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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