7月的藏东大地，油绿的青稞田在阳光下泛起波浪。西藏昌都市洛隆县俄西乡的农户扎西平措站在 田埂上，望着谷穗饱满的庄稼，脸上露出了踏实的神情。"今年雨水多，以前总担心收成不够本，现在 有了保险保障，心里有底了！" 扎西平措口中的"保险保障"，正是中国人寿财险西藏分公司在昌都洛隆县、边坝县等地推广的完全 成本保险。 作为西藏农业的支柱产业，青稞、玉米、小麦等主粮作物长期面临自然灾害和市场波动的双重风 险。过去，传统农业保险仅覆盖种子、化肥等直接物化成本，保障额度偏低。以青稞为例，每亩保额仅 380元，农户遭遇灾害后获得的赔款难以弥补实际损失。 完全成本保险的落地，正深刻改变着西藏农业生产方式。随着保险保障水平的大幅提升，越来越多 的农牧民开始扩大种植面积、选用优质品种、增加农业投入。在昌都、山南等地的田间地头，机械化播 种、科学施肥等现代农业技术正加速普及；合作社、家庭农场等新型经营模式如雨后春笋般涌现。这种 从"被动防灾"到"主动经营"的转变，不仅提高了土地产出效益，更推动西藏农业向规模化、现代化方向 稳步迈进。保险经济减震器和社会稳定器功能，正在雪域高原激发出前所未有的农业生产活力。 2025年，中国人寿财险西 ...

Core Viewpoint - The "insurance + futures" model serves as an innovative approach in China's insurance market, leveraging the price discovery and hedging functions of the futures market to provide pricing references and risk transfer channels for agricultural products, thereby supporting rural revitalization and the development of a strong agricultural nation [1][2]. Summary by Sections 1. Overview of the "Insurance + Futures" Model - The model has positively impacted farmers' income protection, stable supply and pricing of primary agricultural products, and high-quality development of rural industries, covering 18 agricultural products and reaching 5.39 million households across 1,224 counties in 31 provinces [1][2]. 2. Innovations of the Model - It provides an effective way to disperse agricultural price risks, offering two main product types: "price insurance + futures" and "income insurance + futures," which address price risk that traditional agricultural insurance does not cover [2]. - The model facilitates small farmers' access to the futures market, enhancing market activity and promoting the development of China's futures market [2]. 3. Challenges Facing the Model - There are significant issues in the operational mechanisms and management systems of the "insurance + futures" model, despite its expansion and diversification in agricultural products [3]. 4. Discrepancies in Nature and Positioning - There are differing views on whether the model is primarily an insurance product or a futures product, with implications for risk-bearing and revenue generation [4]. 5. Lack of Stable Premium Sharing Mechanism - The model lacks a stable premium-sharing mechanism, as it is not included in the central government's agricultural insurance premium subsidy policies, leading to variability in project sustainability [5]. 6. Differences in Participation Enthusiasm - Insurance companies are less enthusiastic about participating in the model due to limited revenue from "price insurance + futures" projects and higher risks associated with "income insurance + futures" projects [6]. 7. Multi-Agency Regulatory Challenges - The model faces regulatory challenges due to overlapping supervisory roles from different financial regulatory bodies, complicating its classification and treatment under existing regulations [7]. 8. Pricing and Operational Irregularities - There are issues with pricing transparency and operational norms, leading to potential exploitation and inefficiencies in the model [8]. 9. Recommendations for Optimizing the Model - The core goal is to enhance collaboration between insurance and futures markets to improve agricultural price risk management [9]. 10. Allowing Insurance Companies to Participate in Futures Trading - A proposed reform is to allow insurance companies to engage in agricultural futures trading, which could streamline operations and enhance risk management capabilities [10]. 11. Characteristics of the Proposed "Insurance-Futures" Model - The new model would allow insurance companies to directly participate in futures trading, expanding their operational scope while maintaining a focus on risk hedging [11]. 12. Feasibility of Participation - Insurance companies have accumulated experience in managing financial derivatives, providing a solid foundation for their participation in agricultural futures trading [13]. 13. Benefits of Allowing Participation - This change could better meet farmers' risk protection needs, establish a premium subsidy system, enhance pricing mechanisms, and regulate market behaviors [14][15][16]. 14. Necessary Supporting Reforms - Key reforms include establishing detailed regulations for insurance funds in futures trading, revising accounting rules for agricultural insurance, and enhancing external regulatory frameworks [17][18].