Parametric insurance as innovative development factor of the agricultural sector of economy

Prokopchuk, Olena; Prokopchuk, Ihor; Mentel, Grzegorz; Bilan, Yuriy

dc.title	Parametric insurance as innovative development factor of the agricultural sector of economy	en
dc.contributor.author	Prokopchuk, Olena
dc.contributor.author	Prokopchuk, Ihor
dc.contributor.author	Mentel, Grzegorz
dc.contributor.author	Bilan, Yuriy
dc.relation.ispartof	Agris On-line Papers in Economics and Informatics
dc.identifier.issn	1804-1930 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2020
utb.relation.volume	12
utb.relation.issue	3
dc.citation.spage	69
dc.citation.epage	86
dc.type	article
dc.language.iso	en
dc.publisher	Faculty of Economics and Management
dc.identifier.doi	10.7160/aol.2020.120307
dc.relation.uri	https://online.agris.cz/archive/2020/03/07
dc.subject	agricultural insurance	en
dc.subject	classical insurance scheme	en
dc.subject	index	en
dc.subject	Insurance	en
dc.subject	insurance products	en
dc.subject	parametric insurance scheme	en
dc.subject	weather conditions	en
dc.subject	weather risk	en
dc.description.abstract	In the article a parallel between the classical and parametric scheme of agricultural risk insurance is conducted. The application aspects of parametric (index) schemes of insurance with emphasis on the use of weather index insurance products are examined, their advantages and disadvantages are considered. This research examined the applicability along with simple weather index insurance products combined, that can consider and put together a few parameters simultaneously and thus neutralize the impact of the whole weather risks at regional level. The authors demonstrated the feasibility of using the proposed combination of weather index (Ci) – a special indicator which characterize the impact of weather risk combitation intensity, measured by certain parameters (heat, cold → temperature; air humidification → relative humidity; drought → precipitation) on the grain maize yield in definite growth stages (flowering and grain filling). On the basis of research, the detail mechanism proposed by the authors of the combined weather index (Ci) in general, and on the example of concreate calculations, is performed in particular. © 2020, Agris On-line Papers in Economics and Informatics. All Rights Reserved	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1010403
utb.identifier.obdid	43882601
utb.identifier.scopus	2-s2.0-85108158468
utb.source	j-scopus
dc.date.accessioned	2021-07-09T11:31:05Z
dc.date.available	2021-07-09T11:31:05Z
dc.rights	Attribution 4.0 International
dc.rights.uri	https://creativecommons.org/licenses/by/4.0/
dc.rights.access	openAccess
utb.ou	Centre for Applied Economic Research
utb.contributor.internalauthor	Bilan, Yuriy
utb.fulltext.affiliation	Olena Prokopchuk1, Ihor Prokopchuk2, Grzegorz Mentel3, Yuriy Bilan4 1 Department of Finances, Banking and Insurance, Faculty of Economics and Entrepreneurship, Uman National University of Horticulture, Ukraine 2 Department of Agrochemistry and Soil Science, Faculty of Agronomy, Uman National University of Horticulture, Ukraine 3 Department of Quantitative Methods, Faculty of Management, Rzeszow University of Technology, Poland 4 Centre of Applied Economic Research, Tomas Bata University in Zlin, Czech Republic Corresponding authors Olena Prokopchuk, PhD Department of Finances, Banking and Insurance, Faculty of Economics and Entrepreneurship Uman National University of Horticulture, Ukraine, Uman Phone: +30982453895, E-mail: olena_prokopchuk@ukr.net ORICD: https://orIcd.org/0000-0001-7405-2469 Ihor Prokopchuk, PhD Department of Agrochemistry and Soil Science, Faculty of Agronomy Uman National University of Horticulture, Uman, Ukraine Phone: +30972285417, E-mail: pivotbi@ukr.net ORCID: https://orcid.org/0000-0001-9608-6061 Grzegorz Mentel, PhD Department of Quantitative Methods, Faculty of Management Rzeszow University of Technology, Poland E-mail: gmentel@prz.edu.pl ORCID: https://orCid.org/0000-0002-6371-1219 Yurii Bilan, PhD Centre of Applied Economic Research Tomas Bata University in Zlin, Czech Republic Phone: +48506354648, E-mail: yuriy_bilan@yahoo.co.uk ORCID: https://orcid.org/0000-0003-0268-009X
utb.fulltext.dates	-
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utb.fulltext.sponsorship	-
utb.scopus.affiliation	Department of Finances, Banking and Insurance, Faculty of Economics and Entrepreneurship, Uman National University of Horticulture, Ukraine; Department of Agrochemistry and Soil Science, Faculty of Agronomy, Uman National University of Horticulture, Ukraine; Department of Quantitative Methods, Faculty of Management, Rzeszow University of Technology, Poland; Centre of Applied Economic Research, Tomas Bata University in Zlin, Czech Republic
utb.fulltext.projects	-
utb.fulltext.faculty	Faculty of Management and Economics
utb.fulltext.ou	Centre for Applied Economic Research