CIRC: Four Measures to Establish a Policy-Based Agricultural Insurance System

The China Insurance Regulatory Commission issued an announcement on February 22 that in 2011, the China Insurance Regulatory Commission had received a total of 129 recommendations from the Fourth Session of the Eleventh National Committee of the People's Congress, an increase of 43 cases compared to 2010; and it had received the fourth meeting of the Eleventh CPC Committee from the National Committee of the Chinese People's Political Consultative Conference. There were 89 proposals, and other ministries and commissions had transferred 1 case, totaling 90, an increase of 6 compared to 2010. At present, all the procedures have been completed.

According to the announcement, the China Insurance Regulatory Commission decided to establish a policy-based agricultural insurance system as a key recommendation and proposal, continue to earnestly implement the spirit of the Central Document, further implement the national policy of supporting agriculture and benefit agriculture, and vigorously promote the development of agricultural insurance to provide more and better for the majority of farmers. Insurance service. The first is to further strengthen the construction of the agricultural insurance laws and regulations system, promote the introduction of agricultural insurance regulations as soon as possible, and ensure that agricultural insurance standards are sound and rapid development. The second is to further strengthen the establishment of a grass-roots agricultural insurance service system, organically combine agricultural insurance policies with agricultural subsidies, rural credit, and agricultural relief, so that the various policies for supporting agriculture and benefiting farmers can be linked to each other, maximize support for agricultural production, and actively explore the township government. The agricultural insurance service model with Chinese characteristics is coordinated by the grass-roots agricultural, forestry, and financial sectors. The third is to further improve support and support policies, increase the types of premium subsidies, expand areas covered by premium subsidies, and introduce support policies for local pillar agricultural products (11.73, 0.15, 1.30%) insurance and specialty agricultural product insurance. Fourth, study and establish the mechanism of agricultural reinsurance and catastrophe risk transfer and dispersion under the support of the central government, do a good job in the prevention and resolution of catastrophic risks, and provide more and better risk protection for “agriculture, rural areas and farmers”.