Agricultural Insurance Needs to Strengthen Its Guarantee Function

Agricultural insurance plays an irreplaceable role in reducing agricultural risks and protecting economic interests. However, compared with the ever-changing development situation in rural areas, the development of agricultural insurance has only taken substantial steps, and there are many restrictive factors. In some places, there is even a "agricultural insurance vacuum", which makes agricultural insurance fall into the awkward position of applause. On the one hand, farmers do not have a strong sense of participation. Some farmers are comfortable in "waiting for things to depend on" and are used to "looking for a harvest". Many farmers have a vague concept of agricultural insurance and are not enthusiastic about insurance. On the other hand, insurance companies are worried. Both policy-oriented agricultural insurance and commercial agricultural insurance are also faced with the problem of insurance risk, and the problems of farmers' high claim expectation and insurance company overdraft reserve are quite prominent. In addition, due to the slow legislative process, the lack of institutional regulations and the absence of government functions, the operational risks of insurance companies are too concentrated in actual operation, which is not conducive to sustainable development.

In the face of the problems exposed by agricultural insurance, it is suggested to solve it from three aspects: first, to expand coverage. The relevant departments should step up publicity and promotion efforts to eliminate the blind areas of agricultural insurance knowledge in some rural areas as soon as possible, so that more people can understand agricultural insurance. Insurance companies should strengthen the foundation, respond to the people's expectations and demands for insurance claims in a timely manner, make the masses believe in agricultural insurance, and rely on insurance to ensure high yields and increase income. The second is to reduce risk. The relevant departments need to consider how to maximize the effectiveness of limited funds, so as to play an important role. Insurance companies should explore how to solve the high-risk problems faced by agricultural insurance and find a new way to meet the requirements of the company's development and the expectations of the masses as soon as possible. The third is the innovation mode. Explore and improve the agricultural reinsurance mechanism, try a new mode of operation of agricultural insurance, create a harmonious environment for agricultural insurance and claims settlement, protect agricultural production, and let farmers get real benefits.