demand. As previously demonstrated, our results confirm that subsidies are ineffective in increasing insurance penetration. …People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts …

, EU institutions have encouraged the expansion of agricultural insurance. With different degrees of public support …, insurance systems against several risks have been successfully developed across the EU and have adopted increasingly … comprehensive forms. Eventually, EU institutions have started to assess the development of a comprehensive income insurance …