Ping An P&C – Forests Carbon Index Insurance

Ping An Property & Casualty Insurance has developed a forest carbon sink remote sensing index insurance product that uses satellite technology to monitor forestry carbon sink accumulation/growth. It enables rapid underwriting, provides regular forest growth feedback and offers scientific management recommendations. The index insurance model facilitates rapid loss determination and claim settlement following disasters, with compensation directed toward post-disaster carbon sink rescue and forest resource cultivation. The product has launched in Hebei, Guangxi and Hunan provinces, providing RMB 15.582 million in carbon sink risk protection for 130,000 mu (86.7 million square metres) of forest land.