Proceedings of the 7th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention

Design of the Insurance Contract Based on the Weather Indices of Chilling Injury in Litchi and Demonstration Application

Authors
Chunyi Wang, Jinghong Zhang, Yajie Zhang, Haijing Huang, Xiufen Che
Corresponding Author
Chunyi Wang
Available Online November 2016.
DOI
https://doi.org/10.2991/rac-16.2016.92How to use a DOI?
Keywords
chilling injury of litchi, insurance contract based on the weather indices, demonstration application
Abstract
Chilling injuries severely affect and restrict the litchi production in Hainan. Accordingly, the studies on the design of insurance contracts based on the weather indices and will be of great significance for transferring disaster risks, reducing the losses of planters. Using the data of litchi yield from 1990 to 2010 as well as the meteorological data from 1961 to 2010 in Hainan, the yield risk distribution model was developed using the extreme value theory. Subsequently, the pure premium rates in all counties or cities were determined. Finally, the insurance products and contracts with different deductibles were designed. With the chilling damage of litchi encountered in Hainan Province in 2014, the paper applied the insurance contract in Haikou and Chengmai, the result of error testing indicate that simulation of the chilling injury index to litchi yield reduction rate was accurate, and the determination of the premium rate was scientific and reasonable. The insurance contracts based on the weather indices with different deductibles are designed according to the requirements of the insurers at different regions with different risks. They can provide technical supports for the establishment and improvement of agricultural insurance schemes for litchi in Hainan.
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Proceedings
7th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC-2016)
Publication Date
November 2016
ISBN
978-94-6252-242-8
DOI
https://doi.org/10.2991/rac-16.2016.92How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Chunyi Wang
AU  - Jinghong Zhang
AU  - Yajie Zhang
AU  - Haijing Huang
AU  - Xiufen Che
PY  - 2016/11
DA  - 2016/11
TI  - Design of the Insurance Contract Based on the Weather Indices of Chilling Injury in Litchi and Demonstration Application
BT  - 7th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC-2016)
PB  - Atlantis Press
UR  - https://doi.org/10.2991/rac-16.2016.92
DO  - https://doi.org/10.2991/rac-16.2016.92
ID  - Wang2016/11
ER  -