ANALYSIS OF AGRICULTURAL INSURANCE SUPPLY DUE TO CLIMATE CHANGE
Fitri Susilowati * Adhi Prakosa** Faculty of Economics, University of PGRI Yogyakarta email@example.com
Climate change is one of the risks faced by the agricultural sector. Development of insurance scheme is needed to coping risk of climate change. The purpose of this study was to conduct a supply-side analysis in the agricultural insurance market due to changes in the Indonesian context. Analytical techniques conducted in this research is descriptive analysis. Data collection method used is interview, literature study and field study. Based on law No. 19 of 2013 on Farmers Protection and Empowerment and Regulation of the Minister of Agriculture No. 40 /Permentan/SR.230 /7/2015 as the basis for the implementation of Agricultural Insurance Facility encourages the supply of agricultural insurance in Indonesia. The government and PT Jasindo collaborate to cover agricultural risks especially in climate change causes. PT Jasindo is a sole insurer that has been recommended by government to protect farmers by subsidy. The supply of agricultural insurance is still limited to rice crops. Agricultural insurance in Indonesia can run because the payment of agricultural insurance premiums are subsidized by the government.
Keyword : loss, climate change, insurance, risk, agriculture.
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