Kenya Toward a National Crop and Livestock Insurance Program : Summary of Policy Suggestions

World Bank Group

World Bank, Washington, DC

关键词: FLOODING;    INSURANCE PORTFOLIO;    REGULATORY FRAMEWORK;    CATASTROPHIC LOSSES;    FARMER;   

RP-ID  :  105758

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

At the request of the government ofKenya and under its guidance, a team of national andinternational experts conducted an appraisal of differentagricultural insurance options for Kenya.This appraisal, asset out in this document and the accompanying technicalanalysis, lays out the costs and benefits of developinglarge-scale agricultural insurance that involves both thepublic and private spheres.The analysis considers potentialstructures for large-scale agricultural insurance in Kenya,the fiscal cost to the government of Kenya, and the economicbenefits for farmers and pastoralists. In order for it topartner with the private sector to prepare and implement alarge scale agricultural insurance program, the governmentshould consider taking the following next steps.Thegovernment of Kenya may build on there commendations by theProgram Steering Committee to take the lead in formulatinga national policy on agriculture insurance, in cooperationwith county administrations and private insurance companies.The government of Kenya may develop a road map forestablishing the institutions required for large-scaleagricultural insurance programs, with the goal of covering atleast a fifth of Kenya’s agricultural producers. As nextsteps for establishing livestock insurance, the government ofKenya may decide how to integrate the proposed insuranceproduct with other existing protection mechanisms. As nextsteps for crop insurance, the government of Kenya may seekconsultations with agricultural banks and work with privatesector insurers to develop a data audit system acceptable tointernational reinsurers.