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[Relevant person in charge of the Ministry of Finance answers reporters’ questions on the “Implementation Plan on Accelerating the High-quality Development of Agricultural Insurance”] September 16th, according to news from the Ministry of Finance on September 16, the relevant person in charge of the Ministry of Finance answered reporters’ questions on the “Implementation Plan on Accelerating the High-quality Development of Agricultural Insurance”. It is mentioned that in order to promote agricultural insurance policies to be more inclusive, regional development to be more balanced, and guarantee quality and efficiency to continue to improve, this "Implementation Plan" clarifies the development goals for the next stage: by 2030, a multi-level agricultural insurance system that is consistent with the risk protection needs of farmers, adapted to the development of modern agriculture, and with division of labor between the central and local governments will generally reach the international advanced level and achieve a win-win situation in which subsidies are efficient, industries are guaranteed, farmers benefit, and institutions are sustainable. The guiding document issued in 2019 proposed phased goals such as a depth of 1% of agricultural insurance, a density of 500 yuan/person, and an insurance coverage rate of more than 70% for the three major grain crops by 2022.
On this basis, the "Implementation Plan" further clarifies the following development goals: First, "agricultural insurance depth", that is, the ratio of agricultural insurance premiums to the added value of the primary industry, reflects the contribution of agricultural insurance to rural economic development, reaching 1.9% by 2030. The second is "agricultural insurance density", which is the ratio of agricultural insurance premiums to the number of employees in the primary industry, which reflects the per capita benefits and protection of agricultural insurance. It will reach 1,200 yuan per person by 2030. The third is "agricultural insurance science and technology investment intensity", which is the ratio of agricultural insurance institutions' scientific and technological innovation investment to agricultural insurance premiums. It reflects the level of scientific and technological innovation application in the agricultural insurance industry and will reach 1% before 2030. Among them, agricultural insurance technology innovation investment mainly includes agricultural insurance technology staff expenditures, technology service fees, technology intangible assets and fixed assets and other items. The fourth is the "insurance coverage rate of the three major food crops". For the three major food crops that are related to the national economy, people's livelihood and food security, the nationwide agricultural insurance coverage rate has stabilized at around 90%, and each province has formulated relevant goals based on actual conditions.
At the same time, we should improve the protection level of local advantageous and characteristic agricultural insurance for characteristic agricultural industries and better play the role of enriching and strengthening farmers. The fifth is the "agricultural insurance comprehensive expense rate", which emphasizes that it should not be higher than 20%, guiding agricultural insurance underwriting institutions to effectively reduce costs and increase efficiency, and use more resources for risk protection and claims services.
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