Zheng Shang Exchange Will Actively Promote The Business Innovation Of "Insurance + Futures"

The reporter learned from the Zhengzhou Commodity Exchange that on the 25th, Zhengshang Institute signed a strategic cooperation agreement with China Pacific Insurance (Group) Co., Ltd. in Beijing. Both sides will rely on their own advantages and characteristics to strengthen communication and cooperation in the innovation of "insurance + futures" business, extension of insurance business in futures market, asset management, etc.

The essence of "insurance + futures" is the integration of the functions of insurance market and futures market, which provides risk management tools for agricultural industry entities. At present, "insurance + futures" pilot has been carried out in cotton, sugar, soybean, corn and other varieties, to a certain extent, played a "stabilizer" role to protect farmers' planting income.

In order to promote the development of agricultural insurance, we should use "high-quality insurance" and "insurance companies" to promote the development of "high-quality insurance" and "insurance companies". The two sides will jointly establish a connection mechanism between the "insurance + order agriculture" mode and futures, so as to promote the deep integration of the two sides in agricultural product acquisition and other links. At the same time, the two sides will jointly explore and promote the development of insurance extension business related to the futures market, and provide the whole process risk management scheme for listed agricultural products and industrial products.

It is understood that from 2016 to 2019, Zhengzhou Institute of Commerce carried out 75 "insurance + futures" pilot projects, involving four varieties of cotton, sugar, apple and jujube, covering 32 national poverty-stricken counties in 9 provinces and autonomous regions, including Xinjiang, Gansu, Shaanxi, Guangxi and Yunnan, involving nearly 100000 households. From 2017 to 2019, Taibao group participated in 34 "insurance + futures" projects supported by Zheng Shang.