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The President of the NRA of the Roots of biggov: the crop insurance spring sowing reached an absolute record over the past 4 years
For 6 months of 2019, the market of agricultural insurance with state support demonstrated more than threefold increase compared to the same period in 2018, According to the insurance companies that have entered the database of the National Union of agricultural insurers on 1.07.2019 G., the volume of insurance premiums on contracts with government support from January to June amounted to 1.95 billion rubles, which is comparable to the volume of the market for the entire 2018 (2.0 bln. RUB.).
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"The main driver of the market was a manifold increase in the segment of crop insurance insured acreage has increased 9 times (+825%) in comparison with the same period in 2018, the number of insured farms 6 times (+497%), the volume of premiums in 7 times (+620%), – said the President of the NRA of the Roots of biggov. – Insured crop area of spring sowing reached 2,093 million hectares, which is 81% higher than the insured fields for all of 2018".

"The majority of the market of agricultural insurance is crop insurance – the premium in this segment amounted to 1,425 billion roubles, an increase by 620% compared to the same period in 2018 (198 million rubles). Insurance animals also has a positive trend: marked increase insurance premiums by 37%, to RUB 521 million (previous year 381 million RUB). The growth of the agricultural insurance market is a natural and direct result of legislative changes in the field of agricultural insurance, which entered into force in March, and measures of reinstatement of subsidies by the agriculture Ministry, NSA and many regional bodies of agrarian and industrial complex", – said the President of the NSA.

"The growth of the insurance market of the plant is accelerated the nature of the recovery after the recession caused by the transition to the "single grants", – said the President of the NRA of the Roots of biggov. – At the same time draws attention to the fact that at the end of the first half of 2019 with insurance against risks of crop achieved an absolute record in almost all indicators over the past 4 years since moving to a unified system of agricultural insurance with state support in 2016 So this year insured a large area of crops of spring sowing than in 2016 – then the figure of July 1, amounted to 1,865 thousand hectares. Thus, crop insurance has not only recovered, but also showed the trend of growth."

From 1 January 2016 at the market of agricultural insurance with state support is a single national Association, the national Union of agricultural insurers. Insurance companies, who are members of NSA do not have the right to enter into contracts of insurance with state support. The creation of a centralized system of agricultural insurance in the Russian Federation is provided by Federal law 22.12.2014 No. 424-FZ on amendments to the Law "On state support in agricultural insurance..." №260-FZ.

 

From March 1, 2019 to the Law "On state support in agricultural insurance..." №260-FZ introduced changes aimed at increasing flexibility of conditions of crop insurance for farmers.



Translated by service "Yandex.Translation"
Источники: Agro2b
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