Issues and Efficiency of Production Expense Model for Agricultural Insurance in Armenia

Abstract

Insurance of agricultural risks in different countries is carried out using different approaches, models, principles and basic indicators for assessing losses. They mostly depend on the development level of the country, diversity of statistical data, climatic features, etc. Currently it is recommended to introduce the model of production expenses in Armenia, thus, a necessity appears to find some justifications for the effectiveness of the mentioned model. The article considers negative and positive aspects of insurance model for production cost price and its productiveness in Armenia.