Spanish system of agricultural insurance is unique in Europe, as until very recently it was the only European model, the same as “American”, provided active state participation in support to agro-insurance. “It was the only one until very recently” – means that European countries started to follow Spanish experience. For example, subsidized agricultural insurance appeared in Italy two years ago. Other countries are looking closely at this model and opportunities for implementation in their states. Moreover, Spanish system pretends to receive a status of a mixed model, which overpasses disadvantages of the above models and bring them together. Spain overpasses disadvantages of the above models by agreement between insurers, insured and state administration.
Analytical report "Development of Agricultural Insurance and Reorganization of Insurance premiums Subsidy Program in Ukraine" was prepared by Roman Shynkarenko for Agricultural Policy, Legal and Regulatory Reform Project (USAID) in May-June 2006. The report provides review of regulatory documents in the area of agribusiness insurance; defines legislative obstacles for creation of new insurance products; and proposed the concept for agricultural insurance system development in Ukraine.
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