Crop insurance market in Hungary

Rita Koroseczné Dr. Pavlin (), Anett Parádi-Dolgos () and Zoltán Sipiczki ()
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Rita Koroseczné Dr. Pavlin: Kaposvár University
Anett Parádi-Dolgos: Kaposvár University
Zoltán Sipiczki: Kaposvár University - Pallas Athene Domus Scientiae foundation

No 5207521, Proceedings of Business and Management Conferences from International Institute of Social and Economic Sciences

Abstract: This study makes a review of the agricultural risks management systems in Hungary with a special focus on agricultural insurances. We present the different types of agricultural insurances and analyse the structure of crop insurance market in Hungary.The weather risks (example hail, drought, frost etc.) are the most significant uncertainty for agriculture enterprises. These risk are managed with agriculture insurance by the companies. Because of high fee of insurance the enterprises insure themself only for hail generally. In order to reduce the cost of insurance, Hungarian Government use the establishment of a solidarity fund system and also the supporting system of insurance payment ex-post ? in accordance with Common Agricultural Policy. Based on the rate of the aid there are 4 types of crop insurances on the market (the maximum level of this subsidy is 65 % of the insurance fee).We analyse in this study the market share of Hungarian agriculture insurance with the main focus on subsidized insurance market.

Keywords: crop insurance; agricultural risks management; subsidized insurance (search for similar items in EconPapers)
JEL-codes: G22 H25 Q14 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2017-05
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Published in Proceedings of the Proceedings of the 5th Business & Management Conference, Rome, May 2017, pages 105-115

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Persistent link: https://EconPapers.repec.org/RePEc:sek:ibmpro:5207521

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