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2006
- handle: 10670/1.w8ws69
- hal: hal-02151824
- doi: 10.1016/j.insmatheco.2006.01.003
- PRODINRA: 35585
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1016/j.insmatheco.2006.01.003
info:eu-repo/semantics/OpenAccess
Mots-clés
insurance crop insurance assurance risque assurance récolte contrat d'assurance risque agricoleSujets proches
Military strategy Policy of insurance Insurance contracts Policies of insurance Insurance--Policies Insurance policies--Law and legislationCiter ce document
Phélippé-Guinvarc'H Martial et al., « A private management strategy for the crop yield insurer : a theoretical approach and tests », HAL-SHS : économie et finance, ID : 10.1016/j.insmatheco.2006.01.003
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Résumé
The agricultural economic literature shows the difficulties of managing insurance contracts that include systemic risk. The aim of this paper is to present an approach for overcoming such difficulties. The approach is applied to a crop yield insurance contract but can be extended to other insurance contracts such as revenue or crop margin ones. The recommended strategy pools risk as common to insurance contracts. Additionally, the strategy transfers the pooled risk to financial markets in order to manage the systemic risks component. The financial market model includes a crop yield futures contract, a price futures contract and a zero-coupon bond. This strategy allows for a risk-free intermediation in insurance contracts with a high systemic risk component.