Chicken, pork heatwave last year our group ... Livestock Disaster Chronicles maximum loss ratio 123%

[Korea gimmingyeong financial newspaper reporter] the unprecedented heat wave in insurance payments last summer, chickens and pigs disaster kills livestock relevant insurance dalgwotdeon hot on the Korean peninsula to the highest level ever recorded.

NH 14 days, according to the Agricultural Insurance livestock disaster insurance loss ratio jumped from 98.2% and 25.2% points in 2015 to 123.4% of its 2016 sales. Ratio refers to the ratio of claims paid from insurance premiums received from customers, it means that the insurer saw a loss if the 100 is over.

Livestock accident insurance cooperatives that sell non-life insurance is a product that guarantees the damage if the animals died in 16 accidents, including various paper, cows, pigs, chickens, ducks livestock farmers, the insurance policy for the government to support 50% of the premium.

Agricultural fiddling 'is no different as the highest since its launch in 1996, virtually insurance "against such a ratio he said.

It is the ratio of livestock casualty insurance increased to the highest level ever last year, the worst seems to be due to the heat wave was in last summer.

According to the Korea Meteorological Administration last August the average maximum temperature in Seoul was a heatwave record of 34.34 degrees 110 years.

As a result, unable to overcome the chickens and pigs that were bred in the heat while we narrow our collective insurance payments of non-life insurance cooperatives are born snowballed.

According to the Agricultural Insurance number 5.559 million last year, our poultry and pork is reportedly worth 10 004 4000. As a result, cooperatives fiddling 16.8 billion won poultry, pigs were paid a total of 256 billion of insurance, including 8.8 billion won in livestock farming.

Cooperatives reported that the damage caused by the heat wave was fiddling global warming occur each year as a prime contractor to ensure non-riders a heat wave damage to poultry this year. It intends to convert part of an existing selection was possible to base warranty. Agricultural Insurance officials said said "heat wave riders subscription rate amounted to 93% of poultry 'through discussion other livestock such as pigs will decide later whether to transfer the host contract.



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