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Information Systems and Technologies of Insurance Coverage of Agricultural Business

Author

Listed:
  • Henrikh Hudz

    (Taras Shevchenko National University of Kyiv, Kyiv, Ukraine)

Abstract

The aim of the article is to evaluate the development of information systems and technology in the insurance industry and to study their impact on the organization of insurance protection in the agrarian sector. The necessity of wide use of modern information technology in the organization of insurance protection for agricultural producers is substantiated. The main types of information systems and technologies are characterized, including: multispectral sensing using unmanned flying vehicles, assessment of vegetation based on satellite images, remote sensing with the recording of data in the Geographic Information Systems (GIS), analysis of multispectral images, Internet things, digital networks for early warning, crowdsourcing, tools of information exchange through social networks. An example of using the remote sensing technology to map and monitor the growth of rice in some regions of Asia is considered. The practice of crowdsourcing platforms to increase the accuracy of the effects of precipitation is discussed.

Suggested Citation

  • Henrikh Hudz, 2016. "Information Systems and Technologies of Insurance Coverage of Agricultural Business," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 95-103, June.
    • Handle: RePEc:iaf:journl:y:2016:i:2:p:95-103
    as

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    File URL: http://www.afj.org.ua/en/article/381/
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    References listed on IDEAS

    as
    1. World Bank, 2011. "ICT in Agriculture : Connecting Smallholders to Knowledge, Networks, and Institutions," World Bank Publications - Reports 12613, The World Bank Group.
    2. Derek Byerlee & Alain de Janvry & Elisabeth Sadoulet, 2009. "Agriculture for Development: Toward a New Paradigm," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 15-31, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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