Research And Development Of Agricultural Insurance Is Recommended

The Eighteenth National Congress of the CPC conducts a great plan for notonly China’s economic and social development, but also the development of thefinancial and insurance industry. In recent years, the CPC Central Committeeand State Council promoted the development of agricultural insurance by policysupporting, especially promoting agriculture premium subsidies throughcentral finance in2007. On November12,2012, the State Council promulgatedthe "Agricultural Insurance Articles", which show a significant meaningfulon development of agricultural insurance.In2013, the agricultural insurancepremium is30.659billion Yuan which is third ranked of the property insurancein China and the second ranked after American in term of insurance amount.This paper not only introduces the basic concepts, but also introducesthe attributes of agricultural insurance. The analysis provides theoreticalfundamental for the development of agricultural insurance.This paper will review the development history of China’s agriculturalinsurance and analyze the characteristics of each stages of agriculturalinsurance development. This paper also study problems of agricultureinsurance and push forward the main problems affecting the development ofagriculture insurance.At present, many countries have expanded the agricultural insurancebusiness scope. This page will study business pattern and attributes ofagriculture insurance based on developed countries such as the USA, Franceand Japan as well as the developing countries such as India and Philippinesto conclude the successfully experiences and methods of these countries andprovide reference of China agricultural insurance business.Finally, the page put forward countermeasures and suggestions on theexpansion of supply and demand of agricultural insurance, improvement policyenvironment and management system and enhancing personnel training,respectively, and provides theoretical basis and reference to promote China’sagricultural insurance based on multi angle of agricultural insurancebusiness.