Financial Role of Insurance on Economic Development in Denmark

The insurance plays an essential role in economic development by alleviating business risks occasioned by abrupt and disastrous incidents in established and developing nations. Thus, the research assessed the financial role of insurance on economic development in Denmark. The research adopted the descriptive research design. The target population was 200 insurance companies. The research study sampled 100 participants that were chosen from the target population of 200. The sampling technique that was considered the most appropriate was stratified. Questionnaires were utilized to gather the data. The study results showed that insurance is significant in impacting the economic development in Denmark. Insurance activity improves families and organizations' financial stability and helps with competitiveness and the growth of trade and business. Insurance companies help businesses mitigate risk and protect their employees, thus spurring economic development. In addition, insurance companies help finance economic development projects. The study recommended that more emphasis should be developed by all the stakeholders in Denmark, including the government, to ensure the insurance companies are sustainable. The regulatory authorities should establish policies to make it attractive for its residents to patronize the insurance business. This would certainly translate to enhanced insurance investment and more outcomes to the development of the economy because insurance investment has a positive link with GDP. Insurance policies must be made mandatory for people and enterprises to motivate and shield financiers and ensure sustained economic growth. Keywords: Insurance, Economic Development, Denmark

Analysis of farmers’ perceptions of the rice farming AUTP program in Landak Regency

Farmers in Landak Regency more frequently face uncertainty and risk of rice farming failure. Therefore, a program that can protect the farmers from the risk is required. Rice farming business insurance (AUTP) is an alternative to overcome the risk of loss due to crop failures. The limited information and knowledge of farmers regarding the AUTP have led to different perceptions among farmers and have affected the farmers’ enthusiasm to become the insurance participants. This research aimed to analyse the farmers’ perceptions of the AUTP program and its implementation mechanisms in Sengah Temila Subdistrict, Landak Regency. A descriptive method with Likert scale was used to analyse the farmers’ perceptions. The research results show that the farmers’ perceptions are at high category with the total score of 3048, indicating that they agree with the AUTP; the highest indicator (195) was that the program objective is protecting the farmers from crop failures, and the lowest indicator (153) was that the program gets success when the farmers agree to pay the insurance premium fully. In general, the implementation of the AUTP in Landak Regency was in accordance with the 2018 AUTP Premium Assistance Guidelines.

Comparison study of agricultural insurance government subsidy and farmers' self-subsistent premium in Indonesia

Agricultural Insurance as an embodiment of farmer protection and empowerment is carried out with The Rice Farming Business Insurance (AUTP) facility with an insurance premium scheme by the Government of 80% and 20% by farmers. This study aims to simulate the AUTP premium based on government's subsidy and farmers' self-subsistent premium. The simulation test used panel data estimates in Indonesia Province during 2016-2019. The AUTP premium simulation was identified through the Moderating Regression Analysis (MRA) approach, with the moderate variables being government subsidies and farmers' self-subsistent premium. The Government's premium subsidy policy became a pure moderator that significantly increased the AUTP land area by 0.057%. Meanwhile, the coefficient of the farmers' self-subsistent premium variable has a negative and significant effect on the realization of AUTP in Indonesia. The results of the policy simulation emphasize the importance of the government's role in encouraging the increase in the realization of AUTP through subsidizing premium assistance to farmers. The implication of this simulation of the MRA model is that the response and participation rate of the farmers' premium payments independently is not followed by an increase in the realization of AUTP in Indonesia. The policy implications in the simulation of the two equation models conclude the importance of managing subsidized farmer premium payments and self-subsistent schemes based on insured land and farmer insurance policy. Agricultural insurance policy needs to adopt risk management tools, diversify agricultural insurance programs, and calculate the willingness to pay agricultural insurance premiums appropriately.

Analisis Prosedur Pengajuan dan Pembayaran Klaim pada Perusahaan Asuransi

Insurance being known by a person long since. Of year goes to insurance year go on amends along with another service business developing. Carry on business insurance can amends because a person progressively be conscious of jeopardy and perceiving needs to shift that jeopardy to on one’s side other one wants to take on by payment number money as substitution it. Insurance is the business of service that offers jeopardy protection to its client apparently there are many experiences constraint. It doesn’t be noticed it will evoke problem in the short term and also long-range.

Faktor- Faktor Eksternal pada Peternak Sapi Potong yang Mengikuti Program AUTS di Kabupaten Sinjai,Propinsi Sulawesi Selatan

This study aimed to determine the external factors of beef cattle farmers who participated in the Cattle Livestock Business Insurance (AUTS) program in Tellulimpoe District, Sinjai Regency. This research was conducted in Tellulimpoe District, Sinjai Regency from November to December 2018. The population was all of the beef cattle farmers who participated in the AUTS program, namely 582 people. Slovin formula was used to determine the samples and 41 beef cattle farmers were taken as a result. Primary and secondary data were used as data sources. The data were analyzed descriptively with the assistance of tabulation. The results showed that the external factors of beef cattle farmers who participated in the cattle business insurance program were the market for livestock business, the ever-advancing technology in the field of animal husbandry, the availability of production-supporting facilities along with the availability of equipment, production-stimulants for farmers, and lastly, freight and transportation. Key words: characteristics; beef cattle farmers; insurance; cattle; external factors Abstrak Penelitian ini bertujuan mengetahui faktor eksternal pada peternak yang mengikuti program Asuransi Usaha Ternak Sapi di Kecamatan Tellulimpoe, Kabupaten Sinjai. Penelitian ini dilaksanakan di Kecamatan Tellulimpoe Kabupaten Sinjai pada Bulan November sampai Desember 2018. Populasi adalah semua peternak sapi potong yang mengikuti program AUTS yaitu 582 orang. Responden yang diambil sebagai sampel dengan menggunakan rumus Slovin diperoleh 41 orang peternak. Sumber data adalah data primer dan data sekunder. Data dianalisis secara deskriptif menggunakan bantuan tabulasi.Hasil penelitian menujunkkan factor eksternal peternak yang mengikuti program asuransi usaha ternak sapi yaitu pasaran untuk hasil usahaternak, teknologi yang senantiasa maju di bidang peternakan, tersedianya sarana dan peralatan produksi pendukung yang tersedia di tempat, perangsang produksi bagi peternak, pengangkutan dan transportasi. Kata kunci: karakteristik; peternak; asuransi; sapi; faktor eksternal

Tingkat Kinerja Petugas Lapang Program Asuransi Usaha Ternak Sapi (AUTS) dI Kecamatan Getasan

The main thing needed in the implementation of the cattle business insurance program (AUTS) to run effectively and achieve its goals is the presence of professional field officers. The professionalism of field officers is closely related to the level of their performance. One of the problems occurring in implementing the field program is the low performance of the field officers. Therefore, this research was conducted to measure the performance level of the AUTS field officers by survey research. The research was conducted in Getasan District, Semarang Regency. The research location was selected with the consideration that this location is the centre of dairy cattle in Semarang Regency and has implemented the AUTS program. The technique of determining the respondents used was purposive sampling with the number of respondents who were taken as many as 56 breeders. Respondents were selected based on dairy farmers who have doing insurance claims. This study uses descriptive analysis and ranks Spearman correlation analysis. Overall, the results of the study indicate that the performance of the field officers is in a good category. This condition is supported by good knowledge, skills, and attitudes shown by field officers in carrying out the AUTS program. Based on the results of Spearman rank analysis showed that variables of knowledge and attitude have a highly strong correlation with the value of Rs respectively 0.84 and 0.73. The skill variable has a relatively weak correlation with the value of Rs 0.70. In addition, variables of knowledge, skills, and attitudes have a positive relationship and statistically significant. Hal utama yang dibutuhkan dalam pelaksanaan program asuransi usaha ternak sapi (AUTS) supaya berjalan efektif dan tercapainya tujuan diperlukan keberdaan dari petugas lapang yang professional. Profesionalitas petugas lapang erat kaitannya dengan tingkat kinerja. Permasalahan yang terjadi dalam pelaksanaan program dilapangan salah satunya disebabkan oleh rendahnya kinerja dari petugas lapang. Oleh karena itu, penelitian ini dillakukan bertujuan untuk mengukur tingkat kinerja petugas lapang AUTS. Penelitian ini adalah penelitian survei. Penelitian dilakukan di Kecamatan Getasan, Kabupaten Semarang. Lokasi penelitian dipilih dengan pertimbangan bahwa lokasi ini merupakan sentra sapi perah di Kabupaten Semarang dan telah menjalankan program AUTS. Teknik penentuan responden yang digunakan yaitu purposive sampling dengan jumlah responden yang di ambil sebanyak 56 peternak. Responden dipilih berdasarkan peternak yang sudah pernah melakukan klaim asuransi ternak. Penelitian ini menggunakan analisis diskriptif dan analisis korelasi rank spearman. Secara kesuluruhan hasil penelitian menunjukkan bahwa kinerja petugas lapang berada pada kategori baik. Kondisi ini didukung dengan pengetahuan, ketrampilan dan sikap petugas yang baik dalam menjalankan program AUTS. Dari analisis rank spearman didapatkan hasil variabel pengetahuan dan sikap memliki hubungan yang sangat kuat dengan nilai Rs masing-masing 0,84 dan 0,73. Sedangkan variabel ketrampilan pertugas lapang tergolong dalam katogori kuat dengan nilai Rs 0.70. Selain itu variabel pengetahuan, ketrampilan dan sikap memliki arah hubungan yang positif, signifikan dan nyata.