AGRICULTURAL INSURANCE IN THE REPUBLIC SRPSKA

There is a significantly large, objective need for the agricultural insurance coverage in the Republic Srpska, especially in the environment of increasing climate changes. The insurance companies whose offer includes the insurance of agriculture are increasingly present and competing on the market, but the government also provides a big support by granting subsidies for agricultural insurance premiums. The author of this paper analyses the number and structure of agricultural insurance policies, the share of total agricultural insurance premiums in the non-life insurance premium total and/or the number of registered agricultural farms that benefited from the agricultural insurance premium recourses and/or took out the insurance coverage for their production. She concludes that the economic protection provided under the agricultural insurance cover has been underutilized in the Republic Srpska.

Keywords: agricultural insurance, insured risks, insurance policy, agricultural insurance premium subsidies, Republic Srpska