Abstract
Article deals with the justification of reasonability of agro insurance risk-management development in Russian Federation on the basis of mutual insurance. Nowadays this kind of insurance is carried out only by the commercial insurers, and thus are created conditions for the non-rational usage both private and government finance directing for the insurance premium. At the same time there is a successful practice of some developed countries and also Russian historical experience of mutual insurance of agricultural risks. The authors suggest to develop mutual insurance societies of agricultural risks not excepting the possibility of insurance of such kind of risks by the commercial insurers. It is pointed out that in RF mutual insurance societies for successful development will need the support of the state in the form of organizational and fiscal facilities. Development of mutual insurance societies of agricultural risks will prevent transformation of the part of the finance into the dividend for the owners of the insurance companies, and also activates the competition in the sector of agro insurance.
Highlights
IntroductionThe main reason for this the insurers consider coming into force from the 1 of March 2019 the changes in the Federal Law from 25 of July 2011 N 260-FZ "About the State Support in the Sphere of Agricultural Insurance and about the changes in the Federal Law about the development of Agricultural Sector”
In the modern Russia till recently agro insurance market was undeveloped
Russian scientists note that today in the Russian Federation the agricultural insurance products are not used widely enough to address important socio-economic challenges on a national scale, in particular to provide insurance protection to farmers [2]
Summary
The main reason for this the insurers consider coming into force from the 1 of March 2019 the changes in the Federal Law from 25 of July 2011 N 260-FZ "About the State Support in the Sphere of Agricultural Insurance and about the changes in the Federal Law about the development of Agricultural Sector” These changes concerned the organization of insurance of agricultural risks and became stimulus for development of this segment of insurance market. The changes in the practice of insurance according with the law mentioned above enable to meet better the needs of policyholders. It seems that such approach demonstrates attention of the state to the protection of wealth interests of the agro-producers by the mechanism of insurance, awareness of the need of using such mechanisms
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