China's agricultural insurance has made great progress in a relatively short period of time, but there is still a big gap compared with the requirements of agricultural power. To give full play to the function of agricultural insurance, it is necessary to strengthen financial security, strengthen quality services, and strengthen scientific and technological support.

Farmers can grow grain more at ease! Recently, the executive meeting of the State Council deployed the full implementation of the three major grain crop complete cost insurance and planting income insurance policies across the country. The expansion of agricultural insurance for the three main grains is a major event in the development of agriculture and insurance. This major breakthrough is conducive to further stabilizing the income of grain farmers, enhancing the ability of agricultural disaster prevention, mitigation and relief, and making the Chinese people's rice bowl more secure.

Ensuring food security is a fundamental event related to the national economy and people's livelihood. Rice, wheat, and corn are the main food varieties in the rice bowls of our people. Agricultural production is often damaged by natural disasters. In recent years, various natural disasters, such as extreme rainfall and floods and geological disasters, have caused shocking losses, highlighting the importance of insurance protection. The role of the three major grain agricultural insurance is to hold up a "protective umbrella" for grain production, stabilize the income of grain farmers, and protect farmers' enthusiasm for growing grain.

Since the implementation of the agricultural insurance premium subsidy policy by the central government in 2007, China's agricultural insurance has been expanding, increasing products and raising standards. In terms of the level of protection, it has evolved from the direct materialized cost of protection to covering all agricultural production costs or income. Direct physical and chemical costs include seeds, fertilizers, pesticides, irrigation and other costs. However, this is not the full cost of agricultural production. Full cost insurance covers the total cost of agricultural production such as materialized costs, land costs and labor costs, and planting income insurance covers agricultural planting income. These two insurances reflect a higher level of protection, and basically realize the "drought and flood protection" for insured farmers ".

Due to the large differences in economic and social development in various parts of our country, most agricultural insurance policies adopt the practice of piloting first, and then gradually expanding and popularizing. As far as the full cost insurance and planting income insurance for the three major food crops are concerned, it has gone through the process of piloting, implementing it in the main food-producing provinces and covering all major grain-producing counties in the country, until this deployment is fully implemented nationwide. The expansion of agricultural insurance for the three major grains to achieve full coverage has effectively enhanced the inclusiveness of this important policy, so that the majority of grain farmers no longer "rely on the sky for food" and obtain effective protection, which can be said to have taken "reassurance".

China's agricultural insurance has made great progress in a relatively short period of time. At the same time, we should also see that there is still a big gap between the development level of agricultural insurance and the requirements of agricultural power. In the implementation of the policy, there are still some problems and shortcomings. For example, there is still a lot of room for "expanding coverage, increasing products, and raising standards", the ability of underwriting institutions to serve the grassroots needs to be further improved, and the operating cost of agricultural insurance is high. Further improve quality and efficiency, especially strengthen policy guarantees and improve service levels.

To give full play to the function of agricultural insurance, we should strengthen the guarantee of funds. Agricultural insurance is policy-oriented, that is, due to the high risk of agricultural production and the relatively limited willingness of farmers to insurance, agricultural insurance is not suitable for the development model of pure commercial insurance, and requires financial subsidies and support. Financial support is an important guarantee for the sustainable development and function of agricultural insurance, and it is very important to manage and make good use of financial funds. This year, the central government's agricultural insurance premium subsidy will be 54.5 billion yuan, up 18.7 percent. Under the situation of tight fiscal balance, such great efforts to support the development of agricultural insurance shows that the country attaches great importance to it.

On the basis of subsidies from the central government, local finance also needs certain supporting facilities to strengthen financial security, strengthen budget constraints, and allocate premium subsidies in full and in time. The use of funds should strengthen performance orientation, do a good job of performance operation monitoring and performance evaluation, to ensure that the policy is accurate drip irrigation, and really play the benefits of funds. At the same time, it is necessary to strengthen departmental coordination, strengthen the review and supervision of premium subsidy funds, prevent funds from being regarded as "Tang monk meat", and seriously investigate and deal with arrears, interception, and misappropriation of subsidies.

To give full play to the function of agricultural insurance, we should strengthen quality services. Underwriters should optimize the design of insurance types and claims services, and determine insurance rates in accordance with the principle of capital preservation and low profit, so as to achieve coverage to households, fixed losses to households, and claims to households. The implementation of the agricultural insurance policy should smooth the "last mile" of service, optimize the agricultural insurance underwriting and claims business system, further improve the efficiency of underwriting and claims services, improve the accuracy of underwriting and claims, once the insurance can quickly settle claims, should be compensated, and effectively enhance the farmers' sense of gain.

To play the function of agricultural insurance, we should strengthen the support of science and technology. Improving the accuracy and fineness of agricultural insurance requires the help of science and technology. In recent years, many local and insurance institutions have explored satellite remote sensing, drones, GPS positioning, AI recognition and other technical means to quickly and accurately determine the area and extent of loss. The next step is to increase the application of agricultural insurance technology in underwriting claims. At the same time, we should strengthen the construction of agricultural insurance information infrastructure and improve the accuracy and effectiveness of agricultural insurance.

The Central Financial Work Conference pointed out that we should do a good job in science and technology finance, green finance, inclusive finance, pension finance, digital finance five major articles. As an important means to disperse the risk of agricultural production and operation, agricultural insurance is an important part of inclusive finance. The expansion of agricultural insurance for the three major grains has ushered in an important opportunity for the high-quality development of agricultural insurance. It is necessary to do a good job of benefiting farmers, help rural revitalization, and better serve to ensure national food security.