The role of insurance in providing financial safety of agricultural development

Abstract

Introduction. The article analyses the state of the insurance market of Ukraine. It is found out that during the investigated period the indexes of insurance of agricultural products have reduced. It is established that the insurance system of agriculture is the regulator of the processes of social and economic development in the agricultural sector. There is a systematic list of agricultural risks, which determine the specifics of the industry.

Purpose. The article aims is to define and carry out the analysis of insurance in ensuring financial security of agricultural development, to study the insurance market and systematize the scientific views.

The method (methodology). In the process of research, we have used the following methods: method of comparison, method of analysis, method of theoretical and logical generalization. The dialectical method of research has become the methodological basis of the study.

Results. It has been established that special importance in the regulation of financial security of agricultural development acquires the role of agri-insurance, as a way of levelling out possible threats. It has been revealed that the most common risks in agriculture that affect the financial security situation are natural risks, risks of self-reproduction, seasonality, low competitiveness, limited attractiveness of agricultural production for investors, etc.