Agriculture insurance - balance of interests
Russian market of crop insurance is characterized by number of essential features. First of all, it suffers risk of the raised unprofitability, including due to significant losses from natural cataclysms (a drought, a frost, a hailstones, etc.), secondly, absence of actual statistics on unprofitability complicates work - such statistics is not being carried out from the moment of general insurance system disintegration.
Today Russian Agriculture insurance develops in the context of «Spanish model», which overall objective stabilization of farmers’ incomes and involving them in risks management. The system of agrarian insurance in Spain is constructed on interest and, accordingly, interaction of three basic participants - agricultural manufacturers, insurance companies and government. Agricultural manufacturers are interested in receiving insurance protection at the minimal cost. Insurance companies wish to conduct insurance operations with sufficient profitability degree, and thus test the certain shortage of the necessary information and methodological development for work with agrarian sector. And the government, from its part, pursues the state interest, wishes to create conditions for stable work of national agrarian sector in order to protect the manufacturer at minimal public costs.