Global suspension insurance companies have limited conditions for claims. The mainland planned to formulate insurance related to performing arts activities ten years ago, but the current insurance rate is less than 10%
After the epidemic, will performing arts activities "cancel the insurance" just become necessary?
Cancellation (including delayed rescheduling) of insurance for large-scale events (such as event performances, etc.) is a relatively common type of insurance overseas. International top events, such as the Olympic Games, World Cup, World Championships and other sports events, as well as concerts, concerts, dramas, etc. can purchase event cancellation insurance. Faced with the large-scale cancellation and global suspension of performances under the new crown pneumonia epidemic, performance practitioners began to think about the purpose of "large event cancellation insurance". A reporter from the Beijing News inquired about the relevant policies and found that as early as 2011, the China Insurance Regulatory Commission issued the “Notice on Work Related to the Insurance Industry ’s Support for the Development of the Cultural Industry”. Why does this type of insurance seem to be "missing sight" in the Mainland performance market? How is it implemented? The Beijing News reporter interviewed performance practitioners and pilot insurance companies to find out.
1 "Cancellation of insurance" international practice
Common purchases but limited claims
When a large international event, event, or performance has to be suspended, the operating decision maker will weigh whether he can apply for insurance company claims, and the occurrence of "force majeure" is one of the important indicators for insurance companies to refer to. There are usually two reasons for force majeure: one is natural causes, such as floods, storms, earthquakes, droughts, blizzards, and other disasters caused by natural forces beyond human control; the other is social causes, such as wars, strikes, and government ban Orders caused. However, when a cultural institution encounters events such as theater closure or performance cancellation due to force majeure, it may not necessarily receive corresponding compensation. For example, under the new coronary pneumonia epidemic, if the insured purchased a large-scale event cancellation insurance before the new coronary pneumonia occurred, and at the same time repurchased an expanded clause on infectious diseases, it can apply for compensation.
Although "cancellation of insurance" is subject to conditions when claiming compensation, it is not uncommon to buy such insurance types internationally. Earlier reports said that the IOC first purchased insurance for cancellation and suspension of the event before the opening of the 2004 Athens Olympics. Because of fears that the Athens Olympics would be forced to be cancelled, it purchased insurance with a limit of $ 1.7 billion. In terms of performances, some more influential artists will buy concert tour cancellation insurance, but this kind of policy is expensive, usually the premium rate is 3% -4%, which means that the limit of 1 million US dollars must be paid 30,000 -USD 40,000 premium. If some artists ’concert annual policies need to be renewed (renewed) on or after January 1, 2020, it means that in their latest policies, insurance companies are likely to exclude new coronary pneumonia.
2 Mainland performance practitioners
I do n’t know where to buy the “cancellation insurance”
In contrast, the organizers of most professional events and large-scale cultural performance projects choose to bear the corresponding risks themselves. The art director of Beijing Intermediate Theatre Manding introduced to the Beijing News reporter the actual insurance situation as a theater operator: "There are several insured subjects: As a venue operator, generally in addition to the normal insurance of employees, there are Third-party liability insurance, if there is an accident in the venue, it will be protected. There is also insurance for travel performed by theater groups, such as freight, which will involve some insurance, but the insurance for the cancellation of the performance is accurate. I do n’t know where to buy it. ”Zhang Ligang, chairman of Beijing Jiuwei Cultural Media Co., Ltd., which has introduced and operated many internationally renowned French musicals and other domestic stage performances in recent years, told the Beijing News that their insurance coverage It is also similar: "Normally, only accident insurance is available. In fact, when producing large-scale performance projects, we actually asked some insurance companies, but basically there is no performance cancellation insurance." The reporter from the Beijing News also started from Jucheng Stage Producer Katsuo learned that there is no guarantee for performance cancellations, whether it is a home-made repertoire or a performance repertoire purchased from abroad But been involved in a large part of the concert will be.
The Beijing News reporter found through interviews with many Mainland performance agencies that the current attitude towards "performance insurance cancellation insurance" is mainly-small performance agencies do not want to buy, because the cost is too high, the application rate is not large; large performance agencies want to buy, but not Know which insurance company will sell it. Zhang Ligang told reporters from the Beijing News: "The information is asymmetric, so consulting insurance companies say that there is no such type of insurance, and it is impossible for insurance companies to send special salesmen for such a small business. We, a company as large as this, actually hope that Can get this type of insurance. "
3 Policy support
Ten years ago, there was an intention to make relevant insurance
Is "cancellation insurance" really nowhere? The Beijing News reporter obtained two documents from relevant legal persons. One was jointly developed by the People ’s Bank of China in April 2010 with the Central Propaganda Department, the Ministry of Finance, the General Administration of Press and Publication, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission. "Guiding Opinions on Financial Support for Cultural Industry Revitalization and Development and Prosperity", another was issued by the China Insurance Regulatory Commission in 2011 "Notice on the Insurance Industry Supporting the Development of Cultural Industry", which found that the CIRC and the Ministry of Culture jointly organized the development 2. The insurance types of the cultural industry insurance were determined in batches and related pilot work was promoted. The first batch of pilot units were People ’s Insurance Company of China, China Pacific Property Insurance Co., Ltd., and China Export and Credit Insurance Company, involving 11 insurance types, of which The third place is "the cancellation of insurance for performing arts activities", the pilot period of operation is two years.
On September 27, 2012, the then Beijing Cultural Bureau and PICC P & C Beijing Branch jointly held the signing ceremony of the cultural industry insurance strategic cooperation agreement. Among them, the “Beijing Cultural and Performing Arts Industry Insurance Cooperation Agreement” signed by PICC P & C and the Capital Theatre Union pointed out that “delayed cancellation of insurance” has entered the late stage of research and development, which means that the long-awaited performance cancellation insurance is expected to officially enter the market. But legal personnel told the Beijing News reporter that these pieces of information can only show that as early as 2010, the demand for insurance related to performing arts activities has appeared, but in the next ten years, have insurance companies really developed related products and markets It is not known what the actual operating situation is.
4 Insurance companies
Already opened, but the insurance rate is less than 10%
How is the promotion of cultural industry insurance types? The Beijing News reporter contacted Jia Pengpeng, senior insurance consultant of China Taiping Insurance Group, and she told reporters: "At present, not every company has products that involve event (event) cancellation insurance. Usually, the performance agencies purchase insurance basically around the public Liability insurance, safety liability insurance, and group personal accident insurance. As far as I understand, among the top ten insurance companies in the Mainland, only PICC P & C, Ping An P & C, and Taiping P & C have canceled insurance during events (events). Different types are involved, but the current insurance rate is very low, and public data shows less than 10%. Perhaps in the future, this type of insurance will begin to be valued due to the impact of this epidemic. "
Yuan Bo, chairman of Bohui Insurance Brokers Co., Ltd., made his own explanation for the low insurance rate of these types of insurance: "The cancellation of large-scale events has not yet been implemented in the cultural performance industry in the mainland, and thus has no real meaning. The main reason for the low insurance coverage rate for event cancellation insurance is its consumer groups. Performing arts agencies buy insurance because the project has corresponding risks, but performance cancellations are rare, even if there are corresponding insurance products in the mainland insurance market. But there has never been an incident, which makes it difficult to attract people's attention. This time some people will pay attention, because the current epidemic has caused a large-scale suspension of performance. "And the" information is not equal, " "I don't know where to buy this kind of insurance", Jia Pengpeng, senior consultant of China Taiping Insurance Group, responded: "The information is not equal. My summary is mainly related to the comprehensive quality and professionalism of the insurance salesperson. It is similar to me. Early old insurers, lack of learning ability, there are still people who have only sold one or two for more than 10 years Products. After all, everyone is through early adviser to know the company and product, and now adds the Internet platform, the future should be more clear and transparent. "
【Industry said】
Will there be more purchases of "cancellation insurance" in the future?
After the epidemic, will performance practitioners consider buying "cancellation insurance"?
● "I think after the end of the epidemic, as an industry practitioner, I may not buy such cancellation insurance in the future, because it is rare for this kind of thing to happen again. We have a long performance planning cycle, which is equivalent to our next Half-year performances are actually planned for the first half of the year, the beginning of the year, or even one year in advance. If they are cancelled for some reason, they will not be prepared for a few months in advance like some large foreign projects. We still have consultations with each other. Room. Will pay attention, but wait and see. "
——The middle theater is full
● This year, due to the epidemic, all foreign insurance companies that do activities to cancel insurance have been hit hard. Some insurance companies may choose not to do this type of insurance in the future, or increase the insurance coverage for this type of insurance to a very high level. Under such circumstances, as the show organizer will measure, once you purchase such cancellation insurance, your own application probability is not high. I think everyone will pay more attention to this type of insurance in the future, but whether to use event cancellation insurance in future performance projects is currently a question mark.
——Head of the performance agency
Writer / Reporter for Beijing News Liu Zhen