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Book (series)World review of capture fisheries and aquaculture insurance 2022 2022
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No results found.This world review of capture fisheries and aquaculture insurance presents the findings of five regional and four national reports conducted in 2020. An estimated 450 000 fishing vessels worldwide are covered by marine hull insurance. Nearly all of the estimated 67 800 large-scale industrial fishing vessels are covered by marine hull insurance, as well as 50–60 percent of the estimated 430 000 semi-industrial fishing vessels. However, over 95 percent of the 2.3 million motorized small-scale fishing vessels operate uninsured. Most small-scale fishers do not have access to adequate insurance services. Between 2009 and 2019, underwriting experiences in fishing vessel insurance were generally reported as “Good”. What is more, access to accident, life and health insurance services for crew on fishing vessels and small-scale fishers in developing countries has improved in recent years. In 2020, the number of aquaculture insurance policies in force was estimated at over 40 000 worldwide, with China and Indonesia the largest markets for this type of insurance. While large-scale aquaculture producers are well served by the insurance industry, the provision of insurance is inadequate for mediumand small-scale farmers, particularly in Asia. Underwriting experiences for aquaculture stock mortality insurance were reported as “Good” to “Very good” (40 percent), or “Neutral” (36 percent). The insurance industry has consolidated the market and increased profitability in aquaculture insurance. This world review contains information on the capture fisheries and aquaculture insurance market, the prevailing underwriting practices, perils covered, policies in force, risk management and claim handling procedures. Finally, it offers a series of recommendations for increasing insurance service provision to the fisheries and aquaculture industries. -
Book (stand-alone)Report of the workshop on development of aquaculture insurance system for small-scale farmers, Bangkok, Thailand, 20-21 September 2016 2017
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No results found.The regional workshop “Development of Aquaculture Insurance System for Small-scale Farmers” 20–21 September 2016, Bangkok, was joined by participants from China, Philippines, Thailand and Viet Nam. It contains two parts. The first aimed at answering the question, “What would make insurance available for and accessible to small-scale farmers?” The second was focused on exploring potential shrimp insurance schemes. The Workshop achieved the following outcomes: (1) made farmers, farmer advisers, re searchers and academics more familiar with the business and technical requirements of insurers, (2) made insurers become more familiar with the circumstances and needs of farmers, (3) confirmed that insurers continue to view aquaculture as a high-risk industry, (4) highlighted the need to incorporate risk assessment and management in the development of better farm management practices in line with the requirements of insurance, and (5) confirmed the usefulness of bundling financial products in t he development of institutional services for farmers. -
Book (series)Producer demand and welfare benefits of rainfall insurance in Tanzania 2006
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