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Global and China Agricultural Insurance Industry Report, 2013-2014
In 2007-2013, the risk guarantee offered by China’s agricultural insurance rose from RMB112.6 billion to RMB1.4 trillion; a total of RMB76 billion was
paid to 143 million peasant households as compensation. In 2013, China recorded agricultural insurance premium income of RMB30.66 billion and paid
RMB20.86 billion to 31.77 million affected farmers; 1.1 billion mu of main crops were covered (mu, Chinese unit of area, 1 mu = 1/15 of a hectare), accounting
for 45% of the country’s main crops sowing area.
Since the implementation of the trial agricultural insurance (mainly crop farming insurance) premium subsidy policy in 2007, central and local governments have
subsidized agricultural insurance more and more. In 2013, the central and local financial subsidies were equivalent to nearly 80% of China's agricultural
insurance premium.
In H1 2013, China’s crop farming agricultural insurance premium income reached RMB15.458 billion, accounting for 79.89% of the total agricultural
insurance premium income. Among it, the premium income from rice, wheat, corn and cotton amounted to RMB12.63 billion; a total area of 600 million mu was
covered.
In 2013, 25 ones of 64 Chinese property and casualty insurance companies offered agricultural insurance services, contributing 4.73% (up 0.38 percentage point
from 2012) to the total premium income. During the first three quarters of 2013, China Life Property & Casualty Insurance, Ping An, and Sunshine Property and
Casualty Insurance witnessed the strongest growth momentum with the respective growth rate of more than 500%. The People's Insurance Company (Group) of
China (PICC) was still a main agricultural insurance operator and enjoyed 54.01% market share.
China's first specialized agricultural insurance company – Anxin Agricultural Insurance is engaged in traditional crop farming and aquaculture insurance.
In 2013, it earned agricultural insurance premium income of RMB276 million, accounting for 33.2% of the total premium income with a loss ratio of 52.9%.
As the only mutual agricultural insurance company in China, Sunlight Agriculture Mutual Insurance mainly offers crop farming insurance, aquaculture insurance
and other agriculture-related insurance. In 2013, the company’s agricultural insurance premium income hit RMB2.354 billion, occupying 91.5% of the
total premium income.
As the first foreign property insurance company that provides agricultural insurance services in China, Groupama set up a joint venture – Groupama
AVIC Insurance with Aviation Industry Corporation of China (AVIC) in 2012. During the first three quarters of 2013, the company achieved agricultural
insurance premium income of RMB613 million, up 87.8% year on year. At the end of September 2013, the establishment of Groupama AVIC Insurance
Heilongjiang Branch was approved.
table Of Content
1. Status Quo Of Global Agricultural Insurance
1.1 Overview
1.2 Major Countries
1.2.1 Usa
1.2.2 France
1.2.3 Japan
2. Development Environment For China’s Agricultural Insurance
2.1 Main Policies
2.2 Agricultural Insurance Subsidy
3. Chinese Agricultural Insurance Market Segments
3.1 Overview
3.1 Crop Farming Insurance
3.1.1 Status Quo
3.1.2 Premium Subsidy
3.1.3 Premium Rate
3.1.4 Problems
3.2 Livestock Insurance
3.2.1 Status Quo
3.2.2 Types Of Insurance
3.2.3 Premium Subsidy
3.2.4 Guarantee Level
3.3 Aquaculture Insurance
3.3.1 Development Background
3.3.2 Status Quo
3.3.3 Regional Development
3.3.4 Business Model
3.4 Agriculture-related Insurance
3.4.1 Fishing Boat Insurance
3.4.2 Farm Machinery Insurance
3.2.3 Rural Housing Insurance
4. Agricultural Insurance In Major Chinese Provinces And Cities
Global and China Agricultural Insurance Industry Report, 2013-2014
4.1 Beijing
4.1.1 Premium Income
4.1.2 Premium Income Structure
4.1.3 Premium Subsidy Policy
4.1.4 Development Planning
4.2 Jiangsu
4.2.1 Status Quo
4.2.2 Market Structure
4.3 Qinghai
4.3.1 Status Quo
4.3.2 Premium Subsidy Policy
4.3.3 Development Planning
4.4 Hebei
4.4.1 Status Quo
4.4.2 Market Pattern
4.4.3 Premium Subsidy Policy
4.5 Sichuan
4.5.1 Status Quo
4.5.2 Insurance Coverage
4.5.3 Premium Subsidy Policy
4.6 Hunan
4.6.1 Status Quo
4.6.2 Premium Subsidy Policy
4.7 Guangxi
4.7.1 Status Quo
4.7.2 Market Pattern
5. Key Agricultural Insurance Companies In China
5.1 Anhua Agricultural Insurance
5.1.1 Profile
5.1.2 Operation
5.1.3 Agricultural Insurance Services
5.2 Anxin Agricultural Insurance
5.2.1 Profile
5.2.2 Operation
5.2.3 Agricultural Insurance Services
5.3 Sunlight Agriculture Mutual Insurance
5.3.1 Profile
5.3.2 Operation
5.3.3 Agricultural Insurance Services
5.4 China Huanong Property & Casualty Insurance
5.4.1 Profile
5.4.2 Operation
5.4.3 Agricultural Insurance Services
5.5 Guoyuan Agricultural Insurance
5.5.1 Profile
5.5.2 Operation
5.5.3 Agricultural Insurance Services
5.6 China United Insurance
5.6.1 Profile
5.6.2 Operation
5.6.3 Agricultural Insurance Services
5.7 Groupama Avic
5.7.1 Profile
5.7.2 Operation
5.7.3 Agricultural Insurance Services
6. Summary And Forecast
6.1 Summary
6.1.1 Industry
6.2.2 Enterprises
6.2 Forecast
6.2.1 Prospects For Agricultural Insurance Development In Gmes
6.2.2 Prospects For Agricultural Insurance Development In China
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Global and China Agricultural Insurance Industry Report, 2013-2014

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Global and China Agricultural Insurance Industry Report, 2013-2014

  • 1. Global and China Agricultural Insurance Industry Report, 2013-2014 In 2007-2013, the risk guarantee offered by China’s agricultural insurance rose from RMB112.6 billion to RMB1.4 trillion; a total of RMB76 billion was paid to 143 million peasant households as compensation. In 2013, China recorded agricultural insurance premium income of RMB30.66 billion and paid RMB20.86 billion to 31.77 million affected farmers; 1.1 billion mu of main crops were covered (mu, Chinese unit of area, 1 mu = 1/15 of a hectare), accounting for 45% of the country’s main crops sowing area. Since the implementation of the trial agricultural insurance (mainly crop farming insurance) premium subsidy policy in 2007, central and local governments have subsidized agricultural insurance more and more. In 2013, the central and local financial subsidies were equivalent to nearly 80% of China's agricultural insurance premium. In H1 2013, China’s crop farming agricultural insurance premium income reached RMB15.458 billion, accounting for 79.89% of the total agricultural insurance premium income. Among it, the premium income from rice, wheat, corn and cotton amounted to RMB12.63 billion; a total area of 600 million mu was covered. In 2013, 25 ones of 64 Chinese property and casualty insurance companies offered agricultural insurance services, contributing 4.73% (up 0.38 percentage point from 2012) to the total premium income. During the first three quarters of 2013, China Life Property & Casualty Insurance, Ping An, and Sunshine Property and Casualty Insurance witnessed the strongest growth momentum with the respective growth rate of more than 500%. The People's Insurance Company (Group) of China (PICC) was still a main agricultural insurance operator and enjoyed 54.01% market share. China's first specialized agricultural insurance company – Anxin Agricultural Insurance is engaged in traditional crop farming and aquaculture insurance. In 2013, it earned agricultural insurance premium income of RMB276 million, accounting for 33.2% of the total premium income with a loss ratio of 52.9%. As the only mutual agricultural insurance company in China, Sunlight Agriculture Mutual Insurance mainly offers crop farming insurance, aquaculture insurance and other agriculture-related insurance. In 2013, the company’s agricultural insurance premium income hit RMB2.354 billion, occupying 91.5% of the total premium income. As the first foreign property insurance company that provides agricultural insurance services in China, Groupama set up a joint venture – Groupama AVIC Insurance with Aviation Industry Corporation of China (AVIC) in 2012. During the first three quarters of 2013, the company achieved agricultural insurance premium income of RMB613 million, up 87.8% year on year. At the end of September 2013, the establishment of Groupama AVIC Insurance Heilongjiang Branch was approved. table Of Content 1. Status Quo Of Global Agricultural Insurance 1.1 Overview 1.2 Major Countries 1.2.1 Usa 1.2.2 France 1.2.3 Japan 2. Development Environment For China’s Agricultural Insurance 2.1 Main Policies 2.2 Agricultural Insurance Subsidy 3. Chinese Agricultural Insurance Market Segments 3.1 Overview 3.1 Crop Farming Insurance 3.1.1 Status Quo 3.1.2 Premium Subsidy 3.1.3 Premium Rate 3.1.4 Problems 3.2 Livestock Insurance 3.2.1 Status Quo 3.2.2 Types Of Insurance 3.2.3 Premium Subsidy 3.2.4 Guarantee Level 3.3 Aquaculture Insurance 3.3.1 Development Background 3.3.2 Status Quo 3.3.3 Regional Development 3.3.4 Business Model 3.4 Agriculture-related Insurance 3.4.1 Fishing Boat Insurance 3.4.2 Farm Machinery Insurance 3.2.3 Rural Housing Insurance 4. Agricultural Insurance In Major Chinese Provinces And Cities Global and China Agricultural Insurance Industry Report, 2013-2014
  • 2. 4.1 Beijing 4.1.1 Premium Income 4.1.2 Premium Income Structure 4.1.3 Premium Subsidy Policy 4.1.4 Development Planning 4.2 Jiangsu 4.2.1 Status Quo 4.2.2 Market Structure 4.3 Qinghai 4.3.1 Status Quo 4.3.2 Premium Subsidy Policy 4.3.3 Development Planning 4.4 Hebei 4.4.1 Status Quo 4.4.2 Market Pattern 4.4.3 Premium Subsidy Policy 4.5 Sichuan 4.5.1 Status Quo 4.5.2 Insurance Coverage 4.5.3 Premium Subsidy Policy 4.6 Hunan 4.6.1 Status Quo 4.6.2 Premium Subsidy Policy 4.7 Guangxi 4.7.1 Status Quo 4.7.2 Market Pattern 5. Key Agricultural Insurance Companies In China 5.1 Anhua Agricultural Insurance 5.1.1 Profile 5.1.2 Operation 5.1.3 Agricultural Insurance Services 5.2 Anxin Agricultural Insurance 5.2.1 Profile 5.2.2 Operation 5.2.3 Agricultural Insurance Services 5.3 Sunlight Agriculture Mutual Insurance 5.3.1 Profile 5.3.2 Operation 5.3.3 Agricultural Insurance Services 5.4 China Huanong Property & Casualty Insurance 5.4.1 Profile 5.4.2 Operation 5.4.3 Agricultural Insurance Services 5.5 Guoyuan Agricultural Insurance 5.5.1 Profile 5.5.2 Operation 5.5.3 Agricultural Insurance Services 5.6 China United Insurance 5.6.1 Profile 5.6.2 Operation 5.6.3 Agricultural Insurance Services 5.7 Groupama Avic 5.7.1 Profile 5.7.2 Operation 5.7.3 Agricultural Insurance Services 6. Summary And Forecast 6.1 Summary 6.1.1 Industry 6.2.2 Enterprises 6.2 Forecast 6.2.1 Prospects For Agricultural Insurance Development In Gmes 6.2.2 Prospects For Agricultural Insurance Development In China ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your Global and China Agricultural Insurance Industry Report, 2013-2014
  • 3. research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Global and China Agricultural Insurance Industry Report, 2013-2014