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Book (series)Review of the current state of world aquaculture insurance 2006
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Due to the rapidly changing production processes in aquaculture worldwide (e.g. submergible cages, sea ranching, intensification, aquaponics and recirculation systems), which sometimes increase vulnerability to disease outbreaks and which generally require large investments from aquaculturists, over the last decades the demand for insurance to share and cover the risks involved has increased significantly within the aquaculture sector. Risk management is increasingly gaining attention within the aquaculture sector, which is reflected in the development and increasing implementation of Better Management Practices (BMPs), Codes of Conduct and Codes of Good Practice, Standard Operational Procedures, certification and traceability. Aquaculture insurance is one of the tools used in aquaculture risk management, but there is considerable ignorance within the aquaculture industry about its availability, the process of obtaining insurance cover, especially on aquaculture stock mortality, and th e constraints to insurers providing its services. A review study was carried out in early 2005 and covered the main aquaculture-producing countries worldwide. Seven syntheses (China, Asia, Europe, North America, South America, sub-Saharan Africa and Oceania) were prepared, discussing the specificities of their situation with regard to aquaculture insurance. A summary of the syntheses was made, together with conclusions and clear recommendations at various levels to increase the contribution of aquaculture insurance to the sustainable management and development of the aquaculture sector. Some of the main conclusions of the review study are the following: the demand for aquaculture insurance has never been as high as it is now; there is a widening gap between the demand for and supply of aquaculture insurance in the world; the number of aquaculture insurance policies in force is estimated at around 8 000 worldwide; some regions (sub-Saharan Africa, South America and large parts of Asia) are barely covered by aquaculture insurance services; aquaculture insurance policies in force in Asia are generally of the “named perils” type, while those in other regions are often of the “all risks” type; while the range of species and culture systems covered under aquaculture policies worldwide is diverse, many insurers only focus on a small number of traditional aquaculture species and are reluctant to include “new” species and culture systems; reinsurance possibilities are important both for introducing aquaculture insurance activities in a country and for developing and disseminating the service; the underwriting experiences of aquaculture insurance companies largely differ among companies and regions and from year to year; since the start of the new millennium it seems that experiences are improving and that aquaculture insurance activity is becoming profitable; mutual insurance schemes in aquaculture are still insignificant; the lack of enabling policies and regulatory framew orks for aquaculture and fisheries insurance is negatively affecting the development of insurance services and the sustainable development of the aquaculture sector; and asymmetric information, moral hazard and adverse selection remain among the major constraints to undertake aquaculture insurance activities for international and national insurance companies, which negatively influence the results of new entrants in the aquaculture insurance sector during the first few years of business. -
Book (stand-alone)Current fisheries and aquaculture policies relevant to RFLP in Viet Nam
Regional Fisheries Livelihoods Programme for South and Southeast Asia. (GCP/RAS/237/SPA)
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No results found.The Fisheries sector is significant contribution to the economy of Vietnam, the export value in 2008 was US$ 4.509 billion. The fisheries and aquaculture sectors have expanded rapidly over the past decade, with aquaculture production rising from 1,202,500 to 2,430,944 tonnes over the period from 2004 to 2008, with more than 1.3 million MT tons of Pangasius and 450,000 MT of brackish and freshwater shrimp and prawn. Fisheries production in 2008 was about 2,134 thousand tons, of which marine captu re contributed 1,937 thousand tons. The natural resources, particularly inshore fisheries are considered to be over-exploited with many high valued fish resources having declined to low levels. The number of vessels has increased continuously without control since 1980. This leads to increased competition in inshore areas. In order to earn a living, fishermen use many destructive fishing gears and bad practices including smaller mesh sizes than required, other destructive fishing methods like el ectricity, poisons, dynamite. As a result, fish of all sizes are captured, including young and fingerling fish. In recent years, the Government of Vietnam has enacted many policies to support the aim of sustainable development, and poverty reduction while protecting natural resources. To reduce fishing pressure in coastal areas, many programs have been promoted by the Government including offshore fisheries, aquaculture development, services on sea development and infrastructure development. The offshore fishing vessels under Government’s offshore fishing program are supported by a credit scheme for boat construction, upgrading of fishing vessels and offshore fishing services. Considered one of the major alternative activities to diversify income for coastal communities, the aquaculture sector has received increasingly strong support under Government of Vietnam policy over the past 20 years. The main focus has been on the establishment of infrastructure for aquaculture development, and to convert saline paddy fields, low lying land, land used for salt production, flooded land and other unproductive land to aquaculture. In addition Government policy has supported fishers and farmers in isolated areas through credit schemes. Micro-finance is conducted through the Vietnam Bank for Agriculture and Rural Development (VBARD), the Commercial Investment Bank (CIB) and the Bank for Social Policy (BSP). BSP mainly provides subsidized loans to poor households, while VBARD and CIB make l arge loans to enterprises. These policies have supported fishermen investing in pond construction, buying of equipment, seed, feeds and other items. To protect natural resources and bio-diversity the following activities have been implemented: Fishing licensing, control of productivity in specific marine areas, protection of rare and precious species that are in danger of extinction, restocking to enhance breeding population size and density, protection of aquatic habitats, and rehabilitation an d protection of fisheries resources etc. Co-management is considered as a potential tool for sustainable utilization of fisheries resources in Vietnam, particularly for small-scale fisheries. In Vietnam, co-management has recently been included in many policy instruments and pilots are in operation in Vietnam with varying degrees of success. Vietnam has set up and is continuously improving the law, regulations and standards on conditions for food safety, environment and animal health protection , which meets most of the provisions, articles for technical barriers to trade (TBT) and Sanitary and Phyto-Sanitary (SPS) measures on food quality and safety of fish and fishery products, from aquaculture to processing and trading of fish and fishery products. The assurance of food safety needs requires the use of a systematic approach from raw material production, handling, processing, preservation and distribution of fish and fishery product to the customers. Over last 20 years, the Vietnam g overnment has enacted many policies to improve safety and reduce vulnerability for fishing communities such as policies on improving safety for fishermen and fishing boats at sea, support of radio communication devices for owner of fishing boats, support to fishermen to overcome natural risks at sea, support to protecting and reduce the affects of natural calamities at sea, insurance support for vessels and fishers, establish anchorages and storm shelters, and establishment of information networ ks on sea and islands, etc. -
Book (stand-alone)Review of the current state of world capture fisheries insurance 2009
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No results found.This publication provides an overview of the current status of capture fisheries insurance in the world. It presents the findings of a number of regional and national review desk studies carried out between December 2006 and January 2008 covering China, Japan and India in Asia, Europe, Africa, the United States of America in North America, South America, Oceania and the Russian Federation. A summary synthesis of the studies is included along with information about the insurance marke t, demand and supply issues, perils covered, vessels insured, risk management methods applied and underwriting experiences. It contains conclusions and practical recommendations for improvement of capture fisheries insurance services and for increasing access to and availability of fisheries insurance for small- and medium-scale fishers in developing countries.
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