Are there any policy insurance companies, mutual insurance and cooperative insurance organizations in China?

At present, there are only five mutual insurance companies in China, namely Zhonghui Property Mutual Insurance Company, Mei Xin Life Mutual Insurance Company, Hui You Construction Mutual Insurance Company, Sunshine Agricultural Mutual Insurance Company and China Fishery Mutual Insurance Company.

The development of mutual insurance in China is relatively complicated. As far as narrow sense of "insurance" is concerned, Sunshine Agricultural Mutual Insurance Company, established in 2005, is the first mutual insurance organization in China. After that, Mutual Insurance launched a pilot project of "Rural Insurance Mutual Aid Society" in Cixi, Ningbo and Ruian, Zhejiang. The former mutual insurance basically belongs to the category of traditional insurance companies, while the latter belongs to the primary and small-scale pilot, and its exploration and promotion are of little significance.

A mutual insurance company is a company form in which the insured provides insurance for himself through mutual assistance and cooperation. Generally not listed, there are no stock shareholders, and it is a representative insurance enterprise organization in the world.