South Asian Journal of Marketing & Management Research
  • Year: 2022
  • Volume: 12
  • Issue: 5

Index insurance as a means of financial protection of agriculture in climate change

*Associate Professor, Tashkent State University of Economics, Tashkent, Uzbekistan, Email id: ayadgarov79@mail.ru

Online Published on 04 July, 2022.

Abstract

This article examines the impact of climate change on agricultural activity worldwide and the scientific and practical importance of index insurance in insuring against various unforeseen natural risks in order to support it financially. The situation with agricultural insurance was analyzed and proposals and recommendations on financial protection through the introduction of new alternative index insurance were developed.

Keywords

Index Insurance, Climate Change, Insurance Events, Insurance Premiums, Insurance Premiums, Two- And Three-Phase Index Insurance