Research On Micorcredit Insurance Development Of Hebei Province

The Third Plenary of the 18 th central committee of the Communist decides to develop inclusive finance. This not only marks the inclusive finance into a new stage of development in our country, but also become the important content of deepening the reform of financial system, more importantly, It is of great significance and far-reaching to benefit all people. At present, our country has entered the critical period of building well-off society in an all-around way, in the crucial stage that accelerate transformation of the mode of economic development, which put forward higher request to inclusive finance construction. Inclusive finance focus on acceleration of the financial system reform and innovation of financial service, constantly improving the modern financial system, providing financial services for all social strata and groups in a timely and effective manner, make modern financial services to benefit the community and the weak link of economic and social development, to support the development of the real economy better. Microcredit insurance products that Hebei Province released aims to provide good solution to the low and middle income earners, micro, small and medium enterprises, venture capital. It also an innovation of insurance products. Through insurance microfinance borrowers are more likely to obtain loans, insurance company obtain premium income, insurance company, customers, Banks,insurance companies all get benefits.Hebei province gradually promote the Microcredit insurance products in 2014. How about the development of Microcredit insurance products in Hebei province? What about actual effect? Did it ease customers’ the difficulty of financing? Did it reach tripartite win-win situation among insurance companies, Banks, customer? This paper investigates the microcredit market in Hebei province in 2014, the research shows that microfinance insurance products is welcomed by the masses of customers, the development potential is tremendous, it become a new growth point of cooperation between Banks and insurance companies.Microcredit insurance products that offer finance for individuals and small and medium-sized enterprise in our country has just started, Hebei province belongs to the initial development stage, the insurance company will face some problems such as high risk, high cost, high rate that customers think is reasonable, irregularities operation in the process of the development, this paper finds out the problems of microcredit insurance products in Hebei province, and put forward relevant suggestions, in order to help microfinance insurance market in Hebei province to achieve sustainable development.