insurance is one of the first steps of forming national model of public-private 

partnership in the insurance of agricultural risks with state support.  

 

Figure 1 – Characteristics of the model of public-private partnerships in agricultural 

insurance with government support 

Source: [6] 

Insurant - 

Agricultural 

enterprise 

Insurer – insurance 

company 

The State 

Reducing 
vulnerability from 
risk of exposure to 
adverse weather 
conditions; 
reimbursement of 
losses; improving the 
financial stability of 
enterprises; the 
ability to attract 
financial and credit 
sources with the 
participation of the 
state. 
 

Administration, 
organization and 
promotion of 
insurance services; 
implementation of 
insurance policies; 
collecting premiums; 
assessment and 
settlement risks; 
determination of 
damages, payment of 
insurance 
compensation when 
the insured event. 

Initiation, legal regulation, 
organization and guarantee 
insurance relations; control 
and supervision of the 
insurer; coordination and 
approval of insurance; 
subsidizing insurance 
premiums; providing state 
protection upon the 
occurrence of catastrophic 
risks (using its own 
subsidized programs and 
international reinsurance). 

Subjects

 

Mileston

es

, priori

ties

 

Expanding the 
customer base; 
increasing revenue 
and strengthening 
the financial stability 
of insurance 
companies; 
diversification and 
competitiveness of 
insurance products 
and improvement of 
their provision. 

Ensuring economic and 
food security; ensuring 
sustainable production in 
agriculture; protection of 
property interests of 
agricultural producers; 
increasing revenue from 
agricultural producers and 
insurance companies. 
 
 
 
 
 
 

Formation of the 
output array of 
information; 
conclusion and 
compliance 
(including farming) 
of insurance 
contract; payment of 
premiums; obtaining 
insurance 
compensation when 
the insured event. 

Function

al auth

ority

 

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