PRESENT FRAMEWORK OF AGRICULTURAL INSURANCE
Journal Title: Revista Tinerilor Economisti - Year 2007, Vol 1, Issue 9
Abstract
The international agricultural insurance market has an important dimension. The experience of economically developed countries revealed the fact that without a stable development of agricultural insurances, there is no chance for high performance agriculture. This will require the establishment of a framework for responding to severe systemic events affecting agricultural production, and establishing an appropriate regulatory environment to foster private sector innovation and investment in services for less catastrophic events. During the last few years, at the international level, a variety of new financial mechanisms present the capacity of solving many issues related to the traditional projection of agricultural insurances. New instruments operate based on the configuration of the insurance indemnity payment, thus it will be paid when it reaches a certain level determined by statistic calculations and designed as the “index”.
Authors and Affiliations
Narcis Mitu
Keywords
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