insolvency of insurers, unacceptable insurance conditions) is a disincentive for
producers to insure their risks.
Conclusions reached are the basis for the development of practical
recommendations for the revitalization of the agricultural insurance market on the basis
of sustainable development.
2. Prospects, implementation and practice of agricultural insurance in
Ukraine in the context of sustainable development. One of the definitions of
sustainable development of agricultural producers is their ability (through the
mobilization of their internal reserves) to create a rational structure of production that
would help to mitigate the adverse consequences for business under the negative
external influences [8].
In order to implement the economic, social and environmental components of
development, and to protect agricultural producers, the state can invest funds either
through direct payments to victims as a result of agricultural risks or through state
support to agricultural insurance.
International experience of agricultural insurance confirms the effectiveness of
public-private partnerships in agricultural risk insurance [7].
It has been determined that in the international practice five types of private-
public partnership in agricultural risk insurance have been formed and successfully
functioning with the support of the state: of the most effective private-public
partnership (USA); with high influence of the state (Canada, Israel); insurance through
an insurance pool (Spain, Turkey); with the existence of a single insurer in the market
(Austria, Switzerland); with minimum state participation in the insurance system
(Germany) (Table 3).
In most of these models, the state is the initiator, organizer and guarantor of
insurance relations, as well as the supervisor for the insurer. Functionally, the state
coordinates insurance terms and conditions, subsidizes insurance premiums, provides
protection in the event of catastrophic risks, carries out reinsurance on the market,
including with the involvement of international reinsurance mechanisms.
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