Development of Insurance Services in the Agrarian Sector of Ukraine in the Context of Globalization Processes

Abstract:

At the current stage, agrarian entrepreneurship in Ukraine is characterized by the transition to a brand new stage of development, which is caused, in the first place, by the processes of globalization and European integration processes. Ukraine in general, as well as national agrobusiness, face the challenge as to the choice and implementation of efficient development directions in the new geopolitical conditions under the tangible influence of globalization. The article presents the results of the research into the influence of globalization processes on the development of insurance services in the agrarian sector of Ukraine. The factors of globalization character and their influence on the development of insurance services were defined in the agrarian entrepreneurship. According to the findings of the study to these factors we refer the following: increase of the high-level risks in agro-production, consequences of global climate change and deepening of integration processes at the markets, enhancing the level of commercialization  of agrarian production, variation of insurance schemes, development and spread of pest and diseases in agrarian production, increasing requirements for the  environmental protection, liberalization of agricultural trade.