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Innovative Financial Criteria For Methodological Approaches To The Assessment Of Agrarian Insurance

Author

Listed:
  • Yuliia Aleskerova

    (Vinnytsia National Agrarian University, Ukraine)

  • Liubov Kovalenko

    (Uman National University of Horticulture, Ukraine)

  • Vita Havryliuk

    (Podillia State Agricultural and Technical University, Ukraine)

Abstract

The purpose of this article is to study the experience of financial support of agricultural insurance system of Ukraine. Investigated peculiarities of innovative financial criteria of methodological approaches to the estimation of agrarian insurance methodical provision of process and technologies of agricultural insurance are evaluated. The content and principles of functioning of the mechanism of agricultural insurance are revealed. Methodology. The methodical approaches for determining the target indicators of a comprehensive assessment of the development of the agricultural insurance system and its criterion characteristics are developed. Agricultural insurance is considered an area of insurance that is technically demanding. The state is considered and trends and regularities of insurance development are revealed. An assessment of the suitability of any agricultural insurance service should take into account the production system; asset type; key risk factors that are subject to insurance; location of agricultural land; data availability; the size of the farm; sales channels. The research was based on the use of a systematic approach to the consideration of financial phenomena, on the fundamental positions of economic theory, system theory, the theory of finance, insurance management, etc. The quality in the hypostasis of the philosophical category characterizes the stable property of the phenomenon in the dynamics of its general development. Results. The practice and peculiarities of insurance protection of agricultural commodity producers are traced. The advantages and disadvantages of an assortment of insurance products are determined. The main internal and external factors influencing the mechanism of agricultural insurance have been identified. Practical implications. Deepened scientific ideas about the formation of the insurance policy. Unification is carried out according to different algorithms. This is due to the expediency of unifying the components for which the ranking is from the highest to the lowest. Value/originality. The essence of state support of agricultural insurance is determined. Innovative tariff policy is proposed and possibilities of application of non-traditional agricultural insurance products are revealed. The recommendations for determining the main landmarks and the dominant components of the development of agricultural insurance system development strategies have been formed. The conceptual platform for harmonization of the mechanism of agricultural insurance and improvement of its institutional and infrastructural component is substantiated.

Suggested Citation

  • Yuliia Aleskerova & Liubov Kovalenko & Vita Havryliuk, 2019. "Innovative Financial Criteria For Methodological Approaches To The Assessment Of Agrarian Insurance," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(4).
  • Handle: RePEc:bal:journl:2256-0742:2017:5:4:5
    DOI: 10.30525/2256-0742/2019-5-4-34-41
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    References listed on IDEAS

    as
    1. Tetiana Plakhtii & Lidiia Fedoryshyna & Olena Tomchuk, 2019. "Socio-Economic Component Of Preferential Taxation Of Individual Income," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(2).
    2. Yuliia Aleskerova & Lidiia Fedoryshyna & Natalia Koval, 2018. "Features Of Loan Security For The Reproduction Of Fixed Assets For Agricultural Purposes," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(4).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Anzhelika Mashevska, 2020. "Wage Payments In The World," Green, Blue & Digital Economy Journal, Publishing house "Baltija Publishing", vol. 1(1).

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    More about this item

    Keywords

    agricultural insurance; socio-psychological concept; development; financial; relations; innovation; investment; processes; analyse;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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