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Agricultural Insurances in Italy: Current Evolution and Future Prospect in Light of the Forthcoming CAP Reform

Author

Listed:
  • Simone Severini
  • Claudia Cupidi

Abstract

Considering that risk management can improve the competitiveness of agricultural enterprises, since 2009 the Common Agricultural Policy (CAP) has introduced measures to support certain risk management tools, including agricultural insurance. The recent CAP reform proposals suggest shifting them into the rural development policies and introducing a new income stabilization tool. This article analyzes the recent positive evolution of the agricultural insurance business in Italy, highlighting the fact that it is not very widespread, especially in central and southern Italy. Furthermore, it discusses the opportunities and limitations of the CAP reform proposals in this sector.

Suggested Citation

  • Simone Severini & Claudia Cupidi, 2012. "Agricultural Insurances in Italy: Current Evolution and Future Prospect in Light of the Forthcoming CAP Reform," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
  • Handle: RePEc:rar:journl:0249
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    More about this item

    Keywords

    Farm insurance; Risk; Risk management; Common agricultural policy;

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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