Research On Egg Futures Plus Price Insurance Of A Property Insurance Company

In recent years,the "insurance + futures" model as a means of innovative agricultural risk management tools is increasingly favored by China's insurance market.In 2018,A property insurance company first promoted egg futures price insurance in Henan Province.Unlike traditional agricultural insurance claims,which are limited to materialized costs,the insurance products can disperse and transfer the market faced by laying hens in the case of fluctuating egg prices.The price is down,and the market influence is gradually increasing.Since the domestic research on egg price insurance started late,there are fewer pilot cases of futures price insurance in the “insurance + futures” model,and the risks and returns of the participating entities in the operation practice of futures price insurance products are not clear,so the price of egg futures The promotion and implementation of insurance has formed a great resistance.Strengthening the research on the issue of egg futures price insurance has become a realistic problem faced by A property insurance companies and China's insurance industry.A property insurance company egg futures price insurance product operation mechanism is that the egg chicken breeding entity purchases the egg futures price insurance product from the insurance company,and transfers the risk of the falling egg price to the insurance company;the insurance company pays the premium to buy the futures risk management company's off-site Put options,in the form of reinsurance,transfer the risk of falling egg prices to futures risk management companies;futures risk management companies are risk control and management terminals for egg futures price insurance,using their own professional skills to hedge the exposure of options positions in the futures market Realizing the delta neutrality of the position,the risk of falling egg prices is transferred to many traders in the futures market.In the operation of this product,based on the research of the participating subjects,it is found that each participating entity can achieve different degrees of income,but there are still the following problems: the risk of food culture is not strong,and the risk management ability is weak;The rate is difficult to determine,and it faces institutional obstacles and constraints;futures risk management companies lack on-site hedging instruments,contract capacity constraints,and possible systemic risks.The existence of these risk factors restricts the insurance demand and insurance supply of A property insurance company's egg futures price insurance products.Combining with existing literature research and drawing on the experience of developed countries,in order to better promote egg futures price insurance,A property insurance companies can choose to promote the promotion of insurance companies;scientifically design products;improve the service level of insurance companies;Sales channels.At the same time,in order to promote the sustainable development of egg futures price insurance and provide reference for the use of “insurance + futures” model in other commodities,the government should: incorporate egg futures price insurance into policy business;improve the law related to egg futures price insurance Regulations;establish a risk sharing system for egg futures price insurance;explore the implementation of the egg income insurance plan.