Review Of The Current State Of World Aquaculture Insurance

Risk management is increasingly gaining attention within the aquaculture sector, as reflected in the development and increasing implementation of better management practices, codes of conduct and codes of good practice, standard operational procedures, certification and traceability. Aquaculture insurance is one of the tools used in the management of risks in aquaculture. This publication provides an overview of the current status of aquaculture stock insurance in the world. Seven syntheses covering Asia, China, Europe, North America, Oceania, South America and sub-Saharan Africa show the specificities of the situation with regard to aquaculture stock insurance. The publication also presents a summary of these syntheses, together with conclusions and clear recommendations at various levels to increase the contribution of aquaculture stock insurance to the sustainable management and development of the aquaculture sector.

This world review of capture fisheries and aquaculture insurance presents the findings of five regional and four national reports conducted in 2020. An estimated 450 000 fishing vessels worldwide are covered by marine hull insurance. Nearly all of the estimated 67 800 large-scale industrial fishing vessels are covered by marine hull insurance, as well as 50–60 percent of the estimated 430 000 semi-industrial fishing vessels. However, over 95 percent of the 2.3 million motorized small-scale fishing vessels operate uninsured. Most small-scale fishers do not have access to adequate insurance services. Between 2009 and 2019, underwriting experiences in fishing vessel insurance were generally reported as “Good”. What is more, access to accident, life and health insurance services for crew on fishing vessels and small-scale fishers in developing countries has improved in recent years. In 2020, the number of aquaculture insurance policies in force was estimated at over 40 000 worldwide, with China and Indonesia the largest markets for this type of insurance. While large-scale aquaculture producers are well served by the insurance industry, the provision of insurance is inadequate for mediumand small-scale farmers, particularly in Asia. Underwriting experiences for aquaculture stock mortality insurance were reported as “Good” to “Very good” (40 percent), or “Neutral” (36 percent). The insurance industry has consolidated the market and increased profitability in aquaculture insurance. This world review contains information on the capture fisheries and aquaculture insurance market, the prevailing underwriting practices, perils covered, policies in force, risk management and claim handling procedures. Finally, it offers a series of recommendations for increasing insurance service provision to the fisheries and aquaculture industries.

This publication provides an overview of the current status of capture fisheries insurance in the world. It presents the findings of a number of regional and national review desk studies carried out between December 2006 and January 2008 covering China, Japan and India in Asia, Europe, Africa, the United States of America in North America, South America, Oceania and the Russian Federation. A summary synthesis of the studies is included along with information about the insurance market, demand and supply issues, perils covered, vessels insured, risk management methods applied and underwriting experiences. Providing guidance for the formulation of legal, policy and institutional frameworks in developing countries, it addresses decision-makers at national government levels, as well as international agencies and fisheries sector stakeholders.--Publisher's description.

Offers an overview of the status of capture fisheries insurance in the world. This title presents the findings of many regional and national review desk studies carried out between December 2006 and January 2008 covering China, Japan and India in Asia, Europe, Africa, the USA in North America, South America, Oceania and the Russian Federation.

Disaster risk now presents one of the most serious threats to inclusive and sustainable socioeconomic development. In the People's Republic of China (PRC), the incidence of natural disasters---particularly water-related disasters---are on the rise, resulting in an increased exposure to and vulnerability of the population to disasters. Coupled with anticipated increases in the frequency and intensity of weather-related events due to climate change, the PRC's population is at heightened risk. This review focuses on water-related disasters, including identification of underlying causes, current management and policies to reduce risk, and opportunities for strengthening integrated disaster risk management in the PRC.

These Guidelines are an outcome of a joint FAO, Network of Aquaculture Centres in Asia-Pacific (NACA) and Asia-Pacific Rural and Agricultural Credit Association (APRACA) Regional Workshop on the Promotion of Aquaculture Insurance in Asia, held in Bali, Indonesia, from 30 April to 2 May 2007. The workshop was hosted by the Government of Indonesia, Directorate General for Aquaculture, and attended by policy-makers and international experts from the rural finance, insurance and aquaculture sectors from both the region and elsewhere. The document also contains the Report of the Regional Workshop and two background papers produced for the workshop.

The Asia-Pacific region is remarkably diverse and wide ranging, geographically, in its flora and fauna, culturally, institutionally and economically. The region includes the two most populous countries in the world, China and India, a greater part of the Asian continent, the Australian continent, and many small islands, mostly in the Pacific Ocean, which are some of the smallest island nations in the world. Fisheries and aquaculture are socio-economically important sectors to most nations in the Asia-Pacific region and most nations in the region have high rates of fish consumption, mostly sourced from aquaculture although the small island nations depend to a greater extent on capture fisheries. This review entails analyses of the aquaculture sector in Asia-Pacific including the status and trends, progress made in achieving sustainable development, salient challenges, issues and anticipated future development. Status and trends are based on data extracted from the FAO Fishery and Aquaculture Statistics (FAO, 2020a; FAO, 2020b), unless stated otherwise, and are mostly for the period from 2008 to 2018 and occasionally for the period from 1990 to 2018 for relevant historical comparison and longer-term contextual analyses.

Shellfish Aquaculture and the Environment focuses primarily on the issues surrounding environmental sustainability of shellfish aquaculture. The chapters in this book provide readers with the most current data available on topics such as resource enhancement and habitat restoration. Shellfish Aquaculture and the Environment is also an invaluable resource for those looking to develop and implement environmental best management practices. Edited one of the world's leading shellfish researchers and with contributions from around the world, Shellfish Aquaculture and the Environment is the definitive source of information for this increasingly important topic. View the Executive Summary here: http://seagrant.uconn.edu/publications/aquaculture/execsumm.pdf