Hainan Rubber secures 2026 insurance for tree assets

Hainan Natural Rubber Industry Group Co., Ltd. (Hainan Rubber) recently finalized two insurance agreements for 2026 with PICC Property and Casualty Company Limited Hainan Branch and China Pacific Property Insurance Company Hainan Branch. These agreements include the "Hainan Rubber 2026 Rubber Tree Material Cost Insurance Project Insurance Agreement" and the "Hainan Rubber 2026 Rubber Tree Full Cost Insurance Project Insurance Agreement." The insurance period for both policies runs from January 1, 2026, to December 31, 2026.

The material cost insurance covers rubber seedlings and non-tapping rubber trees with an insured amount of yuan 792,043,710 and a premium of yuan 25,186,989. Hainan Rubber will pay 30% of this premium (yuan 7,556,096), with the remaining 70% subsidized by central and provincial governments. The full cost insurance, covering tapping-period rubber trees, has an insured amount of yuan 6,431,301,760 and a premium of yuan 169,786,366. Similarly, Hainan Rubber is responsible for 30% of this premium (yuan 50,935,909), with subsidies covering the rest.

These agreements aim to reduce the impact of disaster losses on the company's rubber trees, supporting the development of its core rubber business. The insurance covers various perils, including tropical cyclones, heavy rainfall, earthquakes, floods, landslides, fires, regional cold damage, drought, pest infestations, and wildlife damage.