AGRICULTURE INSURANCE SERVICE BUSINESS IN NEPAL

Rojan Karki (), Arun Gc, Krishna Prasad Timsina and Aarati Ghimire
Additional contact information
Rojan Karki: Himalayan College of Agricultural Sciences and Technology (HICAST), Purbanchal University, Nepal
Arun Gc: Food and Agriculture Organization (FAO), Lalitpur Nepal.
Krishna Prasad Timsina: Nepal Agriculture Research Council (NARC), National Agricultural Policy Research Centre, Khumaltar, Lalitpur, Nepal.
Aarati Ghimire: Himalayan College of Agricultural Sciences and Technology (HICAST), Purbanchal University, Nepal

Food & Agribusiness Management (FABM), 2024, vol. 5, issue 1, 37-42

Abstract: A study was conducted to assess the agriculture insurance service business in Nepal. Due to the limited number of service providers, a comprehensive census survey was conducted between October and December 2019 in Kathmandu, focusing on the head offices of different insurance companies. The gathered data was coded and analyzed utilizing Microsoft Excel and R-Studio. The study encompassed both descriptive and inferential analyses, leveraging primary and secondary data sources. A Probit model was employed to delve into the sustainability prospects of agriculture insurance, alongside conducting Marginal effect calculations. Key findings revealed that age and education played pivotal roles in the adoption of agriculture insurance. Additionally, three variables—crop weather index, staff mobilization, and interconnection between companies—emerged as highly significant factors. Livestock insurance was recognized for covering a wide range of risks, whereas crop insurance displayed the most extensive array of risks compared to other agricultural insurance practices. Despite its diverse offerings and potential benefits, crop insurance faced challenges in garnering interest from businesses. The study aimed to build upon existing insights within the insurance sector to delineate the conducive environment necessary for the growth and success of agriculture insurance in Nepal.

Keywords: Agriculture; Insurance; Livestock; Peril; Sustainability (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://fabm.org.my/archive/1fabm2024/1fabm2024-37-42.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zib:zbfabm:v:5:y:2024:i:1:p:37-42

DOI: 10.26480/fabm.01.2024.37.42

Access Statistics for this article

Food & Agribusiness Management (FABM) is currently edited by Dr Fridelina Sjahrir

More articles in Food & Agribusiness Management (FABM) from Zibeline International Publishing
Bibliographic data for series maintained by Zibeline International Publishing ( this e-mail address is bad, please contact ).