Risk transfer to (re)insurance and capital markets is the standard approach to manage agricultural production risks

 

With a premium volume of US$30.8 billion in 2017, agricultural insurance has become a major line of business in many markets globally. 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. The book Agricultural Risk Transfer summarises all concepts to transfer crop, livestock, aquaculture and forestry risk and includes comprehensive case studies from the industry and an overview of data bases that support risk modelling.

 
 
 
While learning by doing has largely been the main approach for all stakeholders in our industry, the
systematic methods provided in Agricultural Risk Transfer form a common standard for risk transfer of crop, livestock, forestry and aquaculture assets in developed as well as in emerging markets
— Arnaud de Beaucaron, President of International Association of Agricultural Production Insurers (AIAG) & Dr Thomas Zacharias, President of the National Crop Insurance Services (NCIS)