Ping An Property & Casualty Insurance: Finishing the film insurance to prevent "unfinished" film and television works

In the ten years from 2008 to 2018, the total box office of Chinese films exploded from 4.34 billion to 60.976 billion. However, most of the more than 900 films produced in my country each year have not been released, and the inability to complete the film has become the biggest problem. Many films have suffered from the "unfinished" dilemma of funding breakage and indefinite postponement of filming during filming, which has caused a lot of disputes and disputes. lawsuit. In order to effectively avoid a similar situation, the "finished film" insurance was launched in my country for the first time.

It is understood that my country produces nearly 20,000 TV series and 900 movies every year, but due to various chaos such as false data and tax evasion, many works cannot be broadcast. The

​​meeting room is discussing a TV series that is being filmed. Due to the huge investment, there is a risk of shortage of funds in the later stage, so the filming and production may not be completed.

Pan Hongye is the head of the expert group of the TV Production Committee of the China Broadcasting Federation.

Pan Hongye told reporters that the content of the script, the filming process, and the legal agreement of the film and television drama may contain risks, and the direct property loss caused by natural disasters, accidents, and the death and disability of the main creators may also cause the project to be cancelled. Under such circumstances, the film and television industry and the insurance industry began to seek cross-industry integration and launched China's "Filming Insurance".

In September 2019, China Ping An Property Insurance Co., Ltd. issued China Ping An’s film and television production property loss insurance, which also means that China’s localized "complete film insurance" has landed for the first time.

It is understood that through in-depth cooperation with technology companies, Ping An Property & Casualty uses big data to evaluate the content of the script, the production process, and the shooting plan, so as to achieve the purpose of process management and risk control. Using technology and big data tools is not only a simple script evaluation, but also a very complicated legal evaluation. After the assessment, it is decided whether to underwrite and the price of underwriting.

This time, Ping An Property & Casualty used the "insurance + technology" model to control the theme risk, production risk and capital use risk of the script, so as to meet the needs of the film and television industry to "improve quality and efficiency".