Agricultural Risk Transfer – From Insurance to Reinsurance to Capital Markets
John Wiley & Sons Inc (Hersteller)
978-1-119-34566-4 (ISBN)
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Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today's key producing markets.
Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks.
Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment.
Describes agricultural production risks and risk management approaches
Covers risk transfer of production and financial risks through insurance and financial instruments
Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products
Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems
Become familiar with risk transfer concepts to reinsurance and capital markets
Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies
Through Agricultural Risk Transfer, you'll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
DR. ROMAN MARCO HOHL is one of the best-known agricultural reinsurance underwriters in the industry. He has worked on most primary aspects of agricultural risk transfer, including work for reinsurance companies such as Partner Re, Converium and Swiss Re. With these companies, he built agricultural underwriting teams and developed new insurance schemes. He also led the development of agricultural risk models for India and China at the Asia Risk Centre, a leading agricultural risk modelling company which is now part of Risk Management Solutions. Having worked in Singapore for 6 years and been at the forefront of the development of agricultural insurance in China, India and Southeast Asia Dr. Hohl has a deep understanding of the challenges of emerging markets. He has held various advisory appointments, including with the World Economic Forum (food security in Southeast Asia) and the Monetary Authority of Singapore (catastrophe risk assessment). He has also served as adjunct professor and deputy director at the Institute of Catastrophe Risk Management (ICRM) of the Nanyang Technological University in Singapore. He currently supports the industry through advisory mandates including work for the International Finance Corporation (World Bank Group) in developing index- based risk transfer solutions. Dr. Hohl also collaborates with the University of Wisconsin-Madison (USA) and the National University of Singapore on modelling agricultural risks, food security and risk transfer. Roman holds a PhD in Geoscience (Atmosphere) from the University of Fribourg (Switzerland). Research from his PhD thesis was used to develop the first probabilistic hail model for the European insurance industry. He has contributed numerous articles to research journals and the risk transfer media, including television interviews.
Erscheint lt. Verlag | 17.12.2018 |
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Verlagsort | New York |
Sprache | englisch |
Maße | 150 x 250 mm |
Gewicht | 666 g |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika |
Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
ISBN-10 | 1-119-34566-9 / 1119345669 |
ISBN-13 | 978-1-119-34566-4 / 9781119345664 |
Zustand | Neuware |
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