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Present Framework Of Agricultural Insurance

Author

Listed:
  • Narcis Eduard Mitu

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

The international agricultural insurance market has an important dimension. The experience of economically developed countries revealed the fact that without a stable development of agricultural insurances, there is no chance for high performance agriculture. This will require the establishment of a framework for responding to severe systemic events affecting agricultural production, and establishing an appropriate regulatory environment to foster private sector innovation and investment in services for less catastrophic events. During the last few years, at the international level, a variety of new financial mechanisms present the capacity of solving many issues related to the traditional projection of agricultural insurances. New instruments operate based on the configuration of the insurance indemnity payment, thus it will be paid when it reaches a certain level determined by statistic calculations and designed as the “index”.

Suggested Citation

  • Narcis Eduard Mitu, 2007. "Present Framework Of Agricultural Insurance," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 39-42, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2007:i:9:p:39-42
    as

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    File URL: http://feaa.ucv.ro/RTE/009-04.pdf
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    References listed on IDEAS

    as
    1. Mario Miranda & Dmitry V. Vedenov, 2001. "Innovations in Agricultural and Natural Disaster Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 650-655.
    2. Olivier Mahul, 2001. "Optimal insurance against climatic experience," Post-Print hal-01952102, HAL.
    3. Olivier Mahul, 2001. "Optimal Insurance Against Climatic Experience," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 593-604.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agricultural insurance; all-risk; multi-peril; weather-based indexinsurance; area-based index insurance;
    All these keywords.

    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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