MODERN CHALLENGES AND DEVELOPMENT TREN

  • Lada Shirinyan
  • Nataliia Klymash
Keywords: agricultural insurance, factor, regression analysis, trend analysis, agricultural insurance premiums, prospects for development

Abstract

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.

Published
2019-01-16