Measures of Efficiency of Agricultural Insurance in Italy, Economic Evaluations

Capitanio, Fabian; Pin, Antonio De

doi:10.3390/risks6040126

Cited by 12 publications

(10 citation statements)

References 11 publications

(11 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As per study by Capitanio and De Pin (2018) in Italy, majority of agricultural insurance programs are operated by centralized marketing organizations where premiums are deducted at the source. This means that these centralized marketing organizations deducts crop insurance premiums from the sales revenue owed to farmers and directly pays the premiums to the insurer.…”

Section: Literature Review Capacity Building For Agriculture Insuranc...mentioning

confidence: 99%

Capacity Building for Agriculture Insurance: Lessons From Developed Economies

Kajwang¹

2022

AJA

View full text Add to dashboard Cite

Purpose: Agricultural insurance has been offered in some developed economies for more than a century. In contrast, the sector remains underserviced in low and middle-income economies. Penetration of agricultural insurance exceeds 1 percent in developed economies but in low and middle- income countries, the agricultural insurance penetration is less than 0.3 percent. The gap between the penetration of non–life insurance and agricultural insurance increases as development status decreases. The purpose of this research work is to outline lessons from developed economies on how capacity building for agriculture insurance is done. Methodology: Relevant books references and journal articles for the study were identified using Google Scholar. The inclusion criteria entailed papers that were not over five years old. Findings: The study findings showed that insurance company’ in enveloped economies sell crop insurance policies through financial institutions or cooperatives, which are particularly important in marketing crop hail insurance. It was also found that in the developed economies, there is a national climate change policy as a means of capacity building for agriculture insurance. This policy helps the government to plan for training of staff and policymakers on how to advise farmers to take agricultural insurance. This policy also help in enhancement of the administrative and technical capacity of government institutions responsible for handling climate change related issues that affect agriculture insurance Recommendations: The study recommend policymakers in developing countries to focus on imperfections on the pricing of agricultural insurance products. This will help policymakers designing public support programs aimed at reducing the cost of insurance thus developing insurance products that are attractive and affordable to farmers and financially viable and sustainable for insurers. The study also recommend developing countries to embrace modern insurance pricing approaches that are based on the credibility theory such as the experience-based approach. This approach has been promoted in several developed countries to cover systemic risks because it allows for the adjustment of the expected loss based on additional credible information such as insured losses of other products. The study further recommend developing countries to promote insurer- insured partnerships.

show abstract

Section: Literature Review Capacity Building For Agriculture Insuranc...mentioning

confidence: 99%

Capacity Building for Agriculture Insurance: Lessons From Developed Economies

Kajwang¹

2022

AJA

View full text Add to dashboard Cite

show abstract

“…The studies on financial dynamics cover different topics. In particular, the bibliometric analysis reveals the existence of research about financial risks [42], subsidies [23] and economic dimensions [21]. Furthermore, other studies have identified the main constraints and opportunities related to the investments made by the European Commission to support entrepreneurs and farmers [24,36]…”

Section: Green Cluster: Political Economymentioning

confidence: 99%

Twenty Years of Common Agricultural Policy in Europe: A Bibliometric Analysis

Fusco

2021

Sustainability

View full text Add to dashboard Cite

The last few years have been marked by the increasing attention paid by policymakers to agricultural policies. Within this scenario, the Common Agricultural Policy represents one of the main initiatives developed by the European Commission to enhance the agricultural sector. Academics have actively contributed to the debate through empirical studies in order to evaluate the main strengths and weakness related to the public investments made by the European Commission. However, despite the relevance of the topic, the scientific debate is characterized by a high degree of fragmentation caused by the involvement of academics with different scientific backgrounds. Building on this evidence, this paper aims to contribute to the scientific debate on Common Agricultural Policy through a bibliometric analysis. The findings reveal the existence of three independent and complementary research clusters.

show abstract

“…With the introduction of the Health Check, the topic of risk management in agriculture (and the subsequent public support for the instrument) began to be discussed at the European level (Capitanio and Pin 2018b). In particular, Article 68 of Reg.…”

Section: Risk Management In the Italian Systemmentioning

confidence: 99%

A New Tool for Covering Risk in Agriculture: The Revenue Insurance Policy

Frascarelli

Sarto

Mastandrea

2021

Risks

View full text Add to dashboard Cite

Over the last years, the agricultural sector has faced increasing risks related not only to production activities, but also to climate adversity and a higher frequency of extreme events. These factors, combined with increased price volatility in the markets, have caused greater exposure to risk for farmers. For this reason, risk management in agriculture has taken on an important role within the Common Agricultural Policy. However, in recent years, gradual disaffection of farmers, low penetration of insurance in the arable sector, and a greater need for insurance coverage against market risks have characterised the subsidised risk management system. For all these reasons, starting in 2017, the National Agricultural Insurance Plan has provided new possibilities for covering risks. This paper aims to contribute to the debate on risk management linked to the revenue insurance policy recently adopted in Italy. Using data from the Italian Farm Accountancy Data Network, we simulate the application of the revenue insurance policy with a sample of Italian farms operating in the common and durum wheat sectors. The main findings show that the revenue insurance policy stipulation is, overall, sustainable for both farms and insurance companies.

show abstract

Measures of Efficiency of Agricultural Insurance in Italy, Economic Evaluations

Cited by 12 publications

References 11 publications

Capacity Building for Agriculture Insurance: Lessons From Developed Economies

Capacity Building for Agriculture Insurance: Lessons From Developed Economies

Twenty Years of Common Agricultural Policy in Europe: A Bibliometric Analysis

A New Tool for Covering Risk in Agriculture: The Revenue Insurance Policy

Contact Info

Product

Resources

About