The Product Innovation Of Weather Index Insurance

Since this new round of Policy Agricultural Insurance carrying out,Gan Su Policy Agricultural Insurance grows fast in scale.As of 2016,the cumulative premium income of 8440 million,an indemnity payment of 6860 million.Winter wheat,cotton,corn,potatoes,barley,sows,cows,yak,Tibetan sheep and forest are fit into the scope of the central financial subsidies.In addition to vegetable?corn seed?rape?beef and grapes agricultural products in the policy of agricultural insurance are also received the local government financial support and has been in the promotion of the implementation of.However,in the process of the implementation of the policy oriented agricultural insurance,the problems such as high operating costs,high risk of adverse selection,low degree of protection,difficult supervision,etc.The practice at home and abroad shows that meteorological index insurance is one of the important means to transfer agricultural risks and stabilize the income of farmers.Weather index insurance compared to traditional agricultural insurance,also have adverse selection risk,moral risk is low,fast and can carry out reinsurance underwriting and claim superiority.In recent years,other provinces have started to implement the pilot meteorological index insurance in Gansu Province,the academic circles have also carried out research on weather index insurance,and for the freezing injury caused damage to crops,and did not involve.In order to break through the agricultural insurance policy in the implementation process encountered difficulties,and gave some suggestions to weather index insurance in Gansu,and based on the author from Gansu rural Yearbook,Gansu Development Yearbook and Gansu Provincial Meteorological Bureau collected on Tianshui Apple planting and meteorological data,by means of Eviews,Minitab and other econometric software,using the establishment period Tianshui Apple years yields time series ARIMA model,and to seek the Tianshui meteorological output of apple,and further calculated under the different temperature,the lowest temperature of the gas relative to the Tianshui apple like production.Using the method of yield distribution model and empirical rate method.And further calculate the insurance premium rate.