| Summary: | 碩士 === 逢甲大學 === 風險管理與保險學系 === 101 === The current government’s agricultural policy in Taiwan to compensate farmers’ loss affected by natural disasters is the Salvation Regulations of Agricultural Disasters. In fact, the Salvation Regulations of Agricultural Disasters has its limitations, and also due to Government’s budget constraint, there is a huge gap between Government Salvation and actual damage amount. In the other word, farmers are unable to get steady income as they expect. Therefore, Crop Insurance could be an alternative policy to stabilize farmers’ income.
The key factor of Crop Insurance is to set up a proper premium rate. As Rice has more complete data base of output, production cost and lost amount than others. Therefore, the Crop Insurance pure premium rate in this study is based on the data of Rice. The outcome can be used as a reference for calculating Crop Insurance pure premium.
In this study, we use natural disasters data as the amount of loss basis over the past thirteen years (from 1999 to 2011), and Bailey model adjusts the loss ratio to estimate the pure premium. The result of estimation indicate that the highest pure premium is in second phase of Yilan area, which is NT$9,632; the lowest is in first phase of Taoyuan area, which is NT$2,415. Comparing with pure premium of each area, the study shows that the pure premium of second phase is higher than the first phase. According to the research findings, some suggestions are indicated, such as trying a pilot scheme, preparing a contingency reserve and establishing a well-found database.
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