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The roots of Bizhdov, President of NSA: in the first half of 2019, the market of agricultural insurance with state support in Russia has grown by 176% and exceeded 2 billion rubles
"In General, the agricultural risks insurance market of Russia, subsidized without state support, for the first 6 months 2019 increased by 65% – more than 1.5 times. The volume of this market increased from 1.66 billion RUB to 2.73 billion. the Main driver of growth was the restoration of the system of agricultural insurance with state support, which led to an almost threefold increase in accrued premiums on subsidized contracts," – said the President of the National Union of agricultural insurers the Roots of Beidou, commenting on the Union conducted an analysis of the data the NSA and published 6 Sep insurance statistics Bank of Russia.
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A year earlier in total insurance portfolio of non-dominated revenues on contracts that farmers pay self-insurance premium in this segment reached 904,3 million RUB in the first 6 months, while policies with state – 753 million RUB Now the premium on contracts with state support, according to the Bank of Russia increased in the first half of 2019 to 2.08 billion rubles, or 176% over the same period 2018 Main impetus to this development has given a sharp growth in crop insurance average insurance premium has increased almost fivefold, with RUB 296 million for the first 6 months of 2018 to 1.46 billion RUB in the first half of this year. But in the subsidized insurance of animals marked positive dynamics – the volume of this market grew by 36%, from 457 to 621 million RUB million RUB

"At the same time, the volume of premiums on contracts without subsidies decreased by 28% to 653 million RUB compared to 904 million RUB, the company informed. This may be due to the fact that farmers in the conditions of recovery of subsidy preferred to make part of the contracts on the terms of state support", – said the President of NSA.

"The restoration of the system of subsidies of agricultural insurance, which was the result of the measures of the Ministry of agriculture of Russia, Bank of Russia, Ministry of Finance and NSA, has led to the fact that in the agricultural sector again began to form a "core" actively using insurance instruments. NSA data confirm that this year there is a more than fourfold increase in the number of farms insured their crops. The number of livestock farms that purchase insurance protection in the conditions of state support, also continues to grow, albeit at a slower pace: it increased by 12%," – said the Roots of biggov.


"According to the NSA, for the year the insurance market selkhozizdat should reach 4.5 billion roubles, published by the Bank of Russia of the first half proved high probability of this parameter, – said the President of NSA. – At the same time, the size of the agricultural insurance market is still insufficient for the effective maintenance of the agricultural sector: according to NSA, the magnitude of the losses to farmers from major events this year has already exceeded 11 billion rubles to More than 9 billion rubles. in the regions the Ministry of agriculture in order assess the damage of agricultural producers from emergency situations".

Translated by service "Yandex.Translation"
Источники: Agro2b