In this system, the policy insurance is the temporary part, the business insurance company is the complement, and the policy reinsurance company gives the high-level support. At last, the author discuss the conditions to establish this system.
Meanwhile, government, legislation and reinsurance support to agricultural insurance should be greatly enhanced. We can either establish an agricultural operational model of commercial insurer underwriting policy agricultural insurance under government's direction, or establishing a national agricultural insurance company which is specialized in managing agricultural insurance.
China is a big agricultural country.Agriculture is the foundation of its national economy and a typical risk industry.The issue of agriculture,rural area and farmers has much to do with the realization of an all-around well-off society in China.The CPC and central government pay close attention to the development of agricultural insurance,and new agricultural insurance pilot work is now unfolding.Joint-stock agricultural insurance company is a brand new business model to be experimented with.Its development...
Adoption of an appropriate operational model is key to fast development of agricultural insurance. The reason that China's agricultural insurance lags behind other lines of insurance has much to do with its operational model. Currently, we should change the tradition of operating agricultural insurance as a commercial insurance and replace it with a multi-layered, multi-channel operational model according to the characteristics of China's agricultural insurance and its nature of policy insurance. Meanwhile,...
To develop the agriculture and the rural economy and to establish a long-term effective mechanism in China,the agricultural insurance must be vigorously developed.The national policies also encourage the development of agriculture insurance.But for high risks and multi-barriers,the commercial agriculture insurance market was showing withering situation.Therefore it is necessary to carefully examine the strategic choice for the development of agriculture insurance,including the correct strategic localization...