Research On The Application Of "Insurance+Future" Mode Of Agricultural Products Of China Insurance

At present,China's research and practice on "insurance + futures" is still in its infancy,not perfect and mature,but as a way of integrating financial innovation,it spreads multiple risks and meets the interests of all parties.It has become the current agricultural insurance and finance.Supporting the hotspots of agricultural development has a high research value.Since the first pilot in 2016,it's been three years.The first batch of pilot projects for “insurance + futures” have also completed the settlement of claims,and initially have some pilot cases and relevant data for analysis.This article is divided into seven parts.The first part expounds the background and significance of this paper,summarizes the research status at home and abroad,and gives the research content,framework,method and innovation of this paper.The second part defines the concepts involved in this paper and gives a certain introduction to the theoretical basis.The third part gives a brief overview of the main body of this paper,China United Property Insurance Company Limited and its "insurance + futures" business.The fourth part introduces two examples of agricultural product price insurance by the China United Property Insurance Company Limited using the “insurance + futures” model.Firstly,the current situation of the pilot is summarized.Then,the two typical cases are introduced in detail,and the case study introduces the insurance.The process and mechanism of the + futures model.The fifth part is the case analysis.Firstly,the two cases are compared with the operation mechanism of other typical cases,and then the problems and causes of the project are analyzed.The sixth part proposes comprehensive countermeasures and suggestions based on the problems mentioned above.The seventh part introduces the shortcomings of this paper and makes a prospect.This paper uses the case of “insurance + futures” corn income insurance in Liaoning Province and the case of “insurance + futures” egg price insurance in Heishan County,both carried out by China United Property Insurance Company Limited,to discusse it in detail with other typical cases.The analysis found that the innovative model of “insurance + futures” does reflect its superiority and achieved good social benefits.On the other hand,the pilot does reflect some problems in the implementation process,such as the shortage of corresponding agricultural product futures contracts and risk hedging instruments in the market,the professionalism of insurance companies needs to be improved,the premium-option fee structure needs to be improved,and farmers And cooperatives have doubts about the new model and macro factors.Based on this,this paper puts forward five aspects of rational design insurance,strengthening cooperation with futures companies,optimizing contract cycle docking,innovating risk hedging tools,increasing grassroots propaganda and promotion,and promoting the upgrading and expansion of the “insurance + futures” model.Improve the recommendations,and then learn from China United Property Insurance and the entire insurance industry.