Agricultural Risk Transfer : From Insurance to Reinsurance to Capital Markets

Cover -- Title Page -- Copyright -- Contents -- Foreword -- Introduction -- Overview of Chapters -- Acknowledgements -- Special Thanks -- Chapter 1 Agricultural Markets and Risk Management -- 1.1 Introduction -- 1.2 Trends and Challenges in the Agricultural Sector -- Rising Demand -- Challenged Supplies -- 1.3 Risk Management in Agriculture -- Risk Management Strategies -- Market Risk Management -- Production Risk Management -- Farm Risk Management -- Supply Chain Risk Management -- Government Risk Management -- Bibliography -- Chapter 2 Concepts of Insurance -- 2.1 Introduction -- 2.2 Global Insurance Market -- Overview of Global Markets -- Agricultural Insurance -- 2.3 Key Concepts of Insurance -- Definition of Insurance -- Risk Terminologies -- Insurance Risk Management Frameworks -- Key Components of an Insurance Policy -- Liability Management -- Insurance Operations -- 2.4 Actuarial Insurance Pricing -- Pricing Approaches -- Adjustment of Historical Claims Data -- Schedule Rating -- Experience Rating -- Exposure Rating -- Catastrophe Risk Modelling -- Main Modules of Catastrophe Models -- Catastrophe Modelling for Agricultural Risks -- Bibliography -- Chapter 3 Agricultural Perils and Risk Modelling Concepts -- 3.1 Introduction -- 3.2 Overview of Main Perils for Agriculture -- Classification of Perils -- Natural Disasters and Agriculture -- Climate Variability and Agriculture -- 3.3 Drought -- Types of Drought -- Drought Losses -- Drought Indices -- Drought Models -- Examples of Open Source Drought Data -- 3.4 Flood -- Types of Floods -- Flood Losses -- Flood Models -- Examples of Open Source Flood Information -- 3.5 Hail -- Hail Formation -- Measurement of Hail -- Hail Damage to Crops -- Hail Models -- 3.6 Frost -- Types of Frost -- Frost Damage to Crops -- Frost Models -- 3.7 Snow -- Definition and Measurement of Snow.