Research On Mutual Insurance System In Fishery From Fishermen's Prospective

Since its implement in 1994, the mutual insurance has played an important role in spreading risk for fishermen. However, there are still some problems existing in regulation, government support, supervision and subsidies and the service quality of fishery association. This situation can not satisfy the demand of fishermen. Therefore, to find problems hiding in Chinese fishery from the angle of fishermen is very urgent and necessary for the perfection of Chinese mutual insurance and the promotion of fishery insurance. This article includes:1. Referring to the theories of the new institutional economics, such as Property theory, Agency cost theory and Theory of Moral Hazard, combining the process of mutual insurance, this paper explained the content of the mutual insurance--A means that those people or unity who have the same demands over the risk collaborate together to get insurance so. as to satisfying themselves insurance demands. The main characteristic is Non-profit, integration of insure one and insured one; profit and loss shared by all the members; low moral hazard and the organizational management as well as the voting rights belonging to all the members.2.This Paper, firstly, introduced the organizational system of Mutual Insurance on fisheries both in the Japan and the South Korean; insurance category; relating laws and classic cases, and then, concluded their experiences, including Congress legislation protection; Government strongly supports; national credit guarantee, social organizational operation and sophisticated supervision.3. On the basis of introducing our fishery mutual insurance implementation and analyzing of its major problems, such as the legal imperfection; government's insufficient supports; unclear internal and external relationship in mutual insurance associations; not full using of mutual peculiarities and far more spaces of improving need in services.4. This paper did some research analyses on fishery mutual insurance along the coastal areas in Zhejiang province. Through some describing of fisherman's culture, age, and how long of their engaging, their rare acknowledgement of mutual fishery insurance is found out. By building the Logistic regression model to study 14 related factors' effective size and direction, the conclusion that insurance fee is in negative correlation to the insurance rate, and risk, total losses as well as government's subsidy are in positive correlation; joining in the management and exploring new insurance category are in little correlation; the specificity of fishery making fisherman's dare need of fishery insurance. 5. On the basis of data analysis as above, this paper proposed some policy advices. Viewing from protection institution facet, an urgent need to develop specific fishery insurance laws; allowing mutual insurance association to open branches in the fishery areas; adding subsidy of fishery insurance fee are all applicable. Viewing from internal management facet, improving mutual management, council, board of supervision and self-management are also feasible. Viewing from coordination of internal and external functions, a clear defining of relationship between mutual insurance association and fishery supervision department as well as Chinese mutual insurance association and province mutual insurance association is persuadable.