Sun Yan, PhD student of China Institute for Actuarial Science (CIAS), Central University of Finance and Economics participated the 12th China Rural Finance Development Forum, Nanjing Agricultural University, from August 17thto 19th, 2018. This forum was hosted by the Agricultural Economic Management Teaching Committee of the Ministry of Education, and undertaken by the School of Finance, Nanjing Agricultural University. The forum attracted over 260 scholars and students across the country coming from 77 different universities, institutes, government agencies, and financial institutions and focusing on the theme "Investment and Financing System Innovation and Rural Revitalization", providedtheir suggestions for overcoming the "three rural issues" and promoting rural financial development.
CIAS’s PhD student Sun Yan gave a presentationentitled"Crop Revenue Insurance Design and Yield Loss Assessment Based on Copula" in the sub-forum of "Agricultural Insurance and Risk Management".Motivated by the rice production in the Hefei province, her studymainlyfocuses onthedesignand pricingof therice revenue insurance policy based on the proposed loss assessment and pricing model involving the copula function for capturing the correlation betweenthecounty-level yield andtheprice of rice. Sun Yan’s workwonthe Outstanding Paperawardin this academic forumfor itsacademic innovation anditspractical significance.
The winners of outstanding paper and the award presenter.
This forum received a total of 131 papers, and 64 papers were accepted after peer review. There were four sub-forums running in parallel. Topics covered include "Rural household finance", "Farmers’ financial behavior", "FinTech and rural finance", "Agricultural insurance and risk management", "Rural finance and anti-poverty","Rural inclusive finance", "Rural finance and rural revitalization," "Rural financial institution reform and innovation," and "rural household finance". In addition, there were 32 scholars commented on the presentations.
At the closing ceremony, 21 authors from 16 affiliations including Nanjing Agricultural University, China Agricultural University, Northwest A & F University, Chinese Academy of Agricultural Sciences, and Central University of Finance and Economics were awarded outstanding papers. Prof. He Guangwen, Prof. Ma Jiujie, Prof. Xiong Deping, and Prof. Chen Dongping presented the awards to the winners.
