Study On Fishery Risk And Insurance In HuBei Province

Hubei province is known as the "province of thousand lakes".Fishery takes a special position in rural economic development. The stable development of fishery is not only affecting our food security, but also concerns the improvement of income and living standards about the majority of fishermen. However, there are many factors constrainting the stable development of fishery.The majority of fishermen are facing natural disasters, fish disease, market fluctuations, technological and other risks especially. In the face of various disasters, Existing risk management system of fishery has serious shortage.After the loss of various disasters,the fishermen resolve it on their own, but lack of informal channels to resolve the risk.In the face of frequent natural disasters,it is necessary to implement a policy of insurance as the dominant fishery, disaster relief,which is a new risk management system in the future development for fishery.Based on the summary questionnaire and literature review, empirical analysis and normative analysis,this paper focuses on fishery risk in Hubei province. According to survey data of 160 fishermen in Wuhan, Xianning, Jingmen, Jingzhou, this paper studies the risk aversion measures by fishermen,and discusses the factors affecting fishermen to buy insurance by empirical research. On these basises, this paper buildes a risk management system with the characteristics of fishery development in Hubei province,whicd is also giving reference for the current economic development of fishery and future various types of fishery insurance. Contents and conclusions are as follows:Research 1:Risk status of fishery and the development of insurance exploration in HubeiFishery exists seven risk including natural disasters, biological disasters,market volatility, technology and management, social, and fishing production in Hubei.In specially, natural disasters and market risk are the main risk by fishermen. This paper reviews the development process of "three rural" insurance in Hubei,founding that more difficult to explore the fishing insurance. So far,it has developed three modeles in the initialformation by fishing insurance in Hubei, including fishery mutual insurance, a regional policy of insurance, self-insurance cooperatives. Among them, the fishery mutual insurance is the most rapidly developing.which has been covered more than 70% of motor boats, with 42,000 fishermen to purchase personal insurance in 2010. Research 2:The sources of risk, avoidance methods and requirements priority by FishermenAfter an investigation in Hubei, the sources of risk from highest to lowest are as follows:natural disasters, changes in prices of fishery, a large area of ponds caused by climate change, fish diseases, fishery products, changes in market prices, the quality of fishery production Issues,indefinite information,breach of contract.Then,these are mainly Four measures of risk aversion by fishermen,including (1) social network of risk-pooling, (2) the intertemporal transfer of income, (3) the production and management of risk aversion, (4)formal risk aversion. The results show that:the fishermen rely mainly on production and management of risk aversion and intertemporal income transfers, social network of risk-pooling is falling, and formal risk aversion measures are very weak.Research 3:The impacting factors for fishermen to choose fishing insuranceThe impacting factors for fishermen in choosing fishing insurance include fishermen's personal characteristics (education, whether the head of household, age, breeding age, whether the cadres);fishermen's household characteristics (the proportion of non-farm income, farming income ratio); fishermen's production characteristics (culture area, culture and technical training, degree of fishermen calamity); demand induced factors (loans, the government subsidies). This paper uses logistic model to analysis the impacting factors for fishermen to choose fishing insurance. The results show that:At the 5% confidence level, "head ", "age", "cadres","culture area", "the extent calamity by recent years "," loans","government subsidies" show "significant"; in 10% confidence level, there is "cultured life" performance as "remarkable."...