Natural calamities and subsequent havoc wreaked on agricultural production may cause immense losses to farmers. Not only will farmers be deprived of their livelihoods, but they will also be saddled with the problem of settling their financial obligations for operations and investments. Climate change and unexpected events such as COVID-19 heighten the risks of agricultural production. The destructive impact of droughts, frost, floods, heatwaves, and hurricanes on crops, plantations, livestock, and fisheries has worsened due to climate change, while COVID-19 brought disruptions to agricultural value chains. With such increased risks, farmers are becoming more vulnerable, and food production is under constant threat, endangering national food security.
Agricultural insurance coverage may offer a solution to reducing losses while relieving farmers of risk and maintaining their productive capacity. Agricultural insurance requires both broad and specific technical knowledge from two different sectors: agriculture and finance. Governments can support farmers and entire agricultural value chains in various ways, one of which is the establishment of efficient agricultural insurance systems. Agricultural insurance not only protects farmers from financial collapse but also ensures national food security.
This course is being organized to train a critical mass of individuals on practical explanations of the basic principles and features of agricultural risk and insurance and allow participants to outline the development of new or enhancement of existing systems of agricultural insurance for ensuring food security.
The Asian Productivity Organization developed this course with the support of Dr. Olena Sosenko, Agricultural Risk Management Expert of Switzerland.
Course Instruction
– There are 5 modules in this course. Please start with Module 1 and complete each module in order. – The recommended timeline to complete each module is:
Days 1-3: Module 1 (Agricultural Insurance for Food security) + Quiz 1 Days 4-8: Module 2 (Lines of agricultural insurance) + Quiz 2 Days 9–11: Module 3 (Agricultural insurance operation) + Quiz 3 Days 12–16: Module 4 (Agricultural insurance portfolio management and product development) + Quiz 4 Days 17–20: Module 5 (Global agricultural insurance) + Quiz 5 Day 21: Final Examination
–To confirm your understanding, 5 quizzes are provided. Please answer the questions and check your score for self-evaluation. Please note that the quiz scores have no connection with the final exam results. –It is recommended that you proceed to the next module only after satisfactory completion of the preceding module.–After completing all modules, each participant should take the final exam. Remember that you are only allowed to take the final exam once. Please ensure that you have thoroughly understood all modules before taking the final exam.–After completion of the course the APO e-certificate will be given to participants who score a minimum of 70% on the final examination.
Course Objectives
a. Enhance the knowledge of participants of the principles, mechanisms, and management of agricultural insurance to raise productivity, food security, and farm risk management.
b. Learn about policies on agricultural insurance in member countries and successful models of agricultural insurance and farm risk management.
c. Understand national agricultural risk profiles and insurance models necessary for farming community protection.
Important Notes:
Participants who register to take this course and pass the final examination with a score of 70% or higher will be eligible to receive the APO e-certificate. Please note that the final examination can be taken only once. Therefore, you decide when you choose to take the examination. Please note that the self-assessment quizzes are for your own evaluation and have no connection with the final examination results.