Research On The Application Of Insurtech In Agricultural Insurance Field

With the continuous development of agricultural insurance,policy agricultural insurance products and extensive rough,underwriting rough,claims and extensive management problems,exposed more thoroughly,the resulting adverse selection,moral hazard,the problem of high operating costs have become the development of the agricultural insurance management difficulty,pain points.The application of insurtech in agricultural insurance offers a new way to solve the above problem.This paper adopts case analysis to study the application and development of insurance technology in the field of agricultural insurance.The main contents include the following three parts:First,the development of insurtech has gone through three stages: electronic,internet-based and intellectualized.In the field of agricultural insurance,the application of insurtech runs through the whole process of the insurance value chain: in the product design and pricing process,remote sensing technology and big data analysis technology solve the problem of extensive products through the division of crop risk regions and the development of index products.In the underwriting process,the application of intelligent identification technology and block chain technology has solved the problem of "insufficient insurance".The application of satellite remote sensing and uav technology has solved the problem of moral hazard.Second,through the introduction of two typical cases of "blockchain + agricultural insurance" and "satellite remote sensing technology + agricultural insurance",the application scenarios,application processes,application effects and existing problems of insurance technology in the field of agricultural insurance are analyzed.The enlightenment of the application and development of insurtech is drawn: insurtech broadens the boundary of insurance possibility and enhances the insurability of risk;The application of insurtech in product design can reduce information asymmetry and avoid adverse selection and moral hazard.insurtech can reduce transaction cost and reduce market failure;Commercial agricultural insurance needs the application of insurtech.The application of insurtech is in urgent need of development plan and application standard.Thirdly,Suggestions are put forward from the aspects of shaping the external environment and optimizing the internal behavior of the application and development of insurtech.From the perspective of shaping the external environment for the application and development of insurtech,it is necessary to shape the policy environment for the rational compliance application of insurtech,the regulatory environment for dealing with new risks and challenges,and the information sharing environment among insurance industries.From the internal behavior of insurance application and development of insurtech,the insurance company needs to adhere to the basic principles of "risk guarantee",to promote traditional agriculture insurance product optimization and the index of product innovation,strengthen the propaganda of insurance application of science and technology,relying on science and technology promote agricultural insurance service quality,strengthen the insurance company property of science and technology and talents of science and technology skills.