COMPARATIVE ANALYSIS OF SPECIAL TERMS AND CONDITIONS FOR ANIMAL INSURANCE IN THE AGRICULTURE INSURANCE MARKET IN SERBIA

In Serbia, animal insurance, or livestock insurance, is insufficiently developed. In addition, according to the latest published data in Serbia, this type of insurance accounts for only a small number of insurance policies, that is, a few thousand. The purpose of this paper is to analyse the offers of animal insurance on the agriculture insurance market in Serbia with the aim to determine if the reason for such insufficient development of this type of insurance lies in the characteristics of such supply offered on the domestic market. For such purposes, the paper will use the comparative research method to compare and analyse special terms and conditions for animal insurance, or livestock insurance, issued by the four major domestic insurers. Based on the conducted research, it can be concluded that on the agricultural insurance market in Serbia, there is a satisfactory offer regarding animal insurance, that is, the reasons for insufficient development of this insurance line do not lie in the offer. Demand will need to be encouraged and developed, as is the case with majority of other insurance lines on the domestic market, whereas farmers will need to be better informed and educated.

Кey words: insurance of agriculture, animal insurance, special terms and conditions for animal insurance, insurance in Serbia

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