How can we help?

Article, author, etc.

Theoretical aspects of index insurance in agriculture and prospects of application in Azerbaijan

34852 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ system risks traditional insurance index insurance homogeneous and local risks weather and productivity index

 

Abstract

Recently, in order to effectively manage systemic risks in the agriculture of developed and developing countries, an index-based insurance model based on weather data, which is considered an innovative insurance product, is actively used. Index insurance is considered as an alternative to the traditional insurance model and plays an important role in overcoming many problems that traditional insurance cannot solve. The article examines the essence, mechanism of operation, advantages and disadvantages of indexed insurance. Prospects for the application of the new insurance product in Azerbaijan's agriculture were analyzed on the basis of the study of world experience in the relevant field. At the same time, the problems facing the application of the index insurance model were investigated.

ARTICLES FROM THE AUTHOR

 

No other article by the author!

 

ARTICLES - PDF

 

AUTHORS

 

Cover
Samir. Agayev

Ph.D. student of Azerbaijan State Economic University (UNEC)

   

Cover
Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

Cover
Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent  

Cover
Turan. Hajiyeva

Specialist of the Agricultural Research Center

   

Cover
Fuad. Ibrahimov

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

  Doctor of Philosophy in Economics  

Cover
Esmira. Latifova

Director Adviser, Agricultural Economics Research Center

   

Cover
Izzat. Talibov

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

Cover
Zaur. Asadov

Azerbaijan State Oil and Industrial University

  Doctor of Philosophy in Economics  

Cover
Elbrus. Akbarov

Azerbaijan State University of Economics (UNEC), senior lecturer

   

Cover
Heydar. Agayev

Ph.D. student of the Azerbaijan Cooperation University

   

Cover
Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

Cover
Aygun. Huseynova

Baku State University

   

Cover
Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

Cover
Samir. Akhmedov

Ph.D. student of the Agricultural Economics Research Center

   

Cover
Mushfiq. Tukanov

Ph.D. student of the Agricultural Research Center

   

Cover
Akif. Aghbabali

Baku State University