EMPIRICAL STUDY REGARDING THE DEVELOPMENT OF AGRICULTURAL

Abstract: Maintaining a certainty degree for the agricultural producers in order to obtain stable and efficient results makes it both necessary and welcomes the protection through insurance and reinsurance in this field. In this paper we carry out an analysis regarding the penetration degree of agricultural crops insurance in Romania, as well as regarding the government implication as an insurer. The authors’ conclusions is that from the 43 insurance companies that presently operate on the market, only 11 offer agrarian insurance contracts. To reach the level of the developed countries in the European Union, where the degree of insurance covering of agricultural fields is situated around an average of 65-70%, for Romania there is a 48-53 % segment of the total insurable agricultural field that still needs to be covered