The Insurance Premium Rate Of Crop Income In Guizhou Province Is Determined

Agricultural income insurance can simultaneously disperse the natural risks and market risks faced by farmers in the production process and stabilize farmers' expected income.However,the research on agricultural income insurance in Guizhou Province is still in the preliminary exploration stage,and the research on the formulation and implementation of the core program of crop income insurance pricing is weak.This paper focuses on the pricing methods of crop income insurance in Guizhou Province,and provides methods for the determination of crop income insurance premiums.Taking rice in Guizhou Province as an example,this paper firstly analyzes the practical significance and implementation conditions of implementing rice income insurance in Guizhou Province by qualitative analysis.Secondly,quantitative analysis method was used to empirically study the determination of rice income insurance rate in Guizhou Province.The trend item was eliminated by linear sliding average method,and the edge distribution was estimated by Gaussian kernel density.Then use five single Copula family functions and a mixed Copula function to fit the joint distribution of price and output,and finally calculate the premium based on Monte Carlo simulation 10,000 times.Combining the results of qualitative analysis and quantitative analysis,the conclusions drawn from the pilot rice income insurance in Guizhou Province are as follows: First,the rice income insurance rate in Guizhou Province is lower than the city and state insurance rates,and the second is the rice in each city and state in Guizhou Province.Guizhou Province should implement differentiated income insurance rates in different risk areas in the main rice producing areas.In response to the relevant conclusions of the study,the paper proposes policy recommendations for the development of crop income insurance in Guizhou Province.In order to promote the development of crops in Guizhou Province,insurance companies should pay attention to the design and innovation of crop income insurance products,and rationally divide the risk areas.The risk area is subject to differentiated insurance rates.Government support is crucial to the development of crop income insurance.By establishing an agricultural information big data system,it provides data support for accurate determination of premiums,and provides financial support for reducing premiums through a sound crop insurance premium subsidy structure.By improving the risk distribution channels of crop insurance,it provides guarantee for the continuous operation of insurance,and provides market regulation for the development of agricultural insurance by formulating strict and effective legal norms and insurance supervision systems.This series of recommendations will provide a strong guarantee for the healthy and sustainable development of crop income insurance.