@article{Prokopchuk:309939,
      recid = {309939},
      author = {Prokopchuk, Olina and Prokopchuk, Ihor and Mentel,  Grzegorz and Bilan, Yuriy},
      title = {Parametric Insurance as Innovative Development Factor of  the Agricultural Sector of Economy},
      journal = {AGRIS on-line Papers in Economics and Informatics},
      address = {2020-09-30},
      number = {665-2021-565},
      month = {Sep},
      year = {2020},
      abstract = {In the article a parallel between the classical and  parametric scheme of agricultural risk insurance is  conducted. The application aspects of parametric (index)  schemes of insurance with emphasis on the use of weather  index insurance products are examined, their advantages and  disadvantages are considered. This research examined the  applicability along with simple weather index insurance  products combined, that can consider and put together a few  parameters simultaneously and thus neutralize the impact of  the whole weather risks at regional level. The authors  demonstrated the feasibility of using the proposed  combination of weather index (Ci) – a special indicator  which characterize the impact of weather risk combitation  intensity, measured by certain parameters (heat, cold →  temperature; air humidification → relative humidity;  drought → precipitation) on the grain maize yield in  definite growth stages (flowering and grain filling). On  the basis of research, the detail mechanism proposed by the  authors of the combined weather index (Ci) in general, and  on the example of concreate calculations, is performed in  particular.},
      url = {http://ageconsearch.umn.edu/record/309939},
      doi = {https://doi.org/10.22004/ag.econ.309939},
}