AI-Optimized "Insurance + Futures" Tropical Agricultural Industry Safeguard Mechanism in Hainan
Abstract
The tropical agriculture in Hainan, benefiting from its unique natural conditions, has become a major economic pillar and income
source for local smallholders. However, tropical agricultural products are vulnerable to natural disasters and market fluctuations, and thus lack
resilience. "Insurance + Futures", as an innovative financial instrument for tropical agricultural risk management, faces practical challenges including low product-target compatibility, lagging risk assessment indicators, and inefficient claim settlement processes. AI, with its features of
data integration, intelligent analysis and rapid response, can effectively address the pain points in the traditional "Insurance + Futures" mechanism, transforming the protection method from "post-event remediation" to "pre-event prevention". This paper, based on the current status of
tropical agriculture in Hainan, studies how to leverage AI to improve "Insurance + Futures" mechanism, streamline protection procedures and
enhance coverage accuracy, make financial services align more with the needs of smallholders and agricultural producers, and promote the
high-quality development of tropical agriculture in Hainan.
source for local smallholders. However, tropical agricultural products are vulnerable to natural disasters and market fluctuations, and thus lack
resilience. "Insurance + Futures", as an innovative financial instrument for tropical agricultural risk management, faces practical challenges including low product-target compatibility, lagging risk assessment indicators, and inefficient claim settlement processes. AI, with its features of
data integration, intelligent analysis and rapid response, can effectively address the pain points in the traditional "Insurance + Futures" mechanism, transforming the protection method from "post-event remediation" to "pre-event prevention". This paper, based on the current status of
tropical agriculture in Hainan, studies how to leverage AI to improve "Insurance + Futures" mechanism, streamline protection procedures and
enhance coverage accuracy, make financial services align more with the needs of smallholders and agricultural producers, and promote the
high-quality development of tropical agriculture in Hainan.
Keywords
AI; Hainan; Insurance + Futures; Tropical Agriculture; Safeguard Mechanism
Full Text:
PDFReferences
[1] Yanzhi Zheng, Xiaoling Hu. (2023) Application of the "Insurance + Futures" Mechanism in Agricultural Risk Management [J]. Financial Perspectives Journal, 3, 76-80.
[2] Qiaowei Chen, Xiangni Zou, Jiangxin Tan, Qingqi Xiang. (2021) Innovation and Market Penetration of the "Insurance + Futures"
Mechanism: Countermeasures Based on the Natural Rubber Pilot Case Analysis [J]. Rural Areas, Agriculture & Smallholders (B), 6,
39-41.
[3] Wenting Zheng, Xinhua Han. (2021) Practice on the "Insurance + Futures" Financial Poverty Alleviation in Hainan Province [J]. Business Culture, 7, 90-91.
DOI: http://dx.doi.org/10.70711/aitr.v3i11.9356
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