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Fisheries insurance programmes in Asia: experiences, practices and principles.











Hotta, M. Fisheries insurance programmes in Asia: experiences, practices and principles. FAO Fisheries Circular. No. 948. Rome, FAO. 1999. 54p.


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    Development of a credit and insurance programme for small-scale fisheries in the Philippines 2022
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    Small-scale fisheries (SSF) make an important contribution to nutrition, food security, sustainable livelihoods, and poverty alleviation in the Philippines. The Agricultural Credit Policy Council (ACPC) with support from the Asia and Pacific Rural and Agricultural Credit Association (APRACA) and FAO implemented a project from 2020 to 2021 to analyse and improve the availability of financial services to SSF in the Philippines. This circular describes the steps taken by the project implementing agencies and partners in the development of a credit and insurance programme for small-scale fisheries. The document summarizes the project’s achievements and includes information about its outputs, such as training materials, a list of stakeholders and the established network. The project identified the main stakeholders involved in the financial service provision to SSF. The team then surveyed and analysed the current supply of financial and insurance services as well as the demand for such services by fishers and fisherfolk organizations. Based on the survey results, ACPC developed training materials, which follow a train-the-trainer approach. Trainings were conducted in November 2021 for representatives from government organizations, non-governmental organizations (NGOs), financial institutions (both public, private and microfinance institutions) and fisherfolk organizations. The trainings covered business development services for the SSF and the processes used by financial institutions to supply financial services to SSF. ACPC and APRACA established a network of stakeholders interested in exchanging experiences and increasing financial service provision to SSF. The PhilNet SSF network was launched on 29 November 2021. Eighteen institutions participated in 2021 in the network, demonstrating a wide interest in engaging on the subject. Several financial sector stakeholders involved in the project have made efforts to increase their financial services provision to SSF. The project laid the groundwork for further improving financial and insurance services provision to SSF in the Philippines.
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    Report of the Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia, Bangkok, Thailand, 7-9 May 2019
    Bangkok, Thailand, 7-9 May 2019
    2019
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    The Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia was held in Bangkok, Thailand in the period 7-9 May 2019. Rural finance, insurance and fisheries experts from Bangladesh, China, India, Indonesia, Japan, Philippines, Thailand, UK, Canada and the USA met to discuss ways to improve the access to financial services for small-scale fishers in Asia. The workshop aimed to discuss successful finance and insurance programmes in Asia for small-scale fishers, finalize practical guidelines in support of better access to financial services, and design a capacity building programme for increasing the provision of finance and insurance services to small-scale fisheries. The workshop was attended by 32 experts and was organized by the Asia-Pacific Rural and Agricultural Credit Association (APRACA) in close collaboration with FAO. The insurance and credit guidelines prepared will facilitate the implementation of the Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Poverty Eradication and Food Security (SSF Guidelines), as well as contribute towards achievement of Sustainable Development Goal 14. Access to finance and insurance services will enable the small-scale fishers to invest in more responsible fishing operations and technologies, reduce overfishing, contribute to fisheries management and implement climate change adaptation measures. The micro-finance, credit and insurance guidelines for small-scale fisheries have been endorsed by APRACA members in June 2019, and implementation throughout the Asian region is promoted.
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    Rural household vulnerability and insurance against commodity risks
    Evidence from the United Republic of Tanzania
    2007
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    This report has two objectives. It assesses the nature and the extent of vulnerability among rural households in Tanzania with a particular focus on smallholder cash crop growers through exploring all risks, including the decline in commodity prices. It further explores the potential role for market based insurance schemes such as commodity price and weather based insurance to mitigate household vulnerability. The empirical analysis is based on two rounds of specifically designed r epresentative surveys of farm households in Kilimanjaro and Ruvuma, two cash crop growing regions in the United Republic of Tanzania in 2003 and 2004. The contrasting experiences of a richer (Kilimanjaro) and a poorer (Ruvuma) region substantially enriches the policy guidance emerging from the report. The report applies descriptive, econometric and contingent valuation techniques to achieve its objectives. The findings identify drought, health and commodity price shocks as the key risks faced by rural households in Kilimanjaro and Ruvuma. The welfare losses associated with these shocks are substantial. Households extensively use self and mutual insurance to cope with these shocks, but nonetheless, there remains substantial uninsured risks as indicated by the considerable stated demand for coffee and weather based insurance which could have important societal benefits. The latent demand for insurance further suggests that current ways of coping may not be eff icient and that there may be important economic opportunities which insurance could open up. Liquidity constraints emerge as important impediments in adopting such market based insurance schemes. Great care will need to go into the design and institutional delivery mechanisms of market based insurance. The establishment of interlinked markets such as input, credit and insurance packages deserves special attention in this regard. Finally, other, more traditional, public intervention s such as providing public health services, fostering connectivity and access to off-farm employment, and better water management techniques were also identified as promising household vulnerability reducing interventions.

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