State regulation systems of agricultural insurance

Abstract

Abstract The classification of entrepreneurial risks in the agricultural sector was reviewed and summarized. The current state of the agricultural insurance system, implemented with state support in the Russian Federation was studied. The paper considers the practice of agricultural insurance of foreign countries. The main reasons restraining the development of insurance in the agricultural sector and directions for improving the agricultural insurance system with state support in the Russian Federation were identified: the improvement of the agricultural insurance conditions established by law with state support; increasing financial stability and creating the necessary conditions for attracting the majority of agricultural producers to participate in the insurance system; expanding the line of insurance products; improving the procedures for concluding contracts and settling losses; and promotion of insurance as a risk management tool.