Indemnity Payments in Agricultural Insurance: Risk Exposure of EU States

• Tác giả: Osman Gulseven, Kasirga Yildirak
• Ngôn ngữ: eng
• Ký hiệu phân loại: 368.7 *Insurance against industrial casualties (accidents)
• Thông tin xuất bản: 2020
• Bộ sưu tập: Metadata
• ID: 164080

Tóm tắt

Comment: 8 pages, 3 tablesThis study estimates the risk contributions of individual European countries regarding the indemnity payments in agricultural insurance. We model the total risk exposure as an insurance portfolio where each country is unique in terms of its risk characteristics. The data has been collected from the recent surveys conducted by the European Commission and the World Bank. Farm Accountancy Data Network is used as well. 22 out of 26 member states are included in the study. The results suggest that the EuroMediterranean countries are the major risk contributors. These countries not only have the highest expected loss but also high volatility of indemnity payments. Nordic countries have the lowest indemnity payments and risk exposure.