Naslov (eng)

A MODEL FOR DETERMINING PREMIUM RATES IN INDEXBASED CROP INSURANCE

Autor

Kočović, Jelena
Cvijanović, Drago
Koprivica, Marija

Publisher

Opis (eng)

Abstract The paper deals with index-based crop insurance as a tool for managing flood and drought risks in agriculture. We introduce a novel model for determining premium rates in index-based crop insurance which combines the loss cost method and the average yield method. The proposed model was applied to data related to the production of selected crops in Serbia to calculate unique premium rates for index-based insurance for cereals, industrial crops and fodder plants. The paper also outlines the prerequisites for index-based crop insurance to become technically, operationally, and financially feasible in Serbia. We propose the introduction of mandatory index-based crop insurance, along with necessary legislative amendments and subsidization of insurance premiums.

Jezik

engleski

Datum

2024

Licenca

Ovo delo je licencirano pod uslovima licence
Creative Commons CC BY-SA 4.0 - Creative Commons Autorstvo - Deliti pod istim uslovima 4.0 International License.

http://creativecommons.org/licenses/by-sa/4.0/legalcode

Predmet

Keywords: index-based crop insurance, flood risk, drought risk, premium rate

Deo kolekcije (1)

o:28218

Ekonomski fakultet