Agricultural insurance in the Republic Srpska

Abstract

There is a significantly large, objective need for the agricultural insurance coverage in the Republic Srpska, especially in the environment of increasing climate changes. The insurance companies whose offer includes the insurance of agriculture are increasingly present and competing on the market, but the government also provides a big support by granting subsidies for agricultural insurance premiums. The author of this paper analyses the number and structure of agricultural insurance policies, the share of total agricultural insurance premiums in the non-life insurance premium total and/or the number of registered agricultural farms that benefited from the agricultural insurance premium recourses and/or took out the insurance coverage for their production. She concludes that the economic protection provided under the agricultural insurance cover has been underutilized in the Republic Srpska.

The impact of digital technologies on agricultural insurance

“…According to [1], the agriculture of Ukraine has recently been experiencing certain difficulties, which are associated with the fighting taking place in the south and east of Ukraine, the low level of professionalism of management structures, the inhibition of reforms of the agro-industrial sector, the technological backwardness of agricultural enterprises.…”