With deep-rooted local presence, technical expertise, professional service and strong financial position, Taiping Reinsurance Co., Ltd. (TPRe) is well prepared to work with our clients in Greater Bay Area to support the catastrophe management initiative and fill the protection gap.

In response to the need in Mainland China on more suitable agricultural insurance cover and to provide more effective and innovative solutions to the market, agricultural index (re)insurance products catered for specific counties’ exposure has been successfully developed based on in-house technical capability and in cooperation with National Meteorological Centre (NMC) for their weather data.

By interpolating the weather data to 3km-by-3km resolution and analyzing the correlation between damage to crops and insured perils, suitable level of parametric trigger is set under the protection scheme. It enhances the risk assessment capability of insurance industry on agriculture-related meteorological hazards and provide product meeting the local needs which would be beneficial to the society.