Table 1 Dynamics of insurance of agricultural crops in Ukraine, 2010-2015
Indicators 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Number of
contracts
910 1330 4397 1637 1980 1217 2710 1936 1722 1392 1062
Share of
insured
enterprises,
%
1,6
2,5
8,5
3,3
3,6
2,2
5,0
3,6
3,5
3,0
2,3
Insured
area,
thousand
hectares
390 670 2360 1171 510 553
786
727
869
732 689
Relative
share of
insured
area in the
total sown
area, %
1,5
2,6
9,1
4,3
1,9
2,1
2,8
2,6
3,1
3,9
3,7
Insurance
premium,
mln UAH
12,8 28,5 116,7 155,4 42,0 72,1 136,3 130,4 135,4 73,0 77,7
mln USD
2,5
5,6
23,1 28,5
5,4
9,1
17,1 16,3 16,9
6,1
3,6
Subsidy,
mln USD
5,8 12,5 47,8 72,8
-
-
-
-
-
-
-
Relative
share of
subsidy in
insurance
premium,
%
45,3 43,9 41,0 46,8
-
-
-
-
-
-
-
Average
insurance
premium
rate, %
3,79
na
4,54 4,93 3,24 3,83 3,74 3,77 3,10
na
2,0
Level of
payments,
%
na
na
na
na
36,5 50,9 28,0 41,0
9,7
na
12,9
Source: authors’ calculations based on the data of AIP, State Statistics Service of Ukraine
The high level of winter wheat insurance is attributed to significant risks
throughout the growing season and to the benefits of standardized insurance products.
According to the Plant Production Institute named after. V.Ya. Yuryev of NAAS, the
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