Praise for Agricultural Risk Transfer
"Agricultural Risk Transfer is an outstanding source of technical information combined with real-world experience by a seasoned industry expert and should be in the bookshelf of every professional in the agricultural (re)insurance industry. References to numerous industry case studies and links to opensource data nicely facilitate the understanding of the key concepts." —Dr Lambert Muhr, Head (Agriculture North- and Latin-America), Munich Re (Germany)
"This volume is an important addition to the growing literature on agricultural risk management. It comprehensively synthesizes a host of relevant issues related to both mature and emerging agricultural markets. Agricultural Risk Transfer is a great resource for researchers and students seeking to gain deeper insight into how insurance and other financial instruments can stimulate investment in agriculture by transferring catastrophic risks out of local areas and into global markets." —Prof Barry Barnett, Chair, Department of Agricultural Economics, University of Kentucky (USA)
"Risk transfer is a crucial element of disaster risk finance and an important instrument for the sustainable rural development and financial inclusion. This book summarizes all key concepts of it and comes right in time as the implementation of more agricultural (re)insurance and capital market risk transfer solutions is needed more than ever in the wake of the increasing adverse impact of climate change." —Thomas Kessler, Principal Finance Specialist (Disaster Insurance), Asia Development Bank (Philippines)
"Through its holistic approach and case studies, Agricultural Risk Transfer forms the ideal basis for regulators and government agencies to approach and integrate agricultural risk transfer into national risk management frameworks." —Wang Qi, Director, Agriculture Division, Property & Casualty Department, China Banking and Insurance Regulatory Commission (China)
"Insurance-linked securities offer interesting opportunities for the agricultural sector – this book comprehensively analyses and illustrates how cat bonds, industry loss warranties and other capital market instruments can be applied to agricultural risks." —Dr Hervé Castella, Head of Third-Party Capital, Partner Re (Switzerland)
"A very large portion of people living in extreme poverty have their livelihoods tied to some form of farming and 93% of those living in extreme poverty are in countries that are politically fragile and/or environmentally vulnerable and ill-equipped to help their people when there is a natural disaster. Making matters worse, 94% of the economic losses from natural disasters over 1990–2016 in low- and middle-income countries were uninsured. This 'protection gap' is particularly acute for agricultural insurance. This book provides a comprehensive and thoughtful analysis for the challenges in risk transfer for agriculture and promises to contribute to efforts in closing the protection gap. The chapter on data is outstanding and very useful as we also identified data as a major constraint in providing risk transfer in low- and middle-income countries." —Prof Jerry Skees, Founder, Chief Strategy Officer and Director, Global Parametrics (USA)
