A Practical Guide to Multi-risk Crop Insurance for Developing Countries

Part 1 Introduction: definition, need and benefits of crop insurance; approaches to crop insurance; problems and difficulties. Part II Operating principles and practices: main principle of crop insurance appropriate for newly developing countries; main features of crop insurance contract; essential components of multi-risk crop insurance - determination of coverage; actuarial methods - determination of premiums; examples of premiums and premium payment; loss adjustment and calculation of indemnities; crop insurance reserve; reinsurance. Part III Administration and finance: organization and administration; financing crop insurance schemes; some practical hints on financing crop insurance particularly for beginners.