/kloc-Before the first half of the 9th century, there was no modern insurance form in China. As the imperialist economy invaded China, marine insurance gradually appeared in China. Both foreign insurance companies and PICC China take waterway freight insurance and ship insurance as the starting point of business development.

/kloc-At the end of 0/8, Britain planted opium poppy in India and sold smuggled opium to China. Guangzhou has become a port for importing goods from western European countries. In order to solve the problem of risk protection in opium transportation, 180 1 year, several foreign businessmen jointly organized a temporary insurance association to insure the goods carried by each ship with the underwriting limit of 12000 yuan. This is the beginning for foreign businessmen to operate marine insurance in China.

1805, the British commercial insurance institution in Kolkata, India, opened the "Party Building Securities Bank" in Guangzhou, mainly engaged in transportation insurance business related to British trade. This is the first insurance institution in the history of China.

1835, British businessmen established "Ping An Insurance Company" in Hong Kong, specializing in overseas trade insurance business of Chinese and foreign trade organizations in Guangzhou at that time. Before 65438+1940s, the business of foreign insurance companies in China was mainly through foreign agents, mainly engaged in waterway cargo insurance, ship insurance and some fire insurance businesses. After the defeat of China in the First Opium War, with the opening of Xiamen, Fuzhou, Ningbo and Shanghai, foreign forces centered on Shanghai expanded rapidly in China, which led to the growth of local trade. Coastal freight insurance has become very necessary. In this case, the insurance business, once a part of foreign banking business, was separated from the matrix of foreign banks, and the capitalist countries headed by Britain began to set up foreign insurance companies in China on a large scale.

Commonly known as "marine insurance", a kind of property insurance, the insurer is liable for the losses, responsibilities and expenses of the subject matter insured caused by maritime disasters, especially maritime accidents. The definition of marine insurance in China's Maritime Law is: "A marine insurance contract refers to a contract in which the insurer is responsible for compensation for losses or liabilities caused by maritime accidents (natural disasters or accidents) agreed by the insured to pay the insurance premium." Marine insurance is the oldest type of insurance in modern insurance industry and the origin of modern insurance.