Evaluation on the Effect of Fishery Insurance Policy: Evidence Based on Text Mining

Xinyi Wei,Qiuguang Hu,Jintao Ma

doi:10.3390/fishes6030041

Abstract

As a quasi-public product, fishery insurance has become an important starting point for the construction of the modern fishery industry chain, supply chain and value chain risk management mechanism. We used visual data processing methods and text mining technology to screen policy samples. We then built a fishery insurance policy evaluation system based on the Policy Modeling Consistency (PMC) index model. We combined the PMC index score and PMC surface to quantitatively analyze the policy samples. This paper has four important findings: (1) After three adjustments and developments, the fishery insurance policy has grown in terms of initial attention, changes, and development and gradually matured. (2) A gap exists between the content of the fishing insurance policy text and the actual demand. The scoring results of the policy samples are concentrated in the acceptable range, the policy effects are not satisfactory, and the formulation of fishery insurance policies has weak links that need to be improved. (3) The consistency and effectiveness of fishery insurance policies have developed simultaneously with fishery insurance research, and the practical effects of high-quality fishery insurance policies are conducive to the development of theoretical research. (4) The policy text of fishery insurance has major problems, such as missing joint force of issuing institutions, low professionalism of the text, inadequate subdivision guidance of fishery insurance, weak social effectiveness, high dependence on financial subsidies, lack of incentive sustainability and corresponding laws and regulations and reduction in policy feasibility among others. Considering the above issues, this paper puts forward relevant policy optimization paths and safeguard measures on the basis of giving priority to greater absolute value.

Highlights

In 2021, the No 1 Central Document “China to fully advance rural vitalization and facilitate modernization of agriculture and rural areas” mentioned agricultural insurance many times in the contexts of accelerating agricultural modernization and implementing rural construction actions
The Policy Modeling Consistency (PMC) index of 13 fishery insurance policies shows that three policies have good policy consistency, nine have acceptable policy consistency and one has low policy consistency
The performance advantage and consistency evaluation of fishery insurance policy is in the middle acceptable level, the effect of the policy is poor, the advantage in the field of fishery insurance is not prominent and the policy performance is not brought into full play

Summary

Introduction

In 2021, the No 1 Central Document “China to fully advance rural vitalization and facilitate modernization of agriculture and rural areas” mentioned agricultural insurance many times in the contexts of accelerating agricultural modernization and implementing rural construction actions. Fishery insurance includes policy fishery insurance and commercial fishery insurance The former relies on national policy support, mainly in the form of financial subsidies, to provide certain economic compensation for casualties in fishery production and old-age medical care. The latter is for profit, and special insurance companies run fishery insurance affairs through contracts. In China’s legislation, agricultural insurance usually only refers to policy insurance [1], including prior agricultural subsidies and post-agricultural disaster relief [2]. Fishery insurance should fully infiltrate the primary industry and agricultural insurance usually only refers to policy insurance [1], including prior agricultural subsidies and post-agricultural disaster relief [2].

Methods

Results

Conclusion