Research On Operating Efficiency Of Chinese Specialized Agricultural Insurance Company

Rural development cannot be separated from the industrialization and modernization of agriculture,and the process of agricultural industrialization and modernization is inevitably accompanied by the agglomeration of scale and the increase of economic value.Agriculture,as the most basic industry in China,and at the same time,the weakest development,usually has to face not only natural risks,but also the double test of market and technology,agricultural insurance as an important economic means to cope with agricultural risk losses is increasingly playing a more This paper focuses on the study of the operational efficiency of professional agricultural insurance companies and its influencing factors,and summarizes and sorts out the development characteristics and current situation of domestic agricultural insurance companies.Four development characteristics of agricultural insurance companies exist in China,such as late start,small number,fast development,covering major agricultural provinces,relying on headquarters,obvious local advantages,going out of local,and expanding outward.In the process of development,there are still problems: the overall coverage of agricultural insurance is low,the variety of agricultural insurance in China needs to be innovated,and the regulatory system of agricultural insurance in China needs to be improved.In recent years,the development of agricultural insurance companies has shown a trend of year-on-year increase in premium income,simultaneous increase in payout scale,overall decrease in profitability and year-on-year increase in solvency.The empirical DEA efficiency,Tobit regression results of six professional agricultural insurance company samples from2015-2021 are used in this paper,which show that: the overall technical efficiency of professional agricultural insurance companies has improved in the past six years amid fluctuations,but internal differentiation is prominent;scale efficiency is the main factor dragging down the overall technical efficiency improvement of professional agricultural insurance companies;the degree of agricultural insurance professionalism,agricultural insurance market share,and The number of branches has a significant impact on the operational efficiency of agricultural insurance companies.Finally,the paper proposes countermeasures to promote the development of agricultural insurance from two perspectives: national level and company level,mainly including: improving laws and regulations to protect the vital interests of farmers;establishing a unified coordination and supervision mechanism for agricultural insurance;strengthening publicity and education for farmers to improve their participation rate;improving agricultural risk monitoring technology;innovating agricultural insurance varieties to promote diversification of insurance types;and adhering to the development path of specialization and Take care of profitability at the same time.