Forecast Scenarios of the Development of Agricultural Insurance in Uzbekistan Based on Econometric Models Against the Background of Climate Change

Abstract

Natural disasters and human-made events occurring against the background of global climate change are directly causing an unexpected financial recession in agriculture. From this point of view, agricultural insurance is of special importance in financially mitigating the damage caused by climate change. The research analyzed the forecast parameters by selecting the amount of precipitation and the factors affecting cotton crop insurance, which is considered one of the agricultural crops. The research discusses the effective utilization of agricultural insurance opportunities in compensation for damage from climate change and the development of forecast development scenarios based on using econometric models in this direction. The authors explore the importance of further improving insurance protection measures in the future based on projection scenarios developed up to 2028 for crop and livestock insurance in agricultural insurance activities.

Citation

Burkhanov, A.U., Yadgarov, A.A. and Tugizova, M.S. (2024), "Forecast Scenarios of the Development of Agricultural Insurance in Uzbekistan Based on Econometric Models Against the Background of Climate Change", Eshov, M.P., Abdurakhmanova, G.K., Burkhanov, A.U., Abdusalomova, N.B. and Ergasheva, S.T. (Ed.) Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS (Advanced Series in Management, Vol. 33B), Emerald Publishing Limited, Leeds, pp. 47-53. https://doi.org/10.1108/S1877-63612024000033B007