Application Of "Insurance+futures" Model In Insurance Pricing Of Agricultural Products

China’s loess Plateau and north China plain and other areas of high altitude,sufficient sunshine,large temperature difference between day and night,rich in apples,from the output of China,the world’s first.According to statistics,apple production in China reached 42.43 million tons in 2019,accounting for 49% of the global total.Apple production areas include many provinces in China,including the northwest Loess Plateau and other perennial electricity supply shortage.Therefore,the modern apple industry system should be constructed to expand the collective economy.The income level of farmers has been affected by market price fluctuations for a long time and is extremely unstable.In this regard,many scholars in China have proposed to manage apple price risks by combining insurance and futures.The concept of "insurance +futures" was also formally proposed in the No.1 Central Document in 2016,providing a new idea for guaranteeing farmers’ price risks.At present,domestic and foreign researches on "insurance + futures" mainly focus on agricultural products such as corn and cotton which are easy to save in terms of varieties,while there are few researches on fresh agricultural products.From the perspective of research direction,they mainly focus on "insurance + futures" mode or cases,and there are few articles on product design and pricing direction.Based on this,the author studied the insurance pricing direction of Apple price under the mode of "insurance + futures".Starting from the development status of "insurance + futures" model at home and abroad,this thesis analyzes typical pilot cases and finds that there are some problems such as high insurance cost of Apple price and base risk limiting insurance function.Then,based on the characteristics of Apple market in China,the insurance term and target price of "insurance + futures" products are optimized,and the premium pricing is carried out by Using Monte Carlo simulation.Finally,compared with the "insurance + futures" product in the case,the optimization effect of the product was compared from the three aspects of farmers,insurance companies and futures companies,and summarized the whole thesis and put forward countermeasures and suggestions.