elsewhere. The document also contains the Report of the Regional Workshop and two background papers produced for the workshop.
Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
FAO Fisheries and Aquaculture Circulars This paper reviews the history and status of fishery and aquaculture insurance in China, covering its organization, implementation mechanisms, policy development, performance evaluation, and innovations. The case studies cover capture fisheries and finfish, crab, shrimp and seaweed farming.
Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
Aquaculture Health Management: Design and Operation Approaches is an essential reference for the diverse aquaculture community. With the steadily increasing importance of healthy fish production and the expansion of the animal aquaculture industry to new geographic areas, new microbial and parasitic species with pathogenic potential continue to emerge. The book covers the broad spectrum of fish and shellfish health, the functional roles of pathogen emergence, and the impacts of nutrition and preventative medicine such as pre- and probiotics, as well as chemical treatments, relevant legislation and more. This reference takes a comprehensive approach to understanding overall fish health management, making it valuable to aquaculturists, practitioners in aquatic animal health, veterinarians and all those in industry, government or academia who are interested in aquaculture and fisheries and their sustainable futures. - Presents the biosecurity measures used to prevent the spread of disease - Discusses fish immunology to help readers understand preventive medicine for a healthy fish production - Examines the latest scientific methods and technologies to maximize efficiencies for healthy fish production for farming - Includes the most commonly researched fish, crustaceans and mollusks in aquaculture
Fisheries and aquaculture is a sector of special importance to food security, nutrition and livelihood in the Asia-Pacific Region, which can be significantly impacted by climate changes and related disaster risks. Effectively addressing climate change impacts and managing disaster risks in fisheries and aquaculture sector are vitally important to building resilience of the sector for sustained and greater contribution to Sustainable Development Goals (SDGs) related to ending hunger, poverty eradication and sustainable use of natural resources. FAO member countries in the region have been making good effort and significant progress in addressing climate change impacts and related disaster risks with support of international communities. A FAO regional consultative workshop was convened to bring together a wide range of players including country governments, regional organizations and other partners to share their knowledge and good practices in addressing climate change implications for fisheries and aquaculture in the region, to assess the progress made in addressing issues with marine capture fisheries, inland capture fisheries, coastal aquaculture and inland aquaculture in the context of climate change adaptation and mitigation in implementing the national plan of actions for addressing climate change in fisheries and aquaculture, and to recommend strategies for addressing institutional and capacity gaps in building climate-resilience fisheries and aquaculture industry in the region. The publication is the compilation of the workshop executive report, background technical papers, extended summary of presentations by representatives from participating government and FAO partners, and the workshop conclusions and recommendations.
A joint FAO and World Bank study which shows how the farming systems approach can be used to identify priorities for the reduction of hunger and poverty in the main farming systems of the six major developing regions of the world.
Viet Nam is one of the top producers and exporters of farmed shrimp. More than 80 percent of the total production comes from small intensive farms, which occupy less than 10 percent of the land area devoted to shrimp farming. It is the main source of income for many rural households in the Mekong Delta provinces. This study examines the characteristics of small intensive shrimp farms and socio-economic status of the farm households, and farming practices and performance that are associated with the strategies and preferences for managing production risks. The analysis was based on primary data from a survey of farms raising the whiteleg shrimp (Penaeus vannamei) conducted in Bac Lieu, Ben Tre and Ca Mau provinces from September 2017 to February 2018.