Digital Technology Empowers Agricultural Insurance to Achieve Dual Precision

Abstract

As an important policy-based financial tool in China, the precise underwriting and precise claims settlement of agricultural insurance are key to its stable and sustainable development. Digital technology is a crucial enabler for achieving "dual precision" in agricultural insurance. This paper reviews the current state of "dual precision" in agricultural insurance and highlights the most widely used technologies in this regard, such as remote sensing, big data, and artificial intelligence. However, the application of these technologies faces challenges including high technical barriers, severe data silos, lack of uniform standards, and talent shortages. Therefore, this paper proposes countermeasures such as developing digital technology-related industries, building a unified agricultural insurance data platform, standardizing practices, and cultivating interdisciplinary talent.