Purpose – The purpose of this paper is to demonstrate how an organized framework for risk management called Risk Navigator SRM© can be practically applied to common risk management problems. Design/methodology/approach – The program makes complex risk principles easier to understand and...

Purpose – China frequently suffers from weather-related natural disasters and weather risk is recognized as a source of wide-spread systemic risk throughout large swaths of China. During these periods farmers' crops are at risk and for a largely poor population few can afford the turmoil to...

Purpose – The purpose of this paper is to examine the efficiency of current subsidized crop insurance products (SCIPs) in Miyun county, in northern China, by testing the existence of adverse selection. Design/methodology/approach – The authors examine the efficiency of SCIPs from a farmers'...

Purpose – The purpose of this paper is to explain the factors affecting crop insurance purchases by farmers in Inner Mongolia, China. Design/methodology/approach – A survey of farmers in Inner Mongolia, China, is undertaken. Selected variables are used to explain crop insurance purchases,...

Purpose – The purpose of this paper is to examine the efficiency of current subsidized crop insurance products (SCIPs) in Miyun county, in northern China, by testing the existence of adverse selection. Design/methodology/approach – The authors examine the efficiency of SCIPs from a farmers'...

Purpose – The purpose of this paper is to demonstrate how an organized framework for risk management called Risk Navigator SRM © can be practically applied to common risk management problems. Design/methodology/approach – The program makes complex risk principles easier to understand and...

Purpose While crop insurance ratemaking has been studied for many decades, it is still faced with many challenges. Crop insurance premium rates (PRs) are traditionally determined only by point estimation, and this approach may lead to uncertainty because it is sensitive to the underwriter’s...