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Climate change has a significant impact on agricultural productivity, particularly crop production. Research has been focused on the examination of a traditional insurance model applied since 2020 based on state support for the management of agricultural risks. Based on the study of substantial statistical data, the advantages, challenges, and drawbacks of this model in the process of crop insurance are discussed. The study focuses on the frequency of covered risks occurrence, as well as the interrelationships between them based on the country's geographical and climatic characteristics. Risk assessment allows farmers to determine the most likely directions of behavior that may arise in the process of insuring their products. Drought risk was particularly emphasized that is not covered by Agrarian Insurance Fund. Droughts are becoming more frequent as a result of climate change, and their uniform role in crop loss necessitates that the need to address this problem be recognized in current times. The authors substantiate that an index-based insurance model based on weather parameters is a viable alternative to the traditional insurance model for assuring drought coverage, and they advocate using it to diversify the insurance system. [ABSTRACT FROM AUTHOR]