There are many kinds of weather insurance abroad. Why is there no special weather insurance in China?

Weather insurance (called meteorological index insurance in China) refers to the insurance that the insurance company provides compensation to the insured after the enterprise or individual suffers economic losses due to abnormal weather. For example, in the past, if you encountered bad weather while traveling, which affected your trip and even kept you indoors, you could only admit that you were unlucky and be angry with yourself. However, it's different now. Many countries have introduced such "weather insurance". If you encounter the above situation again now, you will get some compensation from the insurance company and even refund the whole cost. Once this humanized insurance product was introduced, it attracted people's extensive attention. Now weather insurance has flourished in developed countries. Let's take a look at the unique weather insurance in several developed countries. 1. The "Weather Act" of American sightseeing weather insurance appeared in the United States. The company is in the United States, and weather insurance is also booming. American David Friedberg founded the world's first weather insurance company, WeatherBill. The company is a derivative service provider based on weather information. Their approach is to integrate an e-commerce website with a complex weather forecast analysis system, and then sell weather insurance policies to companies and individuals. Customers can choose a weather condition through Google Maps, and then choose the weather you want to pay for, such as sunny, cloudy, rainy or dry. In addition, customers can also set specific indicators such as expected temperature, rain and snow. Specifically, customers log on to the website of the weather bill company and then give the temperature or rainfall range that they don't want to encounter in a certain period of time. The "Weather Bill" website will query the weather forecast of the customer's designated area and the weather data recorded by the National Meteorological Administration in the past 30 years within 100 seconds. After the website is fine-tuned according to climate change, it gives the policy price as an insurer. Simply put, anyone can buy weather insurance for a specific geographical area through this website. In addition to professional weather insurance companies providing weather insurance services for residents and enterprises in the United States, many large property insurance companies have also carried out weather insurance. In the United States, more than 6.5438 million Japanese travel to Hawaii every year, but from time to time they encounter disappointing rainy weather and are trapped in hotels. This not only affects people's interest in traveling, but also increases the cost of traveling. Therefore, an American insurance company cooperated with a Japanese travel agency to develop a "sightseeing weather insurance" for Japanese tourists visiting Hawaii.