UDC 368.5(477)

V. Shebanin
I. Kormishkin

Abstract. The article analyzes the market of agrarian insurance in Ukraine.  The survey found that in the reported year there have been some positive changes in the agrarian insurance market in Ukraine, namely: the number of concluded insurance contracts increased by 21%; the volume of collected insurance premiums in the hryvnia increased by 30%; the amount of insurance premiums in the dollar equivalent increased by 28%. In the field of plant growing it was discovered that in 2017 insurance payments were made only after three crops: winter rape, winter wheat and winter rye. The study of livestock insurance showed that in 2017 there were 23 insurance contracts for animals, of which the bulk of the contracts are for cattle insurance.

It is substantiated that the provision of insurance services in the agricultural sector is a weakness of its financial relations.  Specialists note that the insurance of risks in agrarian business is actually in a state of origin.  This is mainly due to the distrust of agricultural producers to the insurance companies.

It was established that as of 02.08.2017, there were 58 insurance companies licensed to conduct insurance activity in the form of voluntary insurance of agricultural products, but insurance of agricultural crops was carried out by only 13 insurance companies.  Investigation of insurance payments by companies showed that the main share of payments fell on the insurance company “Aska”.

It is noted that today in Ukraine there are such insurance programs that provide compensation for losses from weather and climate risks and meet the requirements of a specific region.  In the course of the study, it was established that insurance issues are not only about insurance companies, but also business structures.

In order to improve the situation on the market of agrarian insurance in 2012 an insurance association “Agrarian Insurance Pool” was created.  It is a non-profit organization that unites Ukrainian insurers on a voluntary basis and which basic activity is related to the organization and implementation of risk insurance in the field of production, storage and circulation of agricultural products, including voluntary insurance of agricultural products with state support from agricultural  industrial risks carried out in accordance with the Law of Ukraine “On the peculiarities of agricultural products with state support”, as well as legal and normative acts approved for the implementation of this Law.

A number of reasons and erroneous decisions of the authorities, which give the rise of distrust of agrarians to agrarian insurance are determined.

It is considered the state directions of market development of agrarian insurance and proposed measures to build an effective model of state support for agricultural insurance.  It is established that the current state of the development of the agrarian insurance system in Ukraine dictates the need for a systematic approach to its development the basis of which will be the definition and legislative form of interaction between the three main participants in agrarian insurance – agricultural producers, insurance companies and government.

Keywords: insurance, agriculture, payments, insurance programs, agrarian enterprise.