Claim Adjustments in Korea’s Crop Natural Disaster Insurance

Hyunsung Yoon
ABSTRACT Crop insurance in South Korea has played an important role for stable farm management since 2001 with two crops, apple and pear, as an initial demonstration of insurance. It has been expanded to fifty crops as of 2016. As the number of crops which is covered by agricultural insurance is...
Country: Korea Topic: Agricultural risk management
5,562
83

Security Interests of Crops Against Environmental Uncertainty in Malaysia

Hairazi Rahim, Mohd Tarmizi Haimid, Mohd Amirul Mukmin Abdul Wahab, Mohd Zaffrie Mat Amin
ABSTRACT Environmental uncertainties are externalities part that had been measured in many economic models yet still cannot be estimated in an accurate manner. This resulted in loss of millions of dollars, and in turn affects the household income of the farmers in Malaysia. During the years...
Country: Malaysia Topic: Agricultural risk management
3,627
90

Insurance for Rice Production in the Context of Climate Change Impact in Vietnam

Nguyen Hong Son, Nguyen Thi Phuong
ABSTRACT Vietnam is one of countries predicted to be among the most affected by climate change due to its geographic location, long coastlines, heavy reliance on agriculture, natural resources and forestry. Climate change has a clear impact on all sectors including economic, social and human...
Country: Vietnam Topic: Agricultural risk management
5,410
85

The Performance and Improvement Strategies of Crop Natural Disaster Insurance in Korea

Won-ho Chung
ABSTRACT Crop natural disaster insurance program in Korea has rapidly grown not only in quantity but in quality for 15 years since it was introduced in 2001. Number of agricultural items covered by the program was expanded from two in 2001 to 46 in 2015 and number of participating farmers...
Country: Korea Topic: Agricultural risk management
5,664
77

Explore Government Support Measures and Implications of Crop Insurance from International Experience

Min-Hsien Yang
ABSTRACT Crop insurance is one of the more important branches of agricultural insurance, and because of global climate change, it is becoming more important for the financial wellbeing of the agricultural sectors across many countries. However, because many commercial insurance companies do not...
Country: Taiwan Topic: Agricultural risk management
4,356
85

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