ARGENTINA - INSURANCE 



comply with the repeated requests of the authorities. However, by means 

 of private information, it has been possible tc obtain the following 

 approximate results : 



Effective Capital of the 31 societies, $ m/n (i) 11,000,000 



Hectares Insured 4,588,653 



Value of Produce Insured $ m/n 153,676,470 



Premiums Paid by those Insured .... 8,446,409 



Claims Paid by the Societies 4,329,605 



From these jEigures it may be deduced that the claims paid were 2.82 % 

 of the value insured; that the average insured value per hectare is 33.50 

 pesos, that the general average cost of insurance per hectare is 1.84 pesos 

 and that the general average premium rate is 5 ^ %. 



The plants as a rule insured are wheat, oats, flax, barley, rye and canary 

 grass. We give below the areas of the various crops insured : 



Wheat Hectares 



Oats » 



Flax » 



Bark}- » 



Rye I 



Canary Grass f 



Maize 



Vineyards 



\ 



91.771 2 % 



Total . . . Hectares 4,588,553 100 % 



In the agricultural year 1912-13, the total area under wheat was 

 6,918,450 hectares, that under oats 1,192,400, that under flax 1,733,330 

 hectares : if we consider the figures in the above table, we find, therefore, 

 that during the same period 49 % of the area under wheat, 54 % of 

 that under oats and 24 % of that under flax were insured. 



A consideration of the proportion of the business done by the limited 

 societies, on the one hand and the co-operative and mutual societies, 

 on the other, shows that the first group insured 3,218,872 hectares (70 %), 

 and the other 1,369,681 (30 %) 



The proportion insured by co-operative societies is therefore very 

 high and shows that association has already made great advances in this 

 field : this is the more noteworthy, as co-operation is still at its commence- 

 ment in Argentina, and has, as in all new countries with a small and 

 heterogeneous population, serious difiiculties to contend with (2). Among 

 the most important mutual societies let us mention the Prevision of Tres 

 Arroyos and El Progreso Agricola of Pigue, which have insured 23% of 

 the total area insured. 



(i) $ m/n indicates pesos moneta, nazionale. One peso m/n = 2 20 frs. 

 (2) See in this connection our article referred to above. 



