Case study

Ping An P&C - Mangroves Index Insurance

NATURANCE Compendium

Area characterisation:

Terrestrial

Objective:

Protect mangrove carbon sinks via index cover

Start/end date:

Financing:

Public-Private-Partnership

Potential impacts/benefits:

  • Risk protection for mangrove carbon sinks
  • Combines remote sensing, sampling, and quadrat surveys
  • Integrates insurance with ongoing ecological maintenance

Actions:

China's first mangrove carbon-sink index insurance at Shenzhen's Futian Reserve, combining remote sensing, sampling and quadrat surveys to index carbon-sink losses and fund post-disaster ecosystem recovery.

Organisations:

Ping An P&C, Futian Natural Reserve Administration

Contacts:

Case study referred by UNEP FI. For more information, please contact: info@naturance.eu.

In 2023, Ping An Property & Casualty launched China's first mangrove carbon sink index insurance, providing risk protection and disaster prevention services for mangrove carbon sinks at Shenzhen's Futian Natural Reserve. The product uses an innovative measurement method combining remote sensing, on-site sampling and quadrat surveys to reliably determine carbon sink amounts. The protection plan integrates insurance mechanisms with ecological maintenance — indexing carbon sink losses due to mangrove damage and determining compensation based on the loss of mangrove carbon sink value, with funds directed toward post-disaster ecosystem protection/recovery.

Sustainable Development Goals:

  • 13. Climate action

  • 14. Life below water

Publications and reports: