Research On The Insurance Innovation Agriculture Since 2007

Beginning in 2007, after nine years of exploration and development, China’s policy-supported agricultural insurance system made achievements. Now, the scale of China’s agricultural insurance market is in second place in the world and first place in Asia. In 2015, China’s agricultural insurance premium income is 35.27 billion, the insurance density is RMB56.8 per couple, to provide farmers with a total of more than 2 trillion of risk protection, and provide 23.98 billion compensation for damage, played an effect on the preferential policies for farmers.But recent years, the fact that the insufficient growth rate of agricultural insurance can’t be ignored, the business management, subsidies and product of traditional agricultural insurance has already have difficulty in meeting the current actual needs of farmer, only innovate the legal, products, subsidy system, mode of operation and management and so on.Sustainable development and renovation of agricultural insurance has also been the government’s central attention. 2015 the Central first Document "Opinions on deepen reform and innovation to accelerate agricultural modernization", has provided guidance on agricultural insurance innovation, the document proposed major food crops insurance included into the central government premium subsidies directory, expand the range of forest insurance, the insured amount of central government subsidies should cover the direct materialization costs. 2016 the Central first Document Opinions achieve a comprehensive well-off goal requires that agricultural insurance innovation should increase agricultural insurance products, improve the level of protection, expand the cover of agricultural insurance, establish finance and insurance linkage mechanism. March 2016, the government issued "Thirteen Five" Plan, also requires insurance companies to actively carry out the practice of new product innovation.In these circumstances, this paper system analysis the current situation,existing problems of agricultural insurance innovation since 2007, and give some suggestions about how to promote China ‘s agriculture insurance innovation: improve relevant agricultural insurance laws and regulations; accelerate system innovation; promote management model innovation; improve product innovation; increase investment about agricultural insurance innovation; promote technology innovation; improve service innovation and personnel training innovative about agricultural insurance and so on.