The development status of agricultural insurance in China and the characteristics of agricultural in

As follows:1There are large seasonal and regional differences. The scope of agricultural production is wide and the quantity is large, and the planting insurance is often insured in a large area, and the aquaculture insurance is usually insured in large quantities.

2.It is subject to both natural and economic risks. This is due to the fact that agricultural production is a process of organic combination of natural and economic production.

3.High risk and high loss ratio. Due to the high risk of agriculture and the high loss rate in agricultural production, the loss ratio of agricultural insurance is usually high, so the investment in agricultural insurance business is large, the profit margin is low, and even losses often occur.

4.Generally supported. In view of the high risk and high loss ratio of agricultural insurance, agricultural insurance in many countries, especially developed countries, is supported by ** as policy insurance, such as the United States, Japan, Canada, etc.

Agricultural insurance (hereinafter referred to as "agricultural insurance") is a kind of compensation insurance designed to provide protection for agricultural producers in the process of planting, forestry, animal husbandry and fishery production, and to provide protection for economic losses caused by natural disasters, accidents, epidemics, diseases and other insured events.

Article 2 of the 2012 Agricultural Insurance Regulations stipulates that: "The term "agricultural insurance" in these Regulations refers to the insurance activities in which the insurance company bears the liability for compensating for the property losses caused by natural disasters, accidents, epidemics or diseases suffered by the insured due to the agreed natural disasters, accidents, epidemics or diseases in the course of agricultural production in accordance with the agricultural insurance contract. The term "agriculture" as used in these Regulations refers to industries such as crop farming, forestry, animal husbandry, and fishery.

Agricultural insurance is a common practice in countries with a market economy to support agricultural development. Through policy-based agricultural insurance, we can, within the scope permitted by WTO rules, replace direct subsidies to provide reasonable and effective protection for China's agriculture, reduce the impact of WTO accession, reduce the impact of natural disasters on agricultural production, stabilize peasant incomes, and promote the development of agriculture and the rural economy. In China, agricultural insurance is an important part of solving the "three rural" problems.

In 2007, the state allocated 1 billion yuan of special subsidy funds to subsidize the insurance of five major types of grain crops in six provinces and autonomous regions through the support of local financial funds, so as to actively provide guarantees for safe agricultural production. This measure has effectively changed the external environment of agricultural insurance operations, and agricultural insurance has shown a good momentum of rapid development, and the national agricultural insurance has achieved a premium income of 100 million yuan that year.

In 2008, the state steadily expanded the scope of policy-based agricultural insurance pilots, increased policy support for the production of grain, oilseeds, pigs and dairy cows, and supported the development of policy-based insurance for major grain crops. Analyzing the situation of agricultural policy, it can be found that strengthening the basic position of agriculture and continuing to increase the intensity of supporting agriculture and benefiting farmers will be a long-term national policy for a period of time in the future, and agricultural insurance, as an integral part of it, is ushering in a great opportunity for development.

In recent years, the development of agricultural insurance in China has achieved remarkable results. In 2017, the total premium of agricultural insurance in China reached 100 million yuan, an increase from 2016. Among them, the premium of crop comprehensive insurance reached 100 million yuan, accounting for 67%, an increase over 2016.

The premium of agricultural and breeding insurance reached 100 million yuan, accounting for an increase over 2016.

At the same time, the coverage of China's agricultural insurance is also expanding. In 2017, the total area insured by agricultural insurance in the country reached 100 million hectares, an increase over 2016, of which the area covered by comprehensive crop insurance reached 100 million hectares, an increase over 2016.

In addition, agricultural insurance also plays an important role in supporting agricultural science and technology innovation, improving the core competitiveness of agriculture and promoting the development of agricultural stability.

To sum up, China's agricultural insurance has developed rapidly and achieved remarkable results, but it still needs to be further improved.

The insurance industry has been developing well recently, with life insurance premiums increasing by 35% year-on-year since the beginning of the year. In addition, the performance of many insurance companies has exceeded the industry average.

However, looking at the insurance industry, the concept of returning to protection in the downstream market has made policyholders more rational, bringing the original driving force for scale growth to the industry, and the optimization of the industry transformation structure has also enhanced the development potential of the industry from the supply side.

According to the analysis of the "Market Prospect and Investment Planning Analysis Report of China's Insurance Industry", although the fundamentals of the industry are improving, there are still some small and medium-sized players who have encountered obstacles in their development. For some small and medium-sized insurers with more aggressive strategies, their universal insurance premiums have fallen off a cliff before**, and for these companies, they need to adjust their strategies and shape their competitive advantages.

In addition, the overall production capacity of China's personal insurance industry is low, on the one hand, the interests of ** people and insurers are inconsistent, and it is easy to mislead sales and defraud premiums; On the other hand, individual insurers have a low level of education and pay too much attention to short-term interests, which affects the overall image of the insurance industry.

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