RESERVE CALCULATION OF THE FIRST TO AGRICULTURAL CROP INSURANCE

Anca Amalia Năstase
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Anca Amalia Năstase: SC GROUPAMA SA ROMANIA

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 215-218

Abstract: In addressing this issue we started the idea of suggesting a new method of calculating insurance premium reserve of agricultural crops, taking into account the particular risk event covered under the policy. There Romanian insurance market agricultural policies have laid a strict stop date of validity, and termination policies stating at harvest (without specifying a strict time), but not later than the date on which the these crops are normally harvested. Personally, I think more correctly the second type of policy, since it can provide, exactly, when it will harvest a particular crop, and to restrict the validity of the policy until a certain date, required (eg 20 July for wheat crop - as provided in policies of insurance companies) means that exactly at the critical policy ceases.

Keywords: first-book; risk; uncertainty; agricultural crops; first subscribed; asigurbile risks; the insurance policy. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:215-218

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