scholarly journals Insurance principles as a methodological framework for maintenance and growth of insurance relations in agriculture

2017 ◽  
pp. 38-49
Author(s):  
Oleksandr Vilenchuk
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Insurance Coverage ◽  
Insurance Companies ◽  
State Support ◽  
Agricultural Insurance ◽  
Economic Interests ◽  
Agricultural Enterprises ◽  
Fair Balance ◽  
Efficient Distribution

The article emphasizes the necessity of adherence to the insurance principles as a decisive condition for maintenance and growth of mutually beneficial insurance relations in the agricultural sector. It is justified that reconciliation of social and economic interests between parties of the insurance market is based on a framework of principles that serve as guidelines for providing insurance coverage to entrepreneurial entities or individual customers and facilitating the pursuit of insurance / reinsurance activities by insurance companies. With the purpose of streamlining methodologies, the author’s approach to classifying insurance principles is developed. With the aim of striking a fair balance between the property interests of agents and insurance companies, the key insurance principles are divided according to the following three criteria: basic insurance principles; principles that are intended to neutralize financial and economic risks of insurance companies; fundamental principles of agricultural insurance. Given the riskiness of agricultural production, it is found that relations between agricultural enterprises and insurance companies should be built on the following principles: actuarial balance; motivation for insurance protection; maintaining the circulation of current assets of agricultural enterprises; voluntary involvement, accessibility and subsidiarity. Presumably adherence to the above principles will create prerequisites for efficient distribution / redistribution of risks and responsibilities between insurance parties. The need is stressed to practically implement the major principles established in Article 3 of the Law of Ukraine “On peculiarities of agricultural products insurance with state support” of 9 February 2012, which address insurance of agricultural production with state support for efficient interaction between insurers, insured parties and the state. This will guarantee insurance protection of agricultural enterprises, thereby enhancing food safety of the country in space and time.

scholarly journals PROBLEMS OF AGRICULTURAL INSURANCE IN UKRAINE AND WAYS THEIR SOLUTIONS

2020 ◽  
pp. 20-34
Author(s):  
Larysa VDOVENKO
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Insurance Market ◽  
Insurance Companies ◽  
Agricultural Insurance ◽  
Agricultural Producers ◽  
Economic Interests ◽  
Current Trends ◽  
Term Insurance ◽  
High Degree

The article is dedicated to the current trends of the agricultural insurance market in Ukraine. It has been established that for silskogospodarske, in accordance with the specific features and skills of the middling community, the need for a proper insurance business from a variety of derivative businesses in the case of uncomfortable natural businesses of unfair natural businesses. It is established that the risks inherent in agricultural production are systemic and create significant fees for most agricultural producers at the same time, which can lead to large insurance payments, so there is a system of regulation of complex economic processes in agriculture is insurance of agricultural products. The analysis of the legislative and normative protection of insurance claims has been completed. The payments were made, which is one of the important incentives for effective government insurance. The main indicators of insurance activity are analyzed, the development trends of the regions of Ukraine are determined, the problems of insurance and agricultural insurance are considered in the context of the participants in the events. A copy was made for the inexplicable activation of agricultural insurance as a key to the growth of the potential of the agricultural sector of the economy. In addition, the system of agricultural insurance is based on the protection of economic interests of the participants of the insurance companies (insurers, insurance and powers) and the short-term insurance of small losses in the aeronautical spheres. Based on an improved agricultural insurance system, affordability, improving the quality of insurance services, forming an effective insurance market infrastructure, a high degree of trust in insurers by policyholders, diversification of insurance products by special industry, the state's ability to provide real financial support for agricultural production.

scholarly journals Factors influencing and dynamics of the agricultural insurance market

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 42-49
Author(s):  
Nataliya Tanklevska ◽  
Vitalina Yarmolenko
Keyword(s):  
Crop Production ◽  
Agricultural Sector ◽  
The State ◽  
Insurance Market ◽  
Insurance Companies ◽  
Agricultural Insurance ◽  
Agricultural Producers ◽  
Agricultural Enterprises ◽  
Insurance Sector ◽  
Factors Influencing

The article is aimed at identifying modern features of insurance in the agricultural sector of the Ukrainian economy and defining the factors of influence on the agricultural insurance market. The article discloses interpretation of the terms of «insurance» and «agricultural insurance» and also presents the types of possible risks arising in the activities of agricultural enterprises. The performance indicators of leading insurance companies in the field of agricultural insurance are analyzed. The current state and dynamics of insurance of agricultural risks, which arise both in the field of crop production and in livestock, are researched. This will allow predicting the future prospects of the market for insurance services and products, as well as finding possible optimal ways to solve the problems of product insurance, faced by the agricultural producers. The main factors influencing the efficiency of the insurance market in the agricultural insurance sector are allocated. The basic principles of insurance of agricultural products with the State support are analyzed. It is defined that the further development of agricultural insurance should be directed towards creating a profitable and safe environment for all participants in the agricultural market, which provides for the distribution of risks between agricultural producers, processing enterprises, banks, insurance companies and the State. The agricultural insurance of risks creates possibilities for advantageous harmonizing the interests of participants in the agricultural insurance market and the State as a party whose first priority is to ensure stable economic growth.

scholarly journals Legal features of insurance in the agricultural sector

2020 ◽  
pp. 59-63
Author(s):  
O.M. Sadruk ◽  
M.Yu. Pokalchuk
Keyword(s):  
Agricultural Sector ◽  
Legal Regulation ◽  
Agricultural Products ◽  
Insurance Companies ◽  
Index Insurance ◽  
Scientific Article ◽  
State Support ◽  
Agricultural Insurance ◽  
Agricultural Producers ◽  
The Law

The scientific article Sadruk Oksana Mykolayivna on the topic "Legal features of insurance in the agricultural sector" is devoted to the analysis of the features of insurance of agricultural products. The paper examines such concepts as "agricultural insurance", "risk in agricultural production", "index insurance of agricultural products" and others. The current state of development of agricultural insurance in Ukraine is analyzed, and such characteristic features of modern agricultural insurance as insufficient legal regulation of insurance relations in the agricultural sector are identified; low popularity of insurance among agricultural producers, which is caused by distrust of agricultural producers to insurance companies; insufficient state support for agricultural insurance in the country; insufficient supply from insurance companies and others. In addition, the authors studied the law "On the features of insurance of agricultural products with state support", namely the task of uniting insurers of the Agrarian Insurance Pool and noted the problems of its operation. Finally, the authors noted the need to develop index insurance of agricultural products, referring to the successful experience in such sectors of Ukraine's economy as energy, construction, restaurant business and others. The authors highlight the significant advantages of index insurance, such as low cost, transparency, simplicity of index insurance and the need to involve appraisers at the scene of the insured event. In the conclusions, the authors drew attention to the problems that arise today during the insurance of agricultural products and ways to overcome them. In addition, the article notes a significant step by the state to address the problems that arise during the insurance of agricultural products. Such a solution could be the Law of Ukraine, which provides for the introduction from 2021 of state support for insurance of agricultural products.

scholarly journals Problems of financial and lending support for the agricultural sector of the economy

2021 ◽  
Vol 2 (98) ◽  
pp. 123-134
Author(s):  
S. N. Kolotukha ◽  
◽  
E. N. Melnyk ◽  
O. V. Ponomarenko
Keyword(s):  
Food Safety ◽  
Social Protection ◽  
Agricultural Sector ◽  
Rapid Development ◽  
Developed Countries ◽  
The State ◽  
Production Cycle ◽  
State Support ◽  
Agricultural Insurance ◽  
Agricultural Enterprises

The article is devoted to the relevant issues of determining factors and ways to intensify financial and lending support for the agricultural sector of the economy. In the wider sense, financial and lending support for agricultural enterprises is necessary for financing, growth and development of the state economy. National and foreign experiences demonstrate that the finances of agricultural enterprises have certain specific nature and require permanent crediting. Due to the length of production cycle, seasonality, nature of cost formation and supplies of agricultural enterprises, its own permanent funding source is impossible. Consequently, the attraction and usage of borrowed financial resources is the key aspect of the financial activity of the agricultural sector of the economy aimed at the achieving successful final results. The research shows that in all developed countries the agricultural sector of the economy enjoys the benefits of state support as it directly affects the country’s food safety. It is revealed that the introduced system of funding state support of the agricultural complex does not provide legally determined promotion of agricultural enterprises, their competitiveness, food safety, improvement of the level of social protection for rural population mainly due to imperfect financial system. The issues that impede development for lending to agricultural enterprises and the development of agricultural insurance have been determined which make obstacles to improve their financial security and effective risk management in the agricultural sector in order to enhance the potential of their rapid development. It has been proved that the efficiency of financial and credit arrangement of ensuring the development of the agricultural sector depends on the effective financial policy of the industry and the state as a whole which can help to combine economic interests of agricultural enterprises and the state.

scholarly journals A New Tool for Covering Risk in Agriculture: The Revenue Insurance Policy

Risks ◽  
2021 ◽  
Vol 9 (7) ◽  
pp. 131
Author(s):  
Angelo Frascarelli ◽  
Simone Del Sarto ◽  
Giada Mastandrea
Keyword(s):  
Risk Management ◽  
Agricultural Sector ◽  
Insurance Coverage ◽  
Price Volatility ◽  
Insurance Companies ◽  
Insurance Policy ◽  
Agricultural Insurance ◽  
Revenue Insurance ◽  
The Common ◽  
Using Data

Over the last years, the agricultural sector has faced increasing risks related not only to production activities, but also to climate adversity and a higher frequency of extreme events. These factors, combined with increased price volatility in the markets, have caused greater exposure to risk for farmers. For this reason, risk management in agriculture has taken on an important role within the Common Agricultural Policy. However, in recent years, gradual disaffection of farmers, low penetration of insurance in the arable sector, and a greater need for insurance coverage against market risks have characterised the subsidised risk management system. For all these reasons, starting in 2017, the National Agricultural Insurance Plan has provided new possibilities for covering risks. This paper aims to contribute to the debate on risk management linked to the revenue insurance policy recently adopted in Italy. Using data from the Italian Farm Accountancy Data Network, we simulate the application of the revenue insurance policy with a sample of Italian farms operating in the common and durum wheat sectors. The main findings show that the revenue insurance policy stipulation is, overall, sustainable for both farms and insurance companies.

Efficiency of agricultural insurance with state support

2021 ◽  
pp. 39-45
Author(s):  
V.V. Maslova ◽  
◽  
G.M. Savkina ◽  
Keyword(s):  
Agricultural Sector ◽  
Current Model ◽  
Insurance Companies ◽  
Economic Regulation ◽  
Insurance Company ◽  
State Support ◽  
Agricultural Insurance ◽  
Agricultural Producers ◽  
Current State ◽  
Insurance Mechanism

The article is devoted to one of the most important areas of economic regulation of the agricultural sector of the economy - the development of an agricultural insurance mechanism with state support. The authors assessed the current state of agricultural insurance. It was revealed that the current model of agricultural insurance with state support does not provide agricultural production with effective insurance protection and does not contribute to the activation of investment activities of agricultural producers. The level of insurance compensation received by agricultural organizations is insignificant, government subsidies do not reach farmers, but remain in the assets of insurance companies. In agricultural insurance, a truncated system of the insurer’s liability to the policyholder is used, which allows the insurer to significantly reduce its liability. The main directions of improving the agricultural insurance mechanism are associated with the formation of equivalent relations between the parties to the insurance process. It is necessary to create a state insurance company specializing only in agricultural insurance. The necessity of amendments to the legislation on agricultural insurance in terms of reducing the size of franchises and developing investment functions of insurance has been substantiated.

scholarly journals The economic nature of the development of anti-paradigm phenomena of the new economic policy of the state in the agricultural sector of the economy

2021 ◽  
Vol 214 (11) ◽  
pp. 67-79
Author(s):  
Lyudmila Dulepinskih ◽  
A. Svetlakov
Keyword(s):  
Economic Policy ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
The State ◽  
Industrial Complex ◽  
State Support ◽  
New Economic Policy ◽  
Agricultural Enterprises ◽  
Strategic Measures ◽  
Favorable Conditions

Abstract. Despite the implementation of production activities in crisis situations, agricultural enterprises are increasing the production of agricultural products. The issues of the development of agricultural production and measures of state support for agricultural business are currently becoming particularly relevant. This article is devoted to the problems of current activities and prospects for the development of the agro-industrial complex in crisis situations. The purpose of our work is to study the causes of uneven development of agricultural enterprises of various forms of ownership, to develop measures that contribute to the creation of favorable conditions in the agro-industrial complex for the production and sale of products. To achieve this goal, we have identified the following tasks: to identify contradictions that prevent an increase in agricultural production; to develop the main directions for the development of agribusiness. Methods. In assessing the development of modern economic policy, mathematical and statistical research methods were used, defining indicators were identified, and factors affecting the development of the agricultural economy in the field of recent changes were considered. Results. The authors considered the key areas of state support for agricultural producers, outlined the tasks of further development of the agro-industrial complex, identified the participants of interaction in the agricultural sector of the economy. Strategic measures of the new economic policy in the agricultural sector of the economy have been developed, aimed at creating favorable conditions for the production and sale of products of the agro-industrial complex, taking into account the implementation of the state plan and state order. The risks and threats that hinder the implementation of strategic measures are grouped. Food consumers interacting with producers in the public procurement system have been identified. The advantages of creating a center for supervision and control to verify the activities of economic entities in the agricultural sector of the economy are outlined. The authors have developed a model of the mechanism for implementing strategic measures of the new economic policy in the agricultural sector of the country's economy. The scientific novelty of the research lies in the development of a model of the mechanism for the implementation of strategic measures of the new economic policy in the agricultural sector of the economy.

The current state of the agricultural insurance market of Ukraine

2020 ◽  
Vol 2 (97) ◽  
pp. 208-218
Author(s):  
A.V. Rolinsky ◽  
◽  
Y.V. Ulianych ◽  
S.A. Ptashnyk
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Insurance Market ◽  
Insurance Companies ◽  
Agricultural Crops ◽  
Agricultural Insurance ◽  
Stage Of Development ◽  
Current State ◽  
Increased Risk ◽  
Risk Insurance

Ukraine occupies a leading position in the world in the production and export of agricultural products. At the present stage of development of the agricultural sector, the most important task is its further development, because the country has significant potential to increase and improve the quality of production. Agricultural production is one of the important, specific and at the same time the most risky areas of human activity. Specific features of the agricultural market: high cost of facilities due to the large area of land, increased risk of production, cumulative losses due to natural disasters and progressive climate change, he duration of the production cycle, affects the profitability of farmers, necessitate the use of one of the most important tools for minimizing risks — insurance and, if necessary, further diversification of risks through reinsurance. The article considers the main indicators of agricultural insurance: in terms of insurance companies, in terms of regions, in terms of agricultural crops. The amount of insurance payments in terms of insurance companies and agricultural crops is analyzed. Trends in animal insurance are presented. The agricultural insurance market in Ukraine is developing slowly, but in recent years still shows a positive upward trend. For a country with a huge potential of the agricultural sector of the economy, the saturation of the agricultural insurance market with insurance services and the actual volume of agricultural risk insurance, undoubtedly, are insufficient. Now agricultural insurance in Ukraine is actively developing. However, despite the positive dynamics, the current state of agricultural insurance in Ukraine does not meet its main task - to manage risks in the agricultural sector to ensure its stable operation and sustainable development of the agricultural sector of the economy. The current system of agrarian risk insurance in Ukraine, including the provision of state support to the agricultural sector, requires improvement and should be aimed at ensuring adequate protection of the interests of agricultural producers and food security, stabilizing production and income in the agricultural sector and encouraging the best technology agricultural production

STATE SUPPORT OF AGRICULTURE: PROBLEMS, WORLD PRACTICES AND PROSPECTS FOR UKRAINE

2021 ◽  
Vol 298 (5 Part 1) ◽  
pp. 315-323
Author(s):  
IRINA FURMAN ◽  
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Developed Countries ◽  
Industrial Sector ◽  
State Regulation ◽  
Industrial Complex ◽  
State Support ◽  
Agricultural Enterprises ◽  
Economic Significance ◽  
Role Of The State

Ukraine’s adaptation to the modern market system of economic activity is determined by the need to implement a number of urgent reforms aimed at increasing the role of the state in the integrated development of the economic and priority agro-industrial sector. Radical reforms of state regulation of agricultural production are necessary to overcome the existing crisis phenomena and ensure further intensive development of the agro-industrial complex. In the practice of progressive highly developed countries, the agro-industrial complex of which was formed under the influence of state regulation, demonstrates that in market conditions the efficiency of agricultural production largely depends on the level of state incentives and state support. The article examines the main aspects of state support for agriculture in modern conditions, which are regulated by regulations. The economic significance of state support is determined, its current state and main directions for agricultural enterprises are studied. The results of the analysis of preconditions and measures that led to the change of directions and volumes of state support in the budget for 2020 are presented. Ways to develop state support for the country’s agricultural sector have been identified. Some world models of state support are analyzed and prospects for Ukraine are outlined. The obtained results are similar to domestic studies and defend the belief in the need for state support of the competitive environment, and not only certain forms of management and ensuring food security by means of regulatory policy coordinated to support the industry.

scholarly journals Problems of organizational and legal forms of management in the agricultural sector

2021 ◽  
Vol 12 (4) ◽  
Author(s):  
Novak Tamara ◽  
◽  
Marchenko Svitlana ◽  
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Entrepreneurial Activity ◽  
Legal Form ◽  
National Legislation ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Legal Literature ◽  
Business Entities ◽  
Legal Forms

The article is devoted to the analysis of some problems of organizational and legal forms of management in the agricultural sector. The main tendencies of development of organizational and legal forms of Ukraine in the aspect of deregulation of entrepreneurial activity and opening of the market of agricultural lands are determined. The role and significance, types, legislative and doctrinal approaches to determining the organizational and legal form of agricultural production are highlighted. On the basis of the analysis of legal literature, national legislation and practice of its application the problems of separate organizational and legal forms of conducting agricultural production (farms, collective agricultural enterprises, etc.) are analyzed. It is concluded that the principle of equality of ownership and management in agriculture is violated in Ukraine. Keywords: organizational and legal forms, business entities, agricultural production, agricultural sector, farms, collective agricultural enterprise

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