Jinshan District Innovates Financial Insurance Services for Agriculture and Rural Areas

Jinshan District has been committed to enhancing financial insurance services for agriculture and rural areas, aiming to build a multi-level agricultural insurance system. The district has implemented various initiatives to achieve this goal, including policy guidance, technological transformation, and optimized claims processing.

Key Takeaways:

• Jinshan District has formulated a district-level agricultural insurance subsidy catalog to increase the willingness of agricultural operators to purchase insurance.

For example, the city launched the first high-quality agricultural product quality meteorological index insurance, with more than 70% of the premium subsidized by governments at all levels, and the proportion of low-income farmers' self-payment reduced to less than 10%.

• The district created a transformation and development model of "agriculture + insurance + technology" and introduced new technologies and equipment into agricultural production and operation entities.

The "smart plant factory" production management technology was introduced in Langxia Town, and the city's first "high-quality vegetable income insurance" was launched, which included the yield risk of high-quality vegetable planting using agricultural technology and the price risk after listing into the scope of protection.

• The district optimized the claims process by building an online claims system and promoting the "one-stop" reform of online claims. The number of application items for farmers has been reduced from 23 to 4, and the number of materials has been reduced from 5 to 0 through data sharing.
• The automated online claims system automatically identifies the cause of the disaster and pushes it to the relevant department for online certification, and directly connects to the insurance company system, realizing "zero-running" processing.

Statistics:

• More than 70% of the premium of the high-quality agricultural product quality meteorological index insurance is subsidized by governments at all levels.
• The proportion of low-income farmers' self-payment reduced to less than 10%.
• 23 on-site visits for farmers has been reduced to 4.
• 5 on-site materials for farmers has been reduced to 0 through data sharing.
• The automated online claims system has reduced the processing time to a near-zero level.

Sources:

• Jinshan District Official Website, "Jinshan District continues to innovate financial insurance services for agriculture, rural areas and farmers, and strives to build a multi-level agricultural insurance system."