Research On The Application Of Mutual Insurance In Henan Province Agricultural Insurance

Agriculture is the first industry of a country,the basis and prerequisite for the development of the national economy,that affects the national economy and the people's livelihood.China suffers serious agricultural disaster,which not only hinders the stable development of agriculture,but also affects the process of agricultural modernization and threaten national food security.Therefore,it is particularly important to disperse and avoid agricultural risks for both farmers and countries.As an effective risk aversion tool,agricultural insurance plays an important role in stabilizing the income of farmers and promoting agricultural development.Since 2004,agricultural insurance has been the focus of the government.As the national agricultural province,Henan has been exploring the development of agricultural insurance and has experienced various business models.Although some achievements have been achieved,compared with developed countries,the developed regions in the country and the expectations of the government and farmers,there is still much room for improvement.Based on the characteristics of agricultural insurance and mutual insurance,this paper analyzes the development status of agricultural insurance in Henan Province and the possibility of mutual insurance application,and put forward a new model of agricultural insurance based on the experiences and lessons from domestic and foreign mutual agricultural insurance.Based on the characteristics of agricultural insurance and mutual insurance,this paper analyzes the development status of agricultural insurance in Henan Province and the possibility of mutual insurance application,and put forward a new model of agricultural insurance based on the experiences and lessons from domestic and foreign mutual agricultural insurance.Through the analysis of various subjects involved in Henan Province's agricultural insurance,we know that the current business model is not very efficient.This paper analyze the related theories of mutual insurance,and compare the mutual insurance with other forms of insurance,compare the mutual insurance companies with other mutual organizations,finally selects a more advantageous form,that is mutual insurance companies,thus presenting a new model of mutual agricultural insurance in Henan Province.It means setting up a mutual insurance company,which is specifically responsible for Henan province's agricultural insurance business.With the support of the government,it forms an administrative monopoly,at the same time,commercial insurance companies provide technical support for it.Reinsurance is jointly undertaken by commercial insurance companies and government departments.and the reinsurance business has a slightly higher profit to the Business insurance company on the basis of whether the reinsurance business has a profit or not,and the other is undertaken by the government.The financial subsidies provided by the government are used to pay for the operation and management expenses of mutual insurance organizations and technical support for commercial insurance companies.This paper also discussed some obstacles that this model may encounter,and some measures that need to be taken to ensure its good functioning.This study has innovatively introduced a mutual insurance system in the concept of agricultural insurance in Henan Province,and proposed a business model for agricultural insurance for the better service Henan Province.