Трирівневий аналіз функціонування ринку аграрного страхування в Україні

Abstract

Purpose. The purpose of the article is to identify the current trends in the formation of agrarian insurance in Ukraine considering the potential of its development, taking into account the objective needs of agricultural producers in strengthening their insurance protection. Methodology / approach. The methodology of the presented research is based on the generally accepted principles of insurance relations formation in society. Integration of modern scientific views on the role of insurance in general and agrarian insurance in particular, testifies to the uniqueness and the indispensability of using this financial and economic tool in the process of counteraction and prevention of negative manifestations of the environmental risks. In the process of research, methods of induction and deduction were used – to form a holistic reflection of the key conditions for the functioning of the agrarian insurance market; methods of comparison, grouping, analysis and statistics – to identify current trends in the insurance relations development in the agrarian sector; the abstract-logical method contributed to the generalization of the author’s position regarding the further activation of the domestic market agrarian insurance. Results. The three-level analysis of the agrarian insurance national market functioning gives grounds to state that there are positive trends in the development of socio-economic relations between the participants in the insurance process. At the same time, issues concerning the expansion of the agricultural risk insurance coverage, possible sources of insurance payments diversification and the growth of insurance companies capitalization level remain to be still relevant. Originality / scientific novelty. The originality of the research is to use a three-level indicators’ analysis of the insurance market development in the segment of agrarian insurance. For the generalized diagnosis and identification of the patterns of development of insurance market, the study covered the ten-year period (2006–2016). The analysis of the territorial, sectoral and institutional levels of the insurance market functioning for agricultural products was carried out for the period of 2012–2016. The scientific novelty is to use a creative approach to analyze key indicators of agricultural insurance development in Ukraine. Practical value / implications. Practical value is determined by the development of author’s proposals, which are aimed at activating the business activity of the insurance market participants as the basis for balancing their existing insurance interests.