Development Of Agricultural Insurance Research Articles

A Study on the Influence of Agricultural Insurance on the Upgrading and Optimization of Agricultural Industrial Structure in China-An Empirical Analysis Based on GMM Model of Panel System

This article uses panel data from 2000 to 2019 in the China Insurance Yearbook, China Rural Statistical Yearbook and the National Bureau of Statistics. Based on the system generalized moment estimation model, the influence of the density and depth of agricultural insurance at the regional level on the upgrading and optimization of agricultural industrial structure is studied. The empirical results show that the increase in the depth of agricultural insurance has a significant role in promoting the upgrading of the agricultural industry structure. The increase in the density of agricultural insurance has a certain inhibitory effect on the structure of the agricultural industry. Therefore, it needs to improve the agricultural insurance financial subsidy policy, guide the diversified development of agricultural insurance, and establish an agricultural risk reinsurance mechanism to escort the upgrading and optimization of the agricultural industry structure.

ФІНАНСОВІ МЕХАНІЗМИ ЗАБЕЗПЕЧЕННЯ РОЗВИТКУ ПІДПРИЄМСТВ АГРАРНОГО СЕКТОРУ ЕКОНОМІКИ: ОСОБЛИВОСТІ ТА НЕДОЛІКИ

В умовах нестабільного ринкового середовища зростає роль ефективності управління фінансами підприємств через застосування дієвих фінансових механізмів розвитку підприємств аграрного сектору. Проаналізовано основні фінансові механізми розвитку підприємств галузі сільського господарства, визначено їх особливості та недоліки. Встановлено, що запроваджена система фінансування державної підтримки агропромислового комплексу не забезпечує визначеного на законодавчому рівні сприяння життєдіяльності аграрних підприємств, їх конкурентоспроможності на внутрішньому й зовнішньому ринках, гарантування продовольчої безпеки, посилення соціального захисту сільського населення переважно через недосконалість наявних механізмів та небажання самих аграріїв користуватися ними. Визначено стримуючі фактори кредитування аграрних підприємств та розвитку агрострахування, що унеможливлює поліпшення їх фінансового забезпечення та ефективного управління ризиками в аграрному секторі задля нарощення потенціалу їх динамічного розвитку. Ефективність фінансових механізмів забезпечення розвитку аграрного сектору економіки залежить від правильно сформованої фінансової політики окремо взятого підприємства та держави загалом, що сприяє збігу економічних інтересів аграрного підприємства та держави.

Formalized model of agricultural insurance development strategy as an element of industry management digitalization

The article discusses the possibilities of agricultural production management digitalization with formalized models, using the example of state support for agricultural insurance. The aim of the study is to adapt the BCG model for use as a tool for designing a development strategy for agricultural insurance with state support. Tasks: - determine the possibilities of using the BCG model to design an agricultural insurance development strategy; - offer a model parameters system; - define a set of strategies in the framework of the goal. Putting the model into practice will make the existing state support system more transparent and predictable, depending mainly on the objectives of state policy and the actual indicators achieved by the industry. At the costs high level offered by these measures, the system involves the creation of a sustainable market for insurance services, regulated by both economic and administrative mechanisms. The presence of such decisions totality will automate the decision-making process at the industry management level; ensure the agricultural policy continuity in the long term.

Does agricultural insurance promote primary industry production? Evidence from a quasi-experiment in China

Whether agricultural insurance promotes primary industry production has been debated for decades. Our paper studies this question based on the agricultural insurance premium subsidy policy in China. We use this quasi-experiment to conduct difference-in-differences and event study estimations. We find that the development of agricultural insurance, induced by premium subsidies, significantly promotes primary industry production; per person, it increases by CNY 1430 in subsidised provinces compared to unsubsidised provinces. We use county-level data to address the aggregation problem in our province-level analysis and obtain the same conclusion. We also find that agricultural insurance primarily affects agriculture and husbandry among the four subindustries of the primary industry.

Analysis and Prioritization the Effective Factors on Increasing Farmers Resilience Under Climate Change and Drought

California is severely exposed to drought and damage due to the climate change and drought belt, which has a major impact on agriculture. So, after the drought crisis, there are various reactions from farmers. The extent of the damage caused by the socioeconomic, environment and the extent of the resistance of farmers to this crisis is manifested in a variety of ways. Recognizing the population’s resilience and the involved human groups is a tool for preventing a catastrophe-based increase in life-threatening areas in high-risk areas. Sometimes the inability to manage this phenomenon (especially under the climate change) leads to farmers’ desertification and agricultural land release, which itself indicates a low level of resilience and resilience to the crisis. The recent drought under the climate change condition in California and the severity of the damage sustained by farmers continue to be vulnerable. The present study seeks to prioritize and prioritize resilience of farmers to the crisis under the climate change. This study simulated drought condition with using PDSI value for current and future time period. In order to calculate PDSI values, the climatic parameters extracted from CMIP5 models and downscaled under the scenario of RCP 8.5. Also in order to understand the resilience of the agriculture activities under the climate change, this study was performed using statistical tests and data from the questionnaire completed in the statistical population of 320 farmers in the Tulare region in California. The findings of the research by t test showed that the average level of effective factors in increasing the resilience of farmers in the region is low. This is particularly significant in relation to the factors affecting government policies and support. So that only the mean of five variables is higher than the numerical desirability of the test and the other 15 variables do not have a suitable status for increasing the resilience of the farmers. Also, the results of the Vikor model showed that most of the impact on their resilience to drought and climate change was the development of agricultural insurance, the second important impact belongs to drought monitoring system, climate change and damage assessment, and variable of attention to knowledge is in third place of the important factor.

Foreign experience of agricultural insurance and prospects of its adaptation in Ukraine

In the articles of the considered process of agrarian insurance in foreign countries. The essence of the concept of “agricultural insurance” and “agricultural insurance risk" is revealed. The history of development of agricultural insurance in the international market of insurance services is studied. There are several well-known national agricultural insurance systems and their characteristics. The national systems and participants of agrarian insurance in the countries of the world, namely: the United States of America, Canada, Spain, Portugal, Italy, Austria, France, Germany, Latvia and Poland are singled out. It is proved that in most countries of the world the importance of insurance of risks of agricultural production as an irreplaceable financial and economic lever of development of agriculture and economy of the countries is described. The most important measures that are provided and mandatory for the participants of the above-mentioned foreign national agricultural insurance systems are highlighted. Models of agricultural insurance in different countries are characterized by certain features: the state is an active participant in the agricultural insurance system; insurance is overwhelmingly voluntary; state policy in the field of insurance is characterized by structure and transparency; the state subsidizes both agricultural producers and insurance companies; Appropriate state institutions and appropriate levers of financial influence are created for the development and implementation of state policy in the field of agricultural insurance. Based on the experience of foreign countries, three main operating systems of agricultural insurance protection have been identified: the system of catastrophic coverage, the system of state administration of agricultural insurance programs, the system of cooperation between the state and insurance companies. It is noted that there is also an inefficient system of “state insurance company”, which sells agricultural insurance services. The main normative acts regulating the insurance process in Ukraine are described. It was proposed to introduce a new program of state support for agricultural insurance, which would clearly define: the subjects of the market of insurance of agricultural products with state support, insurance contracts, insurance rules, the mechanism for providing state support to farmers; information support of state support of agricultural insurance.

Development of Agricultural Insurance of Crop Production in Regions of Southern Russia

State-supported agricultural insurance is a financial policy imperative in agricultural development. The purpose of the article is to study the current state of the development of agricultural insurance of crop production carried out with the state support of the regions of Southern Russia in order to determine the possibilities of expansion of its scope and increase of its accessibility. It was concluded that there had been significant changes in the market during the period under review. The article presents the analysis of agricultural insurance on the example of crop production carried out with the state support of Southern Russian regions. After 2014 there was a decrease in the activity in agricultural insurance both by insurers and insured. The dominant reason for a considerable drop in insurance in crop production has been the transformation of forms of state support for agricultural producers since 2017. It is the transfer to a “single subsidy”, which included all types of industry support costs that lead to the inability to pay crop insurance premiums in many regions, in particular South Russia. It should be noted that since 2016 there has been a decrease in the number of insurance copmpanies that have carried out insurance with state support. This was a result of the tightening of control over insurers by the Bank of Russia and the emergence of a mandatory requirement of membership in the National Union of Agricultural Insurers to those insurance companies that insured producers with government support. Thus, the changes of the terms of insurance subsidies became a threat to this form of support. Recently, there has been some modification of this form of support for the industry, and the task of the state is to consolidate this trend. The study concluded that the attraction of more insurance companies to regional markets, involvement of representatives of medium and small businesses in the agricultural risk insurance system, increased flexibility of insurance conditions with state support and improved quality of insurance payment procedures, possibility to independently determine the increasing factor for arable lands, compensatory subsidies written into agricultural crop insurance contracts will facilitate the access to this measure and expansion of this form of support.

Інституалізація агрострахування в Україні: чинники впливу та вектори розвитку

Мета. Метою статті є дослідження розвитку українського ринку страхових продуктів у сільському господарстві з виокремленням і класифікацією чинників, які впливають на динаміку основних показників ринку, та визначення на цій основі концептуальних напрямів розбудови ефективної системи агрострахування України.
 Методологія / методика / підхід. Методологію дослідження становили положення неокласичної та інституційної теорій; використано методи узагальнення та систематизації (при визначенні сучасних тенденцій розвитку ринку агрострахування), періодизації (для визначення спільних рис і розбіжностей у становленні агрострахування в Україні), статистичного аналізу (для аналізу динаміки показників розвитку аграрної сфери, ринку агрострахування), факторний аналіз (для визначення чинників впливу на ефективність агрострахування); кореляційний і регресійний аналізи (при виявленні залежності показників розвитку ринку агрострахування від макроекономічних показників й обсягів державного фінансування), прогностичний (для формулювання висновків і пропозицій щодо концептуальних векторів розвитку агрострахування).
 Результати. У результаті дослідження виявлено низький рівень проникнення страхування в сільське господарство України. Агрострахування здійснюється переважно у рослинництві. На ринку агрострахування України представлені сучасні страхові продукти, але їх асортимент є меншим у порівнянні з країнами з розвинутим агрострахуванням. Нормативно-правове забезпечення страхування продукції сільського господарства представлено значною кількістю документів, невиконання у повному обсязі окремих положень яких, наприклад, щодо державного субсидіювання страхових премій, перешкоджає розвитку агрострахування. Ми узагальнили та класифікували чинники розвитку агрострахування в Україні й використали математичну модель для виявлення основних функціональних чинників, які мають вплив на динаміку застрахованих площ. Ми встановили важливу залежність розвитку агрострахування від комплексу інституційних і функціональних чинників.
 Оригінальність / наукова новизна. Отримав подальший розвиток системний підхід до дослідження агрострахування як складника умов сталого розвитку аграрної сфери. Визначено, що реалізації потенційних можливостей агрострахування, як складника забезпечення умов сталого розвитку аграрної сфери, перешкоджають висока вартість страхових премій, недостатні обсяги фінансування державних програм, непослідовність державної політики, відсутність при її розробленні та реалізації середньострокового планування; неповнота інформації з боку стейкхолдерів щодо необхідності, доступності агрострахування. Для розвитку агрострахування необхідно зменшити негативний вплив таких чинників.
 Практична цінність / значущість. Інституалізації агрострахування, як однієї з передумов функціонування сільського господарства України на принципах сталого розвитку, будуть сприяти перехід від мультиризикового до індексного страхування, формування прозорого регуляторного середовища, запровадження середньострокового державного програмування, поширення інформації на державному рівні для стейкхолдерів щодо необхідності, доступності, доцільності агрострахування.

Strategies to Develop Agricultural Insurance in Algeria Les stratégies de développement de l’assurance agricole en Algerie

The State ever pays close attention to agricultural development. Regardless,the level of agricultural insurance development over recent years can’t meet therequirements of agricultural basic status and fails to compensate the losses of agriculturecaused by natural calamities.But agricultural insurance which functions as both booster and stabilizer plays asignificant role in enhancing the ability of risk resistence and the development level ofsocial insurance.In view of current problems existing in agricultural insurance, the article put forwardseven proposals to develop agricultural insurance.

Grain Area Yield Index Insurance Ratemaking Based on Time–Space Risk Adjustment in China

The foundation and sustainable development of agricultural insurance involve accurately determining a premium and establishing a dynamic premium adjustment mechanism that matches the agricultural production risk. Based on the theoretical analysis of the impact of time–space risk adjustment on agricultural insurance ratemaking, we constructed a pure premium ratemaking model based on time-varying risk adjustment and a safety premium ratemaking model based on spatially dependent risk adjustment. Choosing the county grain area-yield index insurance (GAYI) in China as the research object, we obtained the following results: (1) the risk of grain yield per unit area (YPUA) and pure premium rate in most counties decreased significantly with time-varying adjustment, and we observed differences between regions; (2) grain’s spatially dependent risk has a strong negative adjustment effect on the loading factor, but the expansion of insurance underwriting can still rapidly reduce the safety premium rate, mainly due to the reduction in the spatially dependent risk; and (3) based on time-varying risk adjustment and underwriting expansion, the reduction effect of premium rates is obvious, which supports the sustainable commercial operation of agricultural insurance. These research results help to clarify the relationships of premium rates and provide implications on the sustainability of catastrophe management.

Current Situation and Prospects of Agricultural Insurance Development in Ukraine

Current Situation and Prospects of Agricultural Insurance Development in Ukraine

Legal regulation of agricultural insurance

The development of the risk insurance system in agriculture, which is named as the main direction of state support for agriculture and the development of agricultural territories, is carried out only in the form of state subsidies for insurance premiums, which cannot be assessed as sufficient. The concept of further development of the risk insurance system has not been developed. At the same time, the need to develop the legal institution of agricultural insurance in a changing climate is becoming more and more obvious. Further development of agricultural insurance is proposed not only through the system of subsidizing part of the cost of insurance premiums, but also through the development of insurance cooperation, increasing the variability of insurance products. In addition, the issue of the need to create a transparent system of compensation payments to agricultural producers from the budget in the event of large-scale emergencies is raised.The functions of the state are those of ensuring national security, which means food security, and thus ensuring emergency response. Compensation for damage to agricultural producers in the event of large-scale natural disasters and natural disasters should be provided from the Federal budget or with its support.It is impossible to predict exactly how much money will be required to eliminate the consequences, this issue must be subjected to economic analysis and even interdisciplinary scientific research. But this is a matter of national importance, and the organization of such research should also be a function of the state.

Analysis of Supply and Demand Situation of Agricultural Insurance Market in China from the Perspective of Government Behavior

Under the combined action of natural reproduction and economic reproduction, agricultural production process is confronted with a variety of risks intertwined with natural risk, social risk and economic risk. The emergence of agricultural insurance is only a matter of the last century, but it has become a financial tool commonly used by more than 100 countries in the world to regulate and control the economy, relieve the pressure of government relief, reduce the loss of agricultural disasters, and stabilize social relations. The development of agricultural insurance effectively alleviates the inherent weakness of agricultural insurance industry. The development of agricultural insurance market in the world is the result of various actions of the government. This paper mainly analyzes the supply and demand characteristics and equilibrium of agricultural insurance market in China from the perspective of government behavior.

Uporedni prikaz razvijenosti osiguranja poljoprivrede u Srbiji i Hrvatskoj

The aim of this paper is to assess the level of agricultural insurance development for family agricultural farms in Serbia and Croatia. To that end, a comparative analysis of the characteristics of agricultural insurance and of the level of its development for family agricultural farms was conducted for these two countries, which were taken as comparative examples due to significant similarities relevant for the subject of research. According to the categorization of the Organization for Economic Cooperation and Development (OECD), the territories of both countries are dominated by rural areas which are, according to the structure of the agricultural entities, dominated by family agricultural farms, while agriculture has approximately the same share in gross domestic product (GDP) of both countries. The author analyzes the development of agricultural insurance from 2006 to 2018, with family agricultural farms that can be considered micro enterprises important for the growth of the insurance industry in the observed countries. Based on the conducted research, the author concludes that in both Serbia and Croatia, agricultural insurance of family agricultural farms is underdeveloped and that there are significant opportunities for the growth of the insurance industry in this market segment. In 2018, only 3.99% of all family agricultural farms in Serbia were insured, with this percentage being 4.26% in Croatia. Bearing in mind that supply is satisfactory, that solvency should not be viewed as a problem, as is often done, given there is significant subsidization of agricultural insurance premiums, it will be necessary, before all, to develop demand.

Legal features of insurance in the agricultural sector

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.

Deficit irrigation for rice farming with production risk due to weather variability

Deficit irrigation is one of the keys in overcoming the problem of weather variability and limited water resources. Farmers can reduce the amount of irrigation water use without affecting too much on the productivity of rice plants by using deficit irrigation. The level of deviation of rice production increases when the water level changes between the ranges of 0-2.5 cm. The tendency to decrease from the level of deviation of agricultural production is seen when the water level increases in the range of 2.5-10 cm. At a water level of 12.5 cm there is a considerable increase in deviation. However, there was a significant decrease in the level of deviation of rice production when the water level was at 15 cm. Based on this, it can be concluded that the risk management of rice production will be better when the water level is above 2.5 cm and below 15 cm. The results of this study not only can be used for the development of risk-based farmers’ decision models but can also be used as input for the development of government policies in resource sharing and development of agricultural insurance

Insurance of agricultural products with state support in Ukraine: state, problems and prospects of development

The purpose of the research is to substantiate the laws of development of agricultural insurance with state support in Ukraine, and provide a set of practical recommendations for implementation of insurance mechanisms for financial support of agriculture. Methodology. The theoretical and methodological basis of the research are the dialectical method of knowledge of economic processes, the fundamental provisions of modern economic theory, scientific works domestic and foreign scientists on economic relations between participants of the agricultural insurance market with state support for agricultural products. A systematic approach, methods of generalization, induction, deduction, analysis, synthesis and comparison were used to achieve this purpose. Results. The necessity and importance of using insurance mechanisms to mitigate risks for agricultural producers had been determined. The state of economic relations for the protection of property interests of agricultural producers had been reviewed in general, and trends in the development of subsidized crop insurance in the insurance market of Ukraine had been identified. The indicators of agricultural insurance and the amount of subsidies from the state budget allocated to reduce the cost of insurance premiums (contributions), which actually had been paid by actors of the agricultural market, had been analyzed. It was revealed that in 2005-2008 the introduction of state support for crop insurance had a positive impact on the performance of the agricultural insurance market, contributed to the popularization of this type of insurance in Ukraine, and positively affected protecting the interests of agricultural producers. The factors hindering the development of domestic crop insurance with state support were revealed. It had been proved that current level of penetration of this kind of insurance protection remains low and insufficient to guarantee the safety of business activities in the agricultural sector, the current model of agricultural state aid, provided by the Law of Ukraine “On peculiarities of crop insurance with state support”, was inefficient and therefore required reformation. The importance of improvements in state regulation, including implementation mechanisms of the existing legislation, and state policy of financial support had been substantiated. It was determined that the market model of crop insurance system in Ukraine should be based on the principles of public-private partnership. Practical meaning appears in the possibility of using theoretical conclusions and practical recommendations for the further development of agricultural insurance in general and crop insurance with state support in particular. Prospects for further research are identification and scientific substantiation of the ways of forming a reliable mechanism for insurance protection of property interests of agricultural producers, development and legislation of recommendations on the forms of effective interaction between the main participants in agricultural insurance – agricultural producers, insurance companies and government.

НОВІТНІ ВИКЛИКИ І ТЕНДЕНЦІЇ РОЗВИТКУ РИНКУ АГРОСТРАХУВАННЯ В УКРАЇНІ

The article analyzes modern trends of agro–insurance market development in Ukraine, the dynamics of macroeconomic indicators related to agro-insurance. The main attention is paid to the results of Ukrainian insurers specializing in agricultural crops insurance. The rating of insurers by the agro-insurance premiums is given.Production of agricultural products depends for the most part on macroeconomic indicators of the state's development. A higher level of the economy increases the ability of agricultural enterprises to invest in insurance for crops and harvests. Unfortunately, in recent years Ukrainian government is not involved in main aspects of providing agricultural insurance. Moreover, distrust in insurance among producers and publicity, lack of an agribusiness culture of using an insurance and other factors lead to low participation in agriculture insurance. The results of the analysis show the unsatisfactory performance of the protective function of agricultural insurance. The reasons for the low level of agricultural insurance development in Ukraine are revealed.We used statistic information about the leaders of agro–insurance companies. Our research demonstrates the dependence of agro–insurance on economic activity of enterprises in the agro-insurance market. The analysis of agricultural insurance in the regional section showed that the largest number of agro-insurance contracts was concluded in Ternopil, Dnipropetrovsk, Poltava, Khmelnytskyi, Chernihiv, Vinnytsia and Kirovograd regions.The article applies regression analysis to study the influence of factors on the amount of agro-insurance premiums. Using­ the MS Excel package authors complete a trend analysis for the forecasting of agro-insurance premiums, tariff rates and crop production volumes for the next two years.The directions for increasing the effectiveness of the insurers activity in the field of agrarian risk insurance on the basis of public-private partnership are substantiated.

Analyzing the Challenges of Agricultural Crop Insurance among Microcredits: A Case Study of Sarjam Dehestan, Mashhad

The natural, social, economic and personal risks of agricultural production are inevitable, but those risks are manageable. To manage the risks of natural disasters and incidents, producers and economic policymakers in different societies use different strategies, such as insurance for agricultural products. However, farmers quite do not welcome agricultural insurances in the country. This study aims to identify the main challenges facing the development of agricultural insurance among microcredits. The research method is descriptive-analytic. With a review of exploratory and documentary studies, 23 challenges to the development of agricultural crop insurance were identified and ranked by 160 minor farmers based on the Likert scale. The identified factors were evaluated through the exploratory factor analysis by the SPSS software. There were seven main factors with 67% of variance explained. Accordingly, from the viewpoint of minor farmers, the main challenges facing the development of agricultural insurance include "The existence of an undesirable structure in the field of agricultural insurance" with 24.3%, "Farmers' dissatisfaction with the performance of the Agricultural Insurance Fund" with 12.1%, and "lack of space competition in the field of agricultural insurance" with 8.3% of variance. It is, therefore, recommended to make structural changes in the agricultural insurance sector by proper policy-making and government monitoring.

Трирівневий аналіз функціонування ринку аграрного страхування в Україні

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.