Agricultural insurance with state support in Russia

Issue № 12, 2022, article № 6, pages 58-65

Section: Agricultural policy and state regulation of the agro-industrial complex

Language: Russian

Original language title: АГРАРНОЕ СТРАХОВАНИЕ С ГОСУДАРСТВЕННОЙ ПОДДЕРЖКОЙ В РОССИИ

Keywords: AGRICULTURAL INSURANCE, INSURANCE PREMIUM, INSURANCE VALUE, INSURANCE COMPENSATION, INSURANCE RISK, STATE SUPPORT, REPRODUCTION

Abstract: The article is devoted to the analysis of the development of agricultural insurance with state support. During the study period, the indicators of the insurance market in Russia showed positive dynamics, However, it mainly had a compensatory role and did not change the situation in agricultural insurance. The volume of the agricultural insurance market remains narrow, the coefficients of compensation for damage are not at an optimal level, the funds of state subsidies are used inefficiently. In order to strengthen control over financial flows, it is necessary to create a state insurance company that will insure agricultural producers with state support. It is necessary to make changes to legal acts aimed at improving insurance techniques in terms of increasing the lower limit of the ratio of the insured amount and the insured value to 90% and reducing the maximum size of the unconditional deductible for crop insurance to 20%. In addition, it is also necessary to supplement the law with provisions on the investment obligations of the insurer to calculate the investment interest on the insurance premium and income from investment management at the expense of the insured.

Authors: Savkina Galina Mikhailovna