Agricultural insurance: Experiences of the Republic of Serbia and Republic of Srpska

Agricultural insurance, in the current conditions of increasingly pronounced climate changes, can be considered a necessary agrotechnical measure. The aim of the paper is to analyze the current development of agricultural insurance in the Republic of Serbia and in the Republic of Srpska. For this purpose, a statistical, descriptive, as well as analysis and synthesis method is used. The authors conclude that both in the Republic of Serbia and in the Republic of Srpska, agricultural insurance is insufficiently developed, despite significant financial support from the state, as well as satisfactory offers on the agricultural insurance market. In both countries, the subjective need of agricultural farms for insurance is insufficiently expressed due to the fact that most farmers do not have a developed awareness of the importance of economic protection of their production or have bad experiences with insurers, related to inadequate damage assessment