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agricultural insurance
Agricultural insurance was more widespread in Latin America and other developing regions of the world during the 1960s and 1970s.
      
Agricultural insurance is a complex and difficult product to deliver in a sustainable manner.
      
At present in Latin America, the volume of agricultural insurance premiums is a miniscule share of total insurance premiums.
      
Because agricultural insurance is such a tiny fraction of the total policies, many supervisors are not knowledgeable about this specialty market.
      
It extracts lessons learned from experiences of selected countries with more developed agricultural insurance markets.
      
In the region, the agricultural insurance market is nascent but there are encouraging signs.
      
In developing agricultural insurance markets, the role of governments is crucial.
      
Much work remains to be done to further develop agricultural insurance in Latin America and the Caribbean.
      
The challenge is how to overcome obstacles and deliver efficient and sustainable agricultural insurance products.
      
 

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