IDEAS home Printed from https://ideas.repec.org/a/sek/jijobm/v5y2017i1p70-79.html
   My bibliography  Save this article

Crop insurance market in Hungary

Author

Listed:
  • RITA Koroseczné Dr. Pavlin

    (Kaposvár University)

  • ANETT Parádi-Dolgos

    (Kaposvár University)

  • ZOLTÁN Sipiczki

    (Kaposvár University - Pallas Athene Domus Scientiae foundation)

Abstract

This study makes a review of the agricultural risks management systems in Hungary with a special focus on agricultural insurances. We present the different types of agricultural insurances and analyze the structure of crop insurance market in Hungary.The weather risks (example hail, drought, frost etc.) are the most significant uncertainty for agriculture enterprises. These risks are managed with agriculture insurance by the companies. Because of a high fee of insurance the enterprises insure themselves only for hail generally. In order to reduce the cost of insurance, Hungarian Government uses the establishment of a solidarity fund system and also the supporting system of insurance payment ex-post ? in accordance with Common Agricultural Policy. Based on the rate of the aid there are 4 types of crop insurances on the market (the maximum level of this subsidy is 65 % of the insurance fee).We analyze in this study the market share of Hungarian agriculture insurance with the main focus on the subsidized insurance market.

Suggested Citation

  • RITA Koroseczné Dr. Pavlin & ANETT Parádi-Dolgos & ZOLTÁN Sipiczki, 2017. "Crop insurance market in Hungary," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 5(1), pages 70-79, May.
    • Handle: RePEc:sek:jijobm:v:5:y:2017:i:1:p:70-79
    as

    Download full text from publisher

    File URL: https://iises.net/international-journal-of-business-management/publication-detail-1339
    Download Restriction: no
    File URL: https://iises.net/international-journal-of-business-management/publication-detail-1339?download=6
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. József Varga & Zoltán Sipiczki, 2015. "The financing of the agricultural enterprises in Hungary between 2008 and 2011," Proceedings of Economics and Finance Conferences 2204355, International Institute of Social and Economic Sciences.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jun Wang & Qian Zhang & Pengwen Hou, 2022. "Implications of credit default and yield uncertainty on supply chain’s equilibrium financial strategy," Annals of Operations Research, Springer, vol. 315(1), pages 507-533, August.
    2. Zhimei Lei & Kuo-Jui Wu & Li Cui & Ming K Lim, 2018. "A Hybrid Approach to Explore the Risk Dependency Structure among Agribusiness Firms," Sustainability, MDPI, vol. 10(2), pages 1-17, February.

    More about this item

    Keywords

    crop insurance; agricultural risks management; subsidized insurance;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:jijobm:v:5:y:2017:i:1:p:70-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://ijobm.iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.