A wide range of continuous rainy weather occurred in Henan, and this precipitation highly coincided with the wheat maturity period in southern Henan, seriously affecting the normal harvest of wheat, becoming the most serious "bad rain" weather in the past 10 years. And this kind of weather will seriously affect the wheat harvest. China's agricultural insurance has been implemented for many years, and wheat, as an important species in agricultural insurance, is also underwritten by insurance companies. It is understood that agricultural insurance operations in Henan are mainly concentrated in several companies such as PICC Property & Casualty Insurance, China United Insurance, Ping An Property & Casualty Insurance and Zhongyuan Agricultural Insurance. Henan’s wheat insurance mainly includes wheat general insurance, wheat full cost insurance and wheat seed production insurance. variety. So in the face of the impact of severe weather in Henan on wheat, let's take a look at how wheat insurance will settle claims. The insurance amount for mainstream varieties has been increased to 1,000 yuan/mu. Henan is a major grain-producing province, accounting for 1/16 of the country's arable land, producing 1/10 of the grain and more than 1/4 of the wheat. Data from the Henan Department of Finance show that as of February 22, 2023, the wheat insured area in Henan Province has reached nearly 57.04 million acres, including: 56.37 million acres of wheat full-cost insurance, 612,000 acres of wheat insurance, and 45,000 acres of wheat seed production insurance , meaning that most wheat is covered by insurance. Wheat insurance has been implemented in China for many years. The earliest implementation was wheat general insurance. Wheat full cost insurance is an upgraded version of wheat general insurance. It is also the variety with the widest coverage in Henan. It is mainly targeted at farmers and planting institutions, while wheat seed production insurance It covers seed-producing farmers and enterprises of a certain scale. The insurance liability of wheat general insurance is the losses caused to the insured crops due to natural disasters that are beyond human control listed in the insurance contract, including heavy rain, floods, waterlogging, wind disasters, hailstorms, freezes, droughts, pests, diseases, rats, etc. The insurance liability of wheat complete cost insurance: natural disasters such as heavy rain, flood, waterlogging, wind, hail, freeze, drought, earthquake; accidents such as mudslides, landslides, fires, etc.; losses to insured crops caused by pests, diseases, weeds, and rodents. Insurance liability of wheat seed production insurance: natural disasters such as heavy rain, flood (except for government-controlled flood storage), waterlogging, wind disaster, hailstorm, freeze disaster, hot and dry wind, earthquake, drought, fire, explosion, mudslide, landslide and other accidents, outbreaks Sexually transmitted diseases, cordyceps, and rodents directly cause losses in insured wheat seed production. The compensation standards for the three products are also clearly stipulated in the relevant clauses of the insurance company. For example, wheat general insurance requires that the loss rate caused by natural disasters reaches 30% or above, and that the loss rate caused by drought, pests, diseases, weeds, and rats reaches 70% or above, you can obtain insurance compensation. Wheat full-cost insurance can obtain insurance compensation if the wheat loss caused by natural disasters, accidents and pests, diseases, and rodents exceeds 20% (inclusive). Wheat seed production insurance requires that natural disasters, accidents, or outbreaks of pests, diseases, insects, weeds, and rodents, etc. directly cause the production loss of insured wheat seed production to exceed 20% (inclusive); the loss caused by continuous rain for more than three days (inclusive) after the wax ripening period Insurance compensation can be obtained for losses caused by ear germination exceeding 5% (inclusive) or losses caused by sensitive fertility and seed purity lower than 99% (inclusive) caused by continuous rain or abnormal temperature during the flowering and pollination period. Currently, all insurance companies participating in wheat insurance underwriting are conducting damage assessments, and wheat insurance is an insurance product subsidized by the state. The opinions of government departments also have a great impact on claims settlement, so the final insurance compensation standards will take time.