Table 2 Benefits Matrix of specialized agricultural business entities and insurance companies.

From: Protecting farmers or protecting institutions? An analysis of strategies to leverage high-quality development of county-specific agricultural insurance

Peasant household

Insurance companies

B1 (underwriting) y

B2 (non-coverage) 1-y

A1 (insured) x

\({\rm{R}}-\eta {\rm{g}}+(\varphi -1){\rm{E}}(\Delta {\rm{i}})\),

\(W+g+S-\varphi E(\Delta i)+{\rm{V}}\)

\({\rm{R}}-{\rm{E}}(\Delta {\rm{i}})-{\rm{L}}-{\rm{T}}\),

\(W-{\rm{Q}}\)

A2 (not insured) 1-x

\({\rm{R}}+(\delta -1){\rm{E}}(\Delta {\rm{i}})-{\rm{L}}\),

\(W-\delta E(\Delta i)+{\rm{S}}\)

\({\rm{R}}-{\rm{E}}(\Delta {\rm{i}})-{\rm{L}}\),

\(W\)