Development of the agricultural business insurance system in Ukraine

Natalia Sirenko, Olha Melnyk, Oleksandr Bilichenko, Olena Bodnar and Kateryna Mikuliak

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2025, vol. 32, issue 4

Abstract: The research interest was driven by the limited level of insurance coverage in the agricultural sector, which reduced the ability of producers to withstand economic losses and climate impacts. The purpose of the study was to identify the features of the functioning of the agricultural insurance system in Ukraine and to justify the relevance of adapting institutional and technological practices of the European Union countries for its modernisation. The methodological framework of the study included the application of the dynamic analysis method to evaluate changes in the key indicators of the Ukrainian insurance market during 2022-2024; the comparative analysis method to contrast organisational models of agricultural insurance in France, Germany, Spain, and Poland; the structural analysis method to identify dominant elements within the insurance coverage system; the content analysis method for a systematic review of regulations, analytical reports, and technological solutions aimed at improving the efficiency of insurance protection. Also, it was used logical generalisation method for developing conclusions and recommendations based on the obtained analytical results. The findings indicated that the share of insured agricultural land in Ukraine remained significantly lower than in the aforementioned EU countries, where the coverage level reached 30-50%. It was established that the existing system did not ensure an adequate distribution of risks, creating conditions for the financial vulnerability of small and medium-sized farming enterprises. The study identified key barriers to the development of the national agricultural insurance system: the absence of subsidisation of insurance premiums, high costs of insurance services, and low awareness levels among agricultural producers. The effectiveness of European models was found to rely on the use of state support, reinsurance mechanisms through international structures, and the implementation of digital technologies for risk assessment. The adaptation of these instruments to the conditions of Ukraine was considered necessary for expanding access to insurance services and strengthening the financial stability of the agricultural sector. The results obtained may serve as a foundation for the development of effective public policy measures in agricultural insurance provision

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/412133/files/3 ... 2025_17-06-70-83.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:412133

Access Statistics for this article

More articles in Ekonomika, Journal for Economic Theory and Practice and Social Issues from Society of Economists Ekonomika, Nis, Serbia
Bibliographic data for series maintained by AgEcon Search ().