Recently, since the 18th National Congress of the Communist Party of China, the 12th Central Document No. 1 guiding the work of "three rural" has been released, and the "three rural" work has been systematically deployed for the current and future period.
Agriculture is the state, and the country is solid. Over the years, Sunshine Property & Casualty Insurance has actively practiced its responsibilities as an insurance company, cultivated its insurance feelings, continued to play an important role in dispersing agricultural production and operation risks, and ensuring farmers' income, and contributed to the construction of an agricultural power and rural revitalization with high-quality financial and insurance services.
"Guaranteeing" Food Security and Stabilizing "China's Rice Bowl"
Food security is the "great power of the country", and ensuring national food security is an important foundation for achieving economic development, social stability, and national security. Focusing on the three major staple crops and important oil crops such as soybeans, Sunshine Property & Casualty Insurance actively develops full-cost insurance and planting income insurance to help the high-quality development of the "Three Rurals" and ensure food security.
Heilongjiang is the largest grain-producing province in the mainland, and "there is a bowl of Longjiang grain for every nine bowls of rice in the country." From July to September last year, affected by typhoons and heavy rainfall during the flood season, large-scale floods occurred in some parts of Heilongjiang, and a large area of farmland in Yi'an County, Qiqihar City was damaged, seriously affecting crop yields and farmers' income. At the critical juncture, Sunshine Property Insurance played an important role in providing soybean and corn income insurance for Yi'an County. After the disaster, Sunshine Property Insurance immediately conducted a survey and damage assessment through drone and satellite remote sensing technology, and paid 27.38 million yuan in compensation to the affected farmers based on the manual damage assessment data, which greatly reduced the income loss of the affected farmers and prevented them from returning to poverty due to the disaster.
Farmers in Lanxi County, Suihua City, also received compensation for their losses. Previously, farmers in Lanxi County had purchased policy-based planting insurance including full cost insurance for rice, corn and soybeans at Sunshine Property Insurance. When the farmers were at a loss due to the disaster in their fields, Sunshine Property Insurance quickly followed up and fully supported the disaster relief, and paid more than 8.2 million yuan in compensation to the farmers as soon as possible, stabilizing the farmers' confidence in resuming production.
In order to minimize the losses of farmers, Sunshine Property Insurance issued early warnings to farmers before the disaster came, and quickly organized personnel to go to the affected villages to participate in the rescue work during the disaster, such as hiring trenchers to dig ditches and drain water overnight, purchasing axial flow pumps to pump water for disaster relief, etc., so as to reduce the impact of natural disasters on food production as much as possible.
From "pre-disaster early warning", "disaster rescue" to "post-disaster claims", Sunshine Property & Casualty Insurance continues to improve the quality and efficiency of its services, strongly supports the implementation of the food security strategy, and eliminates the worries of grain farmers. In 2023, Sunshine Property & Casualty Insurance provided a total of more than RMB 2.75 billion in risk protection for the three major staple crops of rice, corn and wheat, as well as oil crops such as soybeans, covering Heilongjiang, Shanxi, Hubei, Liaoning and other major grain producing areas, with a total of RMB 99.6 million in compensation, benefiting a total of 95,000 rural households.
"Protect" local characteristics and make enough "local specialties" articles
The mountain oil tea tree is fragrant and overflowing in southern Gansu. Ganzhou City, Jiangxi Province, has a history of more than 2,000 years of Camellia oleifera cultivation, and is the main production area of Camellia oleifera in China and a demonstration city for the development of Camellia oleifera industry in China. "Gannan Camellia Oil" is listed in the "Guiding List of Key Contacts for the Promotion of the Use of Geographical Indications" of the State Intellectual Property Office, and is a characteristic brand that promotes the income of local farmers and boosts rural revitalization. Sunshine Property Insurance has set up a "sunshine umbrella" for Camellia oleifera growers through planting insurance and price index insurance. By the end of 2023, Sunshine Property Insurance has insured more than 5,000 mu of Camellia oleifera in Ganzhou, providing a total of more than 17 million yuan of risk protection.
"Thanks to the insurance, Camellia oleifera growers like us are more confident!" Mr. Zhong, who got the compensation, sighed repeatedly. In May last year, Mr. Zhong took out Camellia oleifera price index insurance with Sunshine Property Insurance. In December last year, when the selling price of Camellia oleifera fell and was lower than the price of the insurance contract, Sunshine Property Insurance immediately visited the cadres of the local Forestry Bureau, and then paid the approved compensation of more than 50,000 yuan to Mr. Zhong, which alleviated Mr. Zhong's losses.
Badong County, Enshi Prefecture, Hubei Province, is located in the Three Gorges Reservoir area, with a long history of citrus cultivation and is the main citrus producing area in Enshi Prefecture. At the beginning of July last year, many towns and villages in Badong County were hit by extreme rainstorms, and some citrus root systems were damaged, and leaf and fruit fell one after another, and many citrus growers faced varying degrees of economic losses. Sunshine Property & Casualty Insurance quickly opened a green channel for special claims, completed the investigation and verification of losses in only 22 days, and paid 241,000 yuan in compensation to the affected entities in early August, which recovered the losses of growers to the greatest extent and stabilized their production enthusiasm.
"After the disaster, I tried to call the report number of Sunshine Property Insurance, and their claims adjuster quickly contacted me, saying that they would come to the scene to see the damage situation, check the damage assessment, and pay me the claim money soon after checking the damage," said Wang Xuxian, a villager in Dongyingkou Village, Dongyingkou Township, Badong County. After receiving more than 20,000 yuan of insurance claims, Wang Xuxian said that he would increase his insurance efforts in the coming year and insure all the citrus grown.
In recent years, on the basis of the innovation and exploration of policy-based insurance, Sunshine Property Insurance has actively explored the insurance of local characteristic agricultural products according to the actual development of various regions. In 2023, a total of 26 types of local characteristic agricultural insurance will be carried out, providing 22.7 billion yuan of risk protection for the majority of farmers, covering the main advantageous characteristic agricultural products of fruits, aquaculture and other categories, contributing to the improvement of the multi-level agricultural insurance product system and the improvement of the degree and coverage of agricultural insurance.
Insurance + futures insurance "price" escort is more powerful
At that time, I paid less than 30,000 yuan in premiums and insured the 2,000 pigs I raised, but I didn't expect to get more than 490,000 yuan in compensation! " In January this year, Zhang Fuqiang, a pig farmer in Xiniugezhuang Village, Yahongqiao Town, Yutian County, Tangshan City, Hebei Province, was overjoyed after receiving the claim for the hog futures price insurance.
In October last year, Zhang Fuqiang purchased a hog futures price insurance with a two-month insurance period for the 2,000 fattening pigs to be slaughtered in December through the Tangshan Central Branch of Sunshine Property Insurance. Later, due to the decline in the price of live pigs, which was lower than the price agreed in the insurance contract, Sunshine Property Insurance paid Zhang Fuqiang a compensation of 493,500 yuan in accordance with the insurance liability.
As an important innovative model of financial support for the "three rural" services, "insurance + futures" can effectively hedge the risks brought by market price fluctuations of agricultural products to agricultural business entities, and is an important starting point for promoting rural revitalization, which has been written into the No. 1 document of the central government for many years. Under the guidance of the Tangshan Supervision Branch of the State Administration of Financial Supervision and Administration, and with the support of the Yutian County Government of Tangshan City and the Yutian County Agriculture and Rural Bureau, after nearly a year of hard work, Sunshine Property Insurance Tangshan Zhongzhi United Property and Futures Co., Ltd. successfully applied for the pilot project of the "Farmers' Income Guarantee Program" of the Dalian Commodity Exchange. The project has insured 9 pig farmers, including Zhang Fuqiang, and more than 12,000 live pigs with hog futures price insurance. In January this year, 9 pig farmers received a total of 3.12 million yuan in compensation due to the price of live pigs being lower than the agreed price, effectively making up for the losses caused by the decline in pig prices.
The hog futures price insurance carried out by Sunshine Property Insurance and Zhongda Futures is also the first practice in the field of "insurance + futures" in Tangshan. In recent years, Sunshine Property & Casualty has focused on serving the overall situation of economic and social development, giving full play to the advantages of its main insurance business, and participating in the "Insurance + Futures" pilot project led by local governments. In 2023, a total of 112 "insurance + futures" price insurance businesses will be carried out in Hebei, Heilongjiang, Hubei, Jilin, Liaoning, Inner Mongolia, Shaanxi, Xinjiang, Guizhou, Dalian and other provinces and cities, covering fattening pigs, eggs, cotton, soybeans, corn, feed and other varieties, providing a total of nearly 1.67 billion yuan of risk protection, escorting the high-quality development of the "three rural" and rural revitalization.
In the future, Sunshine Property & Casualty Insurance will continue to deepen its main insurance business, continuously innovate and enrich its product system based on national policies and social needs, continue to improve its insurance protection and service level, and make greater contributions to the high-quality development of the "Three Rurals" and rural revitalization.
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