系统性风险、指数保险与发展中国家实践

Systematic Risk,Index Insurance and Practice in Developing Countries

作为一种与区域产量高度相关的金融产品,指数保险被认为是一种有效替代传统农业保险的风险管理工具。本文通过对指数推出动因及发展中国家指数保险试点项目的分析,认为指数保险的赔付方法能够节约交易费用和管理成本、其结构化设计可以细化农作物从种植到收获期不同阶段的风险。针对指数保险有效需要不足、基本风险较高、私人保险公司进入意愿等问题,本文提出从宣传、农业基础实施建设、指数保险与农村信贷互动等方面着手,扩大指数保险的覆盖面和实现指数保险的可持续发展。

Practice in developing countries shows that index insurance,as a financial product correlated with area-yield,could be an effective risk managerial tool to overcome systematic risk of agricultural production.Based on the analysis of pilot project,this paper found that the index insurance can deal with the problems of adverse selection moral hazard,and also reduce transaction cost and management cost in traditional insurance model.What the government should do now is to enhance publicity,improve rural infrastructure,interlink the index insurance and credit to realize the sustainable development of index insurance.