Crop Insurance as a Risk Management Strategy in Bangladesh

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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; 12
Comments in general: - One policy alone might not be enough, but a multilevel approach so that the system become more robust, i.e. CI in the form of a package rather than just one policy. - A number of participants supported the idea of making Linkage between CI and government bank loan to farmers like making it mandatory for Agri-loan. - At the same time, NGOs practicing microcredit alone can offer microinsurance as well, which may be a more sustainable approach. - CI process should be made easy and understandable - Formation of groups instead of individual policy - Recalling the failure of CI scheme introduced by SBC during 1977-1985, some participants opined that SBC might not be the right authority to offer CI again, but other GO, NGO or private entities. Also CI scheme should not be implemented again without redesigning it. - Provision for including agricultural experts in the process of CI. - Proper statistical analysis at different stages of CI risk assessment should be made, loss assessment should be more scientific rather than ocular method. - Inclusion of Bangladesh Meteorological Department and SPARSO in the risk assessment as well as loss assessment process. - Who will fund or subsidize CI program if implemented, whether there is any possibility of international funding? - Need adequate institutional supports in the field of micro-insurance as well as further research. Figure 2.1 Inception Workshop ( Dr. Mizan R. Khan, Chairman, DESM, NSU; Mr Das Deba Prasad, Managing Director, Delta Life Insurance; Mr. Md. Humayun Kabir, Secretary-in-Charge, Election Commission (immediate-past Managing Director, Sadharan Bima Corporation); Dr. Hafiz G.A. Siddiqi, Vice Chancellor, North South University; Mr Benajir Ahmed, Chairman, NSU Foundation; Dr Mahfuzul Haque, Chief Controller of Insurance, Government of Bangladesh; Mr. Ian Rector, Chief Technical Advisor, CDMP, Ministry of Food & Disaster Management; Mr. Iqbal Ahmed, Managing Director, Podokhep. 13
Page 1: Crop Insurance as a Risk Management
Page 4 and 5: Crop Insurance as a Risk Management
Page 7: Foreword The impacts of global warm
Page 10 and 11: ILO International Labor Organizatio
Page 12 and 13: 3.6 Crop Insurance: some Terminolog
Page 14 and 15: Table 3.6 Advantages and challenges
Page 16 and 17: Figure 6.17 Organizational preferen
Page 18 and 19: Therefore, the main objective of th
Page 20 and 21: can be classified under different r
Page 22 and 23: National Reinsurance Scheme: The pu
Page 25 and 26: 1.1 Statement of the Problem Chapte
Page 27: improving day by day and many of th
Page 30 and 31: Individual or area approach: To det
Page 32 and 33: Availability of Trained Personnel:
Page 34 and 35: FGD was mainly conducted among the
Page 38 and 39: Comments specifically related to me
Page 40 and 41: Figure 3.1: Factors causing variati
Page 42 and 43: than ten times, while the global po
Page 44 and 45: Figure 3.8: Change in Palmer Drough
Page 46 and 47: yielding but drought resistant vari
Page 48 and 49: implement from the perspective of p
Page 50 and 51: Table 3.4: Present status of disast
Page 52 and 53: 3.5 Limitation of Crop Insurance: P
Page 54 and 55: amount is measured by the extent of
Page 56 and 57: Contract (SUC). The premium rate fo
Page 58 and 59: Box 3.1: Examples of Parametric or
Page 60 and 61: Therefore, index products are a bit
Page 62 and 63: 3.10 Crop Insurance Experience at D
Page 64 and 65: 3.11.2 Canadian Experience Crop ins
Page 66 and 67: farmer was 150 percent of the crop
Page 68 and 69: segments of the population often en
Page 71 and 72: Chapter 4: Crop Insurance - Banglad
Page 73 and 74: development of insurance business i
Page 75 and 76: unanticipated catastrophic natural
Page 77 and 78: 1 st stage ……………………
Page 79 and 80: Taka 80,000.00 60,000.00 40,000.00
Page 81 and 82: and requirements of the insurance h
Page 83 and 84: Defining risk-reduction measures by
Page 85 and 86: Chapter 5: Climate Change and Agric
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21 1990 CYCLONE 39 127 171099 24289
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ppmv of CO2 combined with a 4 0 C i
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Crop Damage fully ( acre) 4000000 3
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Table 5.5: Partial listing of cyclo
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Figure 5.7: Monthly mean temperatur
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magnitude or an intense or high mag
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Historical monthly values Mean Stan
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6.1 Field Survey Chapter 6: Crop In
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Son of BoroBari now day labor (Curt
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Figure 6.4: Drought prone regions o
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Figure 6.7: Response to disaster al
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Figure 6.10: Agro-ecological sub-re
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season. Sunamgonj, as Haor region,
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% of farmer % of farmer % of farmer
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6.3 Farmer’s Views on Climatic Ef
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disastrous affect as such mode of l
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disbursement and Insurance Company
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Chapter 7: Summary Findings & Demon
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an incident occurred and farmers we
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Moral hazards: Theoretically moral
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duration of disaster is important h
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increased to 8.51% in 2003. Such a
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- Referring to crop growth models u
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data, for example, can establish an
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particular gauge station can be com
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Figure 7.6 Defined danger level by
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Methodology to develop an index in
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Structuring the Product Once the in
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did not cross the Weather Index val
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methodology, and applicability can
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References Anderson, J. (2001). Ris
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Linnerooth-Bayer, J., Mechler, R. a
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Crop Insurance as a Risk Management Strategy in Bangladesh

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