Abstract:

The article investigates structural features of the agricultural insurance market, which results in the definition that the latter has a complex three-sector internal structure and is surrounded by the external environment. It is determined that its internal structure, in turn, consists of a set of components that are combined into three sectors: sector I - an authorized body for insurance activity supervision; II - structural elements; III - infrastructure elements. External environment is a system of interdependent factors that surround and affect the internal system. Such grouping more fully and orderly reflects the structural composition of the agricultural insurance market from the point of both internal and external components. The interpretation of ‘agricultural insurance’ concept has been improved. As a result, the four key definitions of this category as well as its key advantages have been identified and outlined. The essence of the concept of ‘insurance protection in the agricultural sector of economy’ is investigated.