The 2024 "**No. 1" document was officially released on February 3. The "Opinions of the Communist Party of China on Learning and Using the Experience of the Thousand Villages Demonstration and Ten Thousand Villages Renovation Project to Effectively and Effectively Promote the Comprehensive Revitalization of the Countryside" proposed to expand the scope of the implementation of the full cost insurance and planting income insurance policy; Encourage local governments to develop insurance for special agricultural products. It is worth noting that the "* No. 1" document also puts forward the requirements for accurate insurance claims and full compensation for agricultural insurance, and at the same time, it also mentions catastrophe insurance for the first time to improve the catastrophe insurance system.
As the saying goes, "the people take food as the sky", and agricultural insurance, which is related to the food plan of 1.4 billion people, with the blessing of the "No. 1" document, how to open a new starting point and make further efforts?
How to achieve that every grain of staple food can be guaranteed.
Food security is the "greatest power of the country" and is related to major strategic issues of overall importance such as national economic development and social stability. Nowadays, natural disasters are frequent, and the ability of agricultural planting to resist natural disasters is relatively weak, so food insurance is particularly important.
In 2024, the "No. 1" document proposes to expand the implementation scope of full-cost insurance and planting income insurance policies, so as to achieve national coverage of the three major staple grains and orderly expansion of soybeans.
For the expansion of full cost insurance and planting income insurance, the top-level design frequently delineates the weather vane. In July last year, the Ministry of Finance and three other departments issued a notice to expand the scope of implementation of the full cost insurance and planting income insurance for the three major grain crops to all major grain-producing counties in the country.
Wang Peng, a researcher at the Beijing Academy of Social Sciences, said that the two insurance policies of the three major staple crops, full cost insurance and planting income insurance, can cover the whole process and full cost of agricultural production, and provide farmers with comprehensive risk protection.
It is important to expand full-cost insurance. Tuo Guozhu, director of the Rural Insurance Research Institute of the Capital University of Economics, said that in the first four years, four major steps have been taken in the full cost insurance of the three major grain crops, the first step is the pilot, the second step is to implement 500 large grain-producing counties in 13 major grain-producing provinces, the third step is to cover all 826 counties in 13 major grain-producing provinces, and the fourth step is to cover all major grain-producing counties in any province, so as to cover more than 1,000 large grain-producing counties. At present, all farmers who grow the three major food crops can participate in the full cost insurance, which is a breakthrough, so that all farmers who grow the three major food crops can benefit, which is more fair and reasonable. Not only that, the insurance of other planting and breeding targets should also gradually increase the insurance amount and do full cost insurance.
Wang **, a professor at the School of Insurance of the University of International Business and Economics, also said that expanding the scope of implementation of full cost insurance and planting income insurance policies will help improve the stability of agricultural production and farmers' income, improve the agricultural risk management mechanism, promote the sustainable development of the agricultural industry, and ensure national food security.
*No. 1" document also proposes to encourage local governments to develop insurance for special agricultural products. From the release of model clauses for the insurance of local characteristic agricultural products to the establishment of an insurance reserve for local advantageous and characteristic agricultural products in Liaoning Province in conjunction with multiple departments, many places have taken measures to promote insurance institutions to innovate and carry out insurance of local characteristic agricultural products according to local conditions.
In the view of industry insiders, to promote the healthy development of local characteristic agricultural products insurance business, it is not only necessary to carry out innovation of characteristic agricultural insurance products according to local conditions, promote the popularization and standardization of agricultural insurance terms, but also inseparable from all parties including insurance institutions to improve the quality of insurance services and strengthen publicity and guidance.
Deeply cultivate accurate insurance claims.
In the vast fields, the hard-working farmers look forward to the joy of a good harvest. However, agricultural production faces many risks, such as natural disasters, pests and diseases, etc., and these unforeseen factors can bring huge losses to farmers. As an effective means to transfer the risks of agricultural production and operation, agricultural insurance plays an important role in promoting agricultural modernization, promoting rural revitalization, and stabilizing farmers' income.
A few days ago, a set of data revealed by the State Administration of Financial Supervision and Administration showed that in the past three years, agricultural insurance has provided risk protection for poverty alleviation areas 43 trillion yuan, with an average annual growth rate of 7%.
This year's "No. 1" document proposes to promote the accurate insurance and claim settlement of agricultural insurance, so that all compensation should be paid.
This is the first time that such a specific business opinion has been put forward in the '**No. 1' document. Tuo Guozhu said that first, this issue is the key to do a good job in agricultural insurance, and participating in insurance is to get full compensation after being damaged. Second, it shows that in practice, this problem is more prominent, and many affected rural households have not received full compensation, which has caused the rights and interests of those affected rural households to be damaged, and the policy objectives have not been fully achieved, resulting in dissatisfaction among many parties, including farmers. After the disaster in several areas last year, because some areas did not do well enough to settle claims, it attracted the attention of all parties.
Tuo Guozhu said that it is timely for the "*No. 1" document to raise this issue. It is hoped that this opportunity will be used to make important changes in these two important links, so that agricultural insurance can be more standardized, so that farmers can achieve "full compensation" and truly get the compensation they deserve.
In the face of relentless natural disasters, every timely claim payment is like a ray of hope. It is crucial for farmers to resume production and boost their confidence in the future.
Specifically, precise insurance can carry out refined and personalized risk assessment of agricultural production through technology and other means, and provide farmers with customized insurance solutions. So that agricultural insurance can be more intimate and reliable. In Wang's view, risk assessment and management should be strengthened when underwriting, and effective measures should be taken to prevent and reduce the occurrence of risks. When settling claims, it is necessary to improve the claim system and process, clarify the claim settlement standards and procedures, and ensure the standardization of claim settlement; strengthen communication and coordination with farmers; Promote the application and innovation of insurance technology in claims settlement, use Internet of Things technology to achieve remote loss assessment and investigation, use big data analysis to improve the accuracy of risk assessment and research, and use artificial intelligence technology to optimize the claims process and intelligent customer service.
The first mention of catastrophe insurance, how to improve the system.
Gansu suddenly**, North China Huanghuai and other places were attacked by rain and snow, and Typhoon "Dusuri" hit ...... stronglyTsunami, ** and other catastrophes are easy to cause major personnel and huge economic losses. Whether insurance can be paid is a matter of great concern to many people.
Catastrophe insurance is an insurance product that diversifies risks and compensates financially for huge natural disasters such as **, typhoons, tsunamis, and floods in the form of insurance. The "No. 1" document proposes to improve the catastrophe insurance system, and catastrophe insurance is mentioned for the first time in the "No. 1" document.
The inclusion of catastrophe insurance in Document No. 1 may be the recent increase in extreme weather events caused by global climate change, which have had a severe impact on agricultural production. In addition, with the adjustment of China's agricultural industrial structure and the development of rural economy, the demand for risk protection in agriculture is also increasing. Wang Peng said.
Catastrophe insurance, also known as "agricultural catastrophe insurance" in the industry. Some provinces have established an "agricultural catastrophe insurance system" on the basis of agricultural insurance. It is understood that there are two main types of "agricultural catastrophe insurance" models. Tuo Guozhu said that one is the provincial ** funded the establishment of the province's "agricultural catastrophe insurance" in the province to establish an "agricultural catastrophe insurance" system, where farmers suffer property and personal economic losses because of the "catastrophe", they can get a certain amount of compensation. Hunan, for example, established such a system in 2015. In the event of a catastrophe, a total loss of the house can be compensated, a total loss of crops can also be compensated on the basis of agricultural insurance compensation, and personal ** can also be compensated. The other type is that the provincial or municipal level purchases "agricultural catastrophe insurance" from insurance institutions, and after the catastrophe loss, the compensation received from the insurance company is used to arrange disaster relief, and gives certain compensation to the property loss and personal life of farmers.
In Tuo Guozhu's view, the establishment of an "agricultural catastrophe insurance" system can not only solve the huge gap in disaster relief funds, but also make up for the current low level of policy-based agricultural insurance protection and insufficient compensation. However, this system relies on financial funds to pay insurance premiums or establish a top-level design of "agricultural catastrophe insurance", which is only advocated, and it may be difficult to fully implement it in a short period of time. Provinces with conditions can take the lead.
In the context of the rising demand for catastrophe insurance in the society, the "Proposal of the Communist Party of China on Formulating the 14th Five-Year Plan for National Economic and Social Development and the Long-term Objectives for the Year 235" clearly states that it is necessary to develop catastrophe insurance and improve the ability to prevent, mitigate, resist and relieve disasters.
In 2023, the relevant person in charge of the Insurance Association of China made it clear that it will organize industry forces to accelerate the research and formulation of catastrophe claims standards in the industry, standardize the catastrophe claims service process and service standards, and guide the establishment of a catastrophe pre-compensation mechanism to achieve quick compensation, full compensation and reasonable pre-compensation.
Wang said that the high-quality development of China's catastrophe insurance system requires the joint efforts of China's catastrophe insurance system, insurance companies, and all parties in society to establish and improve the corresponding legal and regulatory systems, policy support systems, risk management systems and market operation mechanisms, and form a diversified and multi-level risk sharing mechanism.
Beijing Business Daily reporter Hu Yongxin.