December 25, 2008

Agricultural insurance premiums to reverse the situation to shrink year by year increase of 411.4 percent year-on-year

From the department the authority to the latest statistics, January to July this year, the National Agricultural Insurance signing premium 6,450,000,000 yuan, up 411.4 percent over the year 2007 in terms of premium income. Agricultural Insurance changed its position, to enter the fast track of development.

All along, the state attaches great importance to the agricultural insurance, for five consecutive years, the central one of three agricultural insurance documents are the work of deployment, in 2006 the State Council on the 23rd text also made clear the development of three agricultural insurance requirements. In 2007, agricultural insurance premium income of 51.8 billion yuan, 13 times in 2004. 49,820,000 insured farmers, agricultural production has provided security risk 112,600,000,000 yuan.

Not because of the establishment of a mechanism to spread the risks of catastrophe and the lack of state tax policies to support a variety of factors, and so on, plus the risk of large, high operating costs, China's agricultural insurance business sustained losses. From 1985 to 2004, only two low-profit, a loss of 18 years.

In order to reverse the downturn, the China Insurance Regulatory Commission will be included in the three agricultural insurance development of the insurance industry's focus areas. With yesterday's Xinhua Life Insurance, and the declaration of a small rural insurance market, at present, including China Life Insurance (601,628, it shares), the China People's Insurance, Taikang insurance, and the Pacific (601,099, it shares), such as life has been formed into a strong market services in rural areas The strength of the insurance. China People's Insurance, China Life Insurance (601,628, it shares), several large insurance companies also developed a strategic plan the development of rural insurance.

In the three agricultural insurance at the same time the increase in the number of insurance services in the area has been broadened. Related to authoritative sources said that at present, the markets of agricultural insurance amounted to more than 160 insurance, covering the farming and aquaculture in various fields. Agricultural products (000,061, it shares) and the prices of agricultural products (000,061, it shares) which is also the quality of insurance.

It is reported that a number of local enterprises by adopting, breeding or large agricultural cooperative organizations of farmers led unity insurance approach to policy-oriented agricultural insurance and rural areas to apply for small loans, mortgages and so on the right-lam, trying to resolve the loan farmers and rural credit cooperatives Both the risk of security problems.

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