Abstract
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.
Highlights
One of the main sectors of the economy in Ukraine is agriculture
The purpose of the scientific article is to identify the features of insurance in the agricultural sector and determine the factors influencing the agricultural insurance market
Studies of certain aspects of the agricultural insurance market were conducted by representatives of various branches of science: V.D
Summary
One of the main sectors of the economy in Ukraine is agriculture. The agricultural sector is a source of significant revenues to the country's budget and is an industry that provides jobs to the population. This area of production is characterized by a high degree of risk, which is primarily due to the unpredictability of natural conditions and changes in harvest volumes. Agricultural risk insurance makes it possible to profitably combine the interests of participants in the agricultural insurance market and the state as a party whose priority is to ensure stable economic growth, welfare of citizens and their social protection. The purpose of the scientific article is to identify the features of insurance in the agricultural sector and determine the factors influencing the agricultural insurance market
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