Economic analysis of the standard reinsurance agreement

Agricultural Finance Review

ISSN: 0002-1466

Publication date: 1 November 2004

Abstract

An economic analysis is presented of the Standard Reinsurance Agreement (SRA), the contract governing the relationship between the Federal Crop Insurance Corporation and the private insurance companies that deliver crop insurance products to farmers. The paper outlines provisions of the SRA and describes the modeling methodology behind the SRA simulator, a computer program developed to assist crop insurers and policy makers in assessing the economic impact of the Agreement. The simulator is then used to analyze how the SRA affects returns from underwriting crop insurance. The results are presented in aggregate and also at the regional and individual company levels.

Keywords

Citation

Vedenov, D.V., Miranda, M.J., Dismukes, R. and Glauber, J.W. (2004), "Economic analysis of the standard reinsurance agreement", Agricultural Finance Review, Vol. 64 No. 2, pp. 119-134. https://doi.org/10.1108/00214660480001158

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

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