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The key to cracking the aquaculture insurance problem lies in fiscal subsidies and catastrophic disaster relief
In recent years, coastal areas such as Fujian and Zhejiang have frequently been hit by natural disasters such as typhoons and red tides, dealing a heavy blow to fishery production. After a disaster, it is very difficult for fishermen to resume production relying only on government relief. How to give play to the function of mutual insurance and rely on the market to promote the steady development of fisheries
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An Analysis of the Catastrophic Risk Diversification Mechanism for Agricultural Insurance
The "Decision" of the Third Plenary Session of the 18th CPC Central Committee proposed improving the insurance economic compensation mechanism, establishing a catastrophe insurance system, and improving the agricultural insurance system. The catastrophic risk diversification mechanism in agricultural insurance operations is an indispensable institutional element and important component of the agricultural insurance system.
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