Description

A statutory or private animal insurance scheme protects owners, farmers and keepers against livestock losses caused by disease or epidemics. It reduces the risk of animal losses caused by disease or epidemics and improves their predictability.

Requirements

• Bi- or multilateral trade agreements for transparency and equal reduction of trade barriers
• (Emerging) Insurance industry
• A properly functioning country-wide administration and monitoring system with access to the relevant information and sufficient technical and human capacities for its design, implementation and monitoring
• Clear responsibilities in public authorities
• Close cooperation and knowledge sharing with farmers' organisations
• Close cooperation and knowledge sharing with local advisory services
• Close cooperation and knowledge sharing with research institutions
• Country-wide monitoring of livestock numbers, performance, and the risk of disease (e.g. via an animal health service)
• Properly functioning veterinary and health authorities
• Regulatory framework
• Skilled / specialised personnel to man the respective institutions / provide the respective services
• Training opportunities for public adminstrative staff

Possible Negative Effects

• Farmers neglect precautionary measures