Research On The Innovative Model Of "Living Mortgage +Livestock Mortality Insurance" Of Z Insurance Company

Animal husbandry has always been an important industry of national economy and People’s livelihood.In recent years,driven by the policy dividend,the animal husbandry in our country has developed rapidly.In 2020,the output value of animal husbandry exceeded 4 trillion yuan,reaching 4026.67 billion yuan,accounting for 29.2%of the total output value of agriculture,forestry,animal husbandry and fishery,with an increase of 2.5 and 3.9 percentage points over 2019 and 2018 respectively,the role of animal husbandry in agriculture has become increasingly prominent.However,the high cost and high risk of the weak nature of the industry determines that the livestock industry in the process of high-quality development will face many difficulties,among them,financing predicament and production and management risk are two insurmountable problems that animal husbandry faces in practice all the time.In order to solve these two problems,on the one hand,the state encourages rural financial institutions to increase the credit to the main operators of animal husbandry,on the other hand,it develops animal husbandry insurance to deal with the business risks faced by them.Both measures have eased the financing problems and business risks faced by the animal husbandry industry to a certain extent,promoted the income growth of livestock farmers and ensured the stability of livestock production,it has contributed to the national food security strategy and the supply security strategy of important agricultural products.Nevertheless,there are also many problems with livestock credit and livestock insurance.First,there is a lack of effective collateral in terms of credit,however,the low insurance coverage and low insurance coverage have not been able to effectively solve the problems of credit and operational risks;secondly,the banks and insurance have not been organically combined,and the cooperative governance model of credit risks has not been fully established,the synergy between the two is not effective.To this end,both theoretical and practical fields around the issue of synergy between the two carried out related theoretical research and product development,a series of theoretical results and innovative models,it provides theoretical support and practical basis for the high-quality development of animal husbandry.Among them,a more representative result is the Z insurance company in 2020 in inner mongolia,“Living mortgage living loan + Livestock Mortality Insurance” innovation project.On the basis of a summary of relevant studies at home and abroad,this paper analyses the current situation of the development of our country’s aquaculture insurance and the financing of participating entities,based on the theories of credit rationing,rural finance and Information asymmetry,it is found that there are some problems in the financing process of the participants in our country,such as the lack of stable cooperative relationship among the participants,the lack of effective risk transfer mechanism,the lack of innovation of insurance products and service modes,etc..Then it analyzes the implementation background of“Living mortgage loan + livestock mortality insurance” and the related participants,the operation mode of the project,the design of insurance products,the progress of the project and the implementation effect of the project are also analyzed,this paper sums up the role of this innovative mode in solving the problems existing in the financing process of the main body participating in the operation of our country’s aquaculture insurance.Finally,the paper summarizes the deficiencies in the overall design,implementation and operation of the project,and puts forward reasonable suggestions for different participants.