Research On Protection Mechanism Fisheries Insurance In Shandong Province

Since reform and opening, Shandong Province has experienced marine fisheries manner from mainly traditional marine fishing industry to "sea-farming, animal husbandry and fisheries" industrialization, and modern marine fisheries construction has taken shape, with all careers developing at the forefront in 2007 and marine fisheries production and economic output ranking first in the country. At the same time seeing the achievements, we have to see that the high-risk, high investment characters of marine fisheries industry have not changed and every year the losses caused by natural disasters and accidents are up to several hundred million dollars. Shandong Province is currently carrying experimental work of policy insurance of fisheries. Because fishing risk protection mechanism is not sound, insurance coverage is small and the insured fishing in our province is less than 15%. Seeing from fisheries insurance nationwide, since 1982 the fishing industry has generally experienced two main stages, these are commercial insurance and fisheries mutual association. Experimental work of policy insurance of fisheries is under way and a relatively stable and efficient insurance mechanism fishery has not formed yet.On the standpoint of "Shandong on the Sea" construction and scientific development of fishery production, the article explores risk protection of marine fisheries mechanisms as the breakthrough point and research the status and operating model of fishing industry insurance in Shandong Province. This article compares fisheries protection theories and modes home and abroad, raises the theoretical basis of fisheries insurance. Based on the above ,this article summarizes the status and clears questions of fisheries insurance, then empirically analyzes the relationships between fishing industry insurance, fishermen's income and fishery output value though Econometric Cointegration Analysis and Granger Causality Test, which is the main innovation of this article. The results show that there are long-term cointegration relationships between these three factors as well as two-way Granger Causality. Fisheries insurance significantly promotes fishermen's income and fisheries production. Similarly, the increase of income and the fisheries production also promotes the development of fisheries insurance.Theoretical analysis and empirical testing show that the development of fisheries insurance must insist "a two-pronged approach" development model, which means combining increase fisheries insurance supply and enhance purchasing levels of fishermen. Therefore, the establishment of marine fisheries risk protection mechanism should be linked to fisheries insurance experimental work forming a development pattern, whose cores are national (provincial) policy of fishing industry insurance companies and whose main bodies are mutual fishing industry insurance associations supplementing commercial insurance network. Then fisheries reinsurance companies and catastrophe risk fund are established and improved. Policy implementations will improve fishermen's insurance premium rate. Risk funds and reinsurance companies will scatter fisheries high risk and enhance enthusiasm and creativity of insurance companies. The article will provide a theoretical basis for fisheries insurance pilots and establishment of mechanism future fisheries policy fishing insurance mechanism in our province...