Global And China Agricultural Insurance Industry Report, 2013-2014
(PRWEB) May 26, 2014
In 2007-2013, the risk guarantee offered by China’s agricultural insurance rose from RMB112.6 billion to RMB1.4 trillion; a total of RMB76 billion was paid to 143 million peasant households as compensation. In 2013, China recorded agricultural insurance premium income of RMB30.66 billion and paid RMB20.86 billion to 31.77 million affected farmers; 1.1 billion mu of main crops were covered (mu, Chinese unit of area, 1 mu = 1/15 of a hectare), accounting for 45% of the country’s main crops sowing area.
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Since the implementation of the trial agricultural insurance (mainly crop farming insurance) premium subsidy policy in 2007, central and local governments have subsidized agricultural insurance more and more. In 2013, the central and local financial subsidies were equivalent to nearly 80% of China's agricultural insurance premium.
In H1 2013, China’s crop farming agricultural insurance premium income reached RMB15.458 billion, accounting for 79.89% of the total agricultural insurance premium income. Among it, the premium income from rice, wheat, corn and cotton amounted to RMB12.63 billion; a total area of 600 million mu was covered.
In 2013, 25 ones of 64 Chinese property and casualty insurance companies offered agricultural insurance services, contributing 4.73% (up 0.38 percentage point from 2012) to the total premium income. During the first three quarters of 2013, China Life Property & Casualty Insurance, Ping An, and Sunshine Property and Casualty Insurance witnessed the strongest growth momentum with the respective growth rate of more than 500%. The People's Insurance Company (Group) of China (PICC) was still a main agricultural insurance operator and enjoyed 54.01% market share.
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China's first specialized agricultural insurance company – Anxin Agricultural Insurance is engaged in traditional crop farming and aquaculture insurance. In 2013, it earned agricultural insurance premium income of RMB276 million, accounting for 33.2% of the total premium income with a loss ratio of 52.9%.
As the only mutual agricultural insurance company in China, Sunlight Agriculture Mutual Insurance mainly offers crop farming insurance, aquaculture insurance and other agriculture-related insurance. In 2013, the company’s agricultural insurance premium income hit RMB2.354 billion, occupying 91.5% of the total premium income.
Table of Content
1. Status Quo of Global Agricultural Insurance
1.2 Major Countries
2. Development Environment for China’s Agricultural Insurance
2.1 Main Policies
2.2 Agricultural Insurance Subsidy
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3. Chinese Agricultural Insurance Market Segments
3.1 Crop Farming Insurance
3.1.1 Status Quo
3.1.2 Premium Subsidy
3.1.3 Premium Rate
3.2 Livestock Insurance
4. Agricultural Insurance in Major Chinese Provinces and Cities
4.1.1 Premium Income
4.1.2 Premium Income Structure
4.1.3 Premium Subsidy Policy
4.1.4 Development Planning
4.2.1 Status Quo
4.2.2 Market Structure
4.3.1 Status Quo
4.3.2 Premium Subsidy Policy
Biotech API Manufacturing Services Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
Biotech API manufacturing services market includes contract manufacturing services for the production of biotechnology-based active pharmaceutical ingredients (API). The biotech APIs include manufacture of active ingredients from animal, microbial, human, or genetically engineered origin by biological techniques. Several dynamics in the biotechnology field are influencing the manufacturing and development strategies of companies in the market. Presently, these dynamics are favoring the growth of biotech API manufacturing services market. The market is very emerging compared to mature chemically synthesized APIs manufacturing services market. However, biotech APIs manufacturing services have high growth potential in the near future owing to increasing demand for biotechnology products.
The global biotech active pharmaceutical ingredients (API) manufacturing market is segmented as monoclonal antibody manufacturing, mammalian cell culture manufacturing, recombinant proteins production, insulin analogues manufacturing, growth hormone API manufacturing, interferon manufacturing, and vaccine manufacturing. The mammalian cell culture manufacturing services segment garnered maximum revenues in the global biotech active pharmaceutical ingredient (API) services market. Increasing applications of monoclonal antibodies (mAbs) and development of next-generation antibody therapies such as antibody-drug conjugates are expected to boost the market in the near future.
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Smaller biotech companies with intellectual property rights for novel biologics will further drive the biopharmaceutical API manufacturing services market. As the contract manufacturing services companies have expertise and economies of scale in these operations, the reduced cost and higher quality product can be transferred to client biotech companies enabling them to focus more on research and development of novel biologics.
China and India are expected to grow at rate thrice that of in the Western Europe. Furthermore, improvements in the trade relationship and cooperation between Taiwan and China, Taiwanese biotech companies are contributing to the global growth of biotech active pharmaceutical ingredient (API) services market. The global companies in the biotechnology market are also selling their manufacturing plants for several purposes such as:
To remove assets from their balance sheets
Focusing on specializing and expediting the research and development activities
Used existing resources for other projects thereby saving tremendous resources cost
Reduce risks in the supply chain by distributing the manufacturing in varied locations
Increase quality assurance and regulatory management
Industrial Flue Gas Treatment Systems & Services Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2013 - 2019
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Industrial flue gas treatment system is a set of technologies which is used to remove hazardous gases such as sulphur dioxide (SO2) and nitrogen oxide (NOx) from the emission of industries and power plants. Fossil fuels such as oil and coal contain specified amount of sulphur. When these fuels are combusted in the presence of air almost 95% or more sulphur is directly converted into sulphur dioxide (SO2). When flue gas has excess quantity of oxygen it is again converted into sulphur tri oxide (SO3). In flue gas treatment system the flue gas is generally passed through an ash removal device and then through a SO2 absorber.
Air pollution is treated as the most serious problem now a day. The increase in the number of industries and power plants lead to emission of sulphur dioxide and other gases in atmosphere. This sulphur dioxide directly reacts with vapors and other compounds in atmosphere to form acid rain and fog. The increasing concern about the atmosphere is the major driver for the market of flue gas treatment system. Reduction in the operating cost by the means of heat recovery, reduction in stack plume, improvement in operability of industries, are drawing social attention towards this market. Cost associated with the installation of gas treatment system and maintenance restricts the market somewhere. Strict policies regarding pollution control, advancement in technology and various incentive benefits provided by appropriate commissions for reducing emission bring new opportunities to the market.
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Flue gas treatment systems are segmented on the basis of gases types that are required to be removed from the emission. For removal of NOX the flue gas is passed through a mixture of active catalyst. This converts nitrogen oxide (NOx) into naturally occurring nitrogen and water. Most of the FGD units are based on two levels, one for fly ash elimination and other for sulphur dioxide reduction. In wet scrubber system the flue gas usually passes all the way through a fly ash elimination device, either through an electrostatic precipitator or a wet scrubber then to a sulphur absorber. Various types of wet scrubber designs are used such as plate towers, venturi and mobile packet beds.
LED Display Driver And Lighting IC Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
An LED display driver is an IC (integrated circuit) offers the circuitry essential in order to interface common microprocessors or digital systems to LED display. Included on an LED display driver may be a multiplex scan circuitry, static display memory and high current segment and digit drivers for displays. Among these two applications, LED Display Driver and IC Market for the lighting applications are estimated to grow with a high CAGR during forecasted period. Display application holds for the largest share of overall LED driver IC market.
This market research report analyses the LED display driver and lighting IC market on the basis of its types, applications and geographies. There are different types of LED display drivers such as supply voltage, display mode, output current, number of digits, multiplexed display capability and packaging type. LED display drivers are found in a wide range of applications such as Industrial control indicators, Relay drivers, Digital clocks, Instrument panel meters, LED matrix displays, Professional audio equipment, Bar-graph displays, Medical equipment, Dot matrix displays and LED light supplies for smart phones among others.
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The market for LED display driver and lighting IC market is driven by the rising demand for energy efficient displays and lighting solutions used in applications such as Liquid Crystal Display TV backlights and hybrid cars. Several initiatives are taken by government to phase out demand for radiant bulbs in lieu of power efficient lighting and high quality picture images, provided by LED have increased the usage of LED driver IC in a wide range of applications such as lighting and displays. Various government policies include promotion policies, labeling and certification programs, lighting programs and tax schemes. Countries such as the U.S., UK, Canada, New Zealand, Australia, Taiwan, Brazil, Japan, and Venezuela have taken several steps to replace luminescent bulbs with LED bulbs in order to save power and reduce green house gas emissions.
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