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Index insurance in the agricultural field: a view of world experience and implementation possibilities in Azerbaijan

Khaliq Ghafarli Abulfaz

kgafarli2018@ada.edu.az

24165 ­ ­ AZ ­ ­ 43. April 2023 ­ ­­ ­ agrarian field insurance risks index insurance index insurance application practices

 

UOT: 338.43, 338.434: 368.5

The article examines the essence of agrarian insurance, its working mechanisms and its application in different countries of the world. Special attention is paid to issues related to index insurance in agriculture. The features and directions of application of indexed insurance are explained. The practices of applying indexed insurance are analyzed. Assessments are being made regarding the possibilities of applying indexed agricultural insurance in Azerbaijan.

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AUTHORS

 

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Okiemua. Okoror

Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK

   

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Galib. Sharifov

Head of the Department of Quality Management of "Agro Procurement and Supply" OJSC, ISO standards expert

  Doctor of Philosophy in Economics  

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Hagar. Namazova

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Lala. Jabbarlı

Ph.D. student of the Agricultural Economics Research Center

   

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Fuad. Ibrahimov

Economic issues expert of the Center for Socio-Economic and Ecological Research Public Union

  Doctor of Philosophy in Economics  

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Lotanna. Emediegwu

Department of Economics, The University of Manchester, UK | Department of Agricultural Economics, University of Ilorin, Nigeria | Department of Economics, Policy and International Business, Manchester Metropolitan University, UK

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Abrehet. Mehari

Lecturer in Ethiopia Civil Service University, Ethiopia, Addis Ababa; Ph.D. candidate in Azerbaijan State University of Economics

   

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Sevil. Maharramova

PhD student of the Scientific Research Institute of Agromechanics

   

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Firdovsi. Fikratzade

Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Turaj. Musayev

Agricultural Economics Research Center, leading specialist

   

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Saadat. Guliyeva

Azerbaijan Academy of Labor and Social Relations

  Doctor of Philosophy in Economics  

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Esmira. Latifova

Director Adviser, Agricultural Economics Research Center

   

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent