An Introduction to the Development and Regulation of Agricultural Insurance in China

Zhou Yanli
Additional contact information
Zhou Yanli: China Insurance Regulatory Commission, No. 15 Jinrong Dajie, Xicheng District, Beijing, People's Republic of China

The Geneva Papers on Risk and Insurance - Issues and Practice, 2009, vol. 34, issue 1, 78-84

Abstract: The importance of agriculture in a country with 1.3 billion people is self-evident. Agricultural insurance, however, did not emerge in China until the 1930s. Having gone through twists and turns, agricultural insurance is now widely recognised as an important means of protection for production and for the life of people in rural areas. Under the guidance and with the support of the government at all levels, pilot projects of agricultural insurance are being carried out. The China Insurance Regulatory Commission is strengthening its supervision of agricultural business and exploring a set of regulations for this sector. As a result, the market is growing quickly; the market structure has become more diversified and more products are available. In the pilot efforts to find a good model for agricultural insurance in China, some successful experiments have been made. Policy support is found to be a necessity in a sustainable agricultural insurance system for China. Local differences should receive appropriate attention and innovation should be encouraged to create a practical agricultural system that satisfies local needs in a large country like China. The Geneva Papers (2009) 34, 78–84. doi:10.1057/gpp.2008.39

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v34/n1/pdf/gpp200839a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v34/n1/full/gpp200839a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:34:y:2009:i:1:p:78-84

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().