Li Lie, assistant general manager of the agricultural insurance market department of Pacific Property & Casualty Insurance: The "insurance + futures" model will be developed into the main model for protecting market risks in the future

The "16th China (Shenzhen) International Futures Conference 2020" sponsored by the China Futures Association and the Shenzhen Futures Association was held on December 19 in a combination of online and offline.

This is the most important meeting of the annual futures industry, vice chairman of the Securities Regulatory Commission, president of the Futures Industry Association, general manager of the four major futures exchanges and Shanghai and Shenzhen exchanges, and the chairman of the head futures company gathered at the 16th China (Shenzhen) Futures Conference, the financial industry as a cooperative media reporting the whole process, for investors concerned about the development of China's futures industry to bring the most cutting-edge regulatory thinking and industry dynamic changes.

The third sub-forum of this conference focuses on the theme of "Risk Management and The Transformation and Development of Futures Companies", and discusses futures instruments, business models, futures-to-cash linkages, rural services and OTC business.

At the meeting, Mr. Li Lie, assistant general manager of the agricultural insurance market development department of Pacific Property & Casualty Insurance Co., Ltd., shared the theme of "'insurance + futures' innovation, serving the development of rural areas, and helping precision poverty alleviation".

He proposed that the innovative model of "insurance + futures" makes it possible for insurance companies to underwrite the price risk of bulk agricultural industries, and price risk is a necessary stage for the transition from cost insurance to income insurance. From the perspective of insurance companies, he explained to everyone the practical work of Pacific Insurance in the field of "insurance + futures" innovation, comprehensively using insurance and futures two financial instruments to resolve price fluctuations in bulk agricultural industries and safeguard the interests of farmers, and has achieved initial results.

He said that in the future, on the basis of the pilot and exploration model of the exchange project, all parties can perform their respective duties, steadily expand the relevant pilots from point to point, and develop the "insurance + futures" model into the main model for ensuring market risks in the future.