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Digest Finance

Major trends in developing the State supported agricultural insurance in Russia

Vol. 27, Iss. 3, SEPTEMBER 2022

Received: 14 March 2018

Received in revised form: 2 April 2018

Accepted: 25 April 2018

Available online: 29 September 2022

Subject Heading: Insurance

JEL Classification: G28, O13, Q14, Q18

Pages: 346–358


Natal'ya S. KOZYR' Kuban State University (KubSU), Krasnodar, Russian Federation

ORCID id: not available

Anastasiya P. BOIKO Kuban State University (KubSU), Krasnodar, Russian Federation

ORCID id: not available

Subject. The article addresses the system of State supported agricultural insurance in the Russian Federation. The issue is of special importance within the import phaseout policy implementation, as effective functioning of the agricultural insurance system is a key success factor of the country's food security enhancement.
Objectives. The study analyzes positive and negative trends in the sphere of State supported agricultural insurance in Russia.
Methods. We employ general scientific methods of research, statistical, comparative and historical methods. When processing and systematizing the information, we use the classification method and the systems approach.
Results. The paper discloses the following negative trends in the State supported agricultural insurance, i.e. insufficient level of insured farm animals; reduced volumes of State support; difficulties for farmers to get insurance claim payment, significant excess of the volume of government subsidies for insurance over paid insurance claims. Positive aspects include fighting against pseudo-insurance, enhancing the control over activities of agricultural insurers, and developing the institution of the mediation.
Conclusions. It is required to develop institutions of loss-adjusters and surveyors in the sphere of agricultural insurance, to improve infrastructure, to expand the network of agrometeorological stations to streamline the process of insurance compensation.

Keywords: agricultural insurance, government support, pseudo-insurance, National Union of Agricultural Insurers, Russian National Reinsurance Company


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