Crop Insurance as a Risk Management Strategy in Bangladesh

outputs were critically analyzed and presented in a comprehensive manner that might help
deciding CI structure and methodologies.
2.2.3 Development of a Model and structural arrangement for Crop Insurance
application in Bangladesh
� Based on the questionnaire survey, secondary data analysis and discussion with policy
makers and insurance providers a comparison was made matching the demand and
supply sides of crop insurance; the findings in the form of gaps then were reviewed
for final analysis and developing realistic policy recommendations for introducing
crop insurance.
� The draft findings were presented in a Roundtable discussion meeting to incorporate
their inputs.
� A tentative method and structure of Crop Insurance scheme with probable
methodology and organizational structure was proposed.
2.2.4 Identification of stakeholders and their role
Identification of stakeholders at local, regional and national levels (including farmers),
Disaster Management Committees (DMCs), other local government institutions, relevant
private sector entities such as banks and insurance companies, cooperative groups and
associations) was the main purpose at this stage. For the purpose, contacts have been
established with the BIA, SBC, BARC and other relevant institutions/organizations to
describe their particular roles in crop insurance schemes based on discussions & intelligence
gathering. The project team also invested much time to look for the stakeholders involved in
micro and crop insurance schemes or its thinking processes. Before Inception workshop
identification of stakeholders were required to invite people from all sectors who can
contribute to the methodology and later to interview and question them. However, after
fixation of a model for CI, the prospective stakeholders, specifically related to the model CI
application were mentioned and their roles were described.
2.3 Inception Workshop to Finalize Methodology
Once the project team tentatively identified the stakeholders at local, regional and national
levels, a half-day Inception Workshop was arranged inviting all the above mentioned
stakeholders for discussion of the proposed draft methodology for the study, to collect and
incorporate their views and ideas in designing the research outline. At the beginning of the
programme the Team Leader of the CI project introduced the topic and its objective based on
ToR of the project and invited comments and discussion on the topic, specifically on the
methodology of the study. Comments and discussions by the participants are summarized in
the following sections;
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