Can Insurance Help Alleviate Poverty?

Poverty is a major problem that plagues rural development.Poor farmers and herdsmen have weak livelihoods and poor risk prevention ability,which leads to the phenomenon of"poverty alleviation and poverty alleviation".The market-oriented risk transfer mechanism,social mutual assistance mechanism and social management mechanism of insurance products have unique advantages for poverty alleviation in rural areas.Therefore,this paper summarizes the poverty alleviation mechanism of insurance products,based on 730 questionnaires of farmers and herdsmen in 8 League cities and 16 banner counties of Inner Mongolia,comprehensively uses comparative analysis and econometric model construction to analyze the main characteristics of poor farmers and herdsmen,and demonstrates the effectiveness and shortcomings of major insurance products such as new rural cooperative medical system,new rural insurance and agricultural insurance in alleviating poverty of fanners and herdsmen.The results show:1.The medical insurance products of agricultural and pastoral areas based on NCMS have effectively alleviated the medical pressures and expenditures of poor farmers and herdsmen.The medical insurance policy for poor households has also made poor households can afford to see a doctor.The poverty problem has curbed the medical consumption of farmers and herdsmen and the consumption of purchased food.The NCMS has significantly increased the consumer confidence of farmers and herdsmen,released the consumption needs of farmers and herdsmen,and enabled them to enjoy the level of medical services and The quality of life has been significantly improved.2.NSPI fills the lack of old-age security system for poor farmers and herdsmen,and achieves wider coverage among the poor,so that the basic living of the poor can be guaranteed;but poor households choose low-paying grades to receive them.The pensions are far lower than those of non-poor households,and it is difficult to achieve complete protection for their basic old-age pensions.In addition,the low level of understanding of NSPI by farmers,herdsmen and especially poor households also affects farmers and herdsmen's "new farmers' Participation.3.The current agricultural insurance guarantees the risk of poor households'aquaculture industry,partially smoothing the gap between the incomes of different farmers and herdsmen,but there are problems such as low level of protection and difficulty in accurately claiming compensation,which makes its compensation limited;in addition,poverty Due to the small scale and other issues,the situation of "supply and demand double cold" between insurance companies has restricted the expansion of insurance coverage for poor households,and also affected the role of agricultural insurance in helping poor households.4.The credit promotion insurance products used to solve the problem of "difficulties in borrowing loans" for farmers and herdsmen are seriously inadequate.The overall participation of insurance for commercial life insurance and rural housing insurance is not high,and the participation of poor households is extremely low.Finally,in view of the implementation of insurance products in rural and pastoral areas,this paper puts forward some policy suggestions,such as establishing poor household cooperatives,improving the accuracy of claims,promoting credit guarantee insurance and increasing insurance liability of poor households,which are conducive to better participation of insurance products in poverty alleviation and reduction.