Works of art will encounter many risks in the process of storage, exhibition, transportation, loading and unloading. Including natural risks, such as earthquake, rainstorm, flood, storm, hail, etc. There are accidents, such as fire, explosion, robbery, flood, transportation accident, damaged packaging, careless damage during loading and unloading, collision, etc. According to the survey, the loss ratio of artworks is about 40% of transportation and loading and unloading losses, 38% of theft losses, 18% of losses caused by fire, water damage and smoke, and 4% of losses caused by illumination, temperature and humidity, fraud, earthquake, storm and lightning. Risk management can be carried out by means of evasion, prevention, dispersion and transfer, and insurance is the most direct and effective method to control risks.

Second, avoid risks and get the most powerful guarantee.

Through insurance, you can not only get economic compensation when losses occur, but more importantly, you can get risk management services from insurance companies through insurance.

Third, meet risks and get economic compensation.

After a work of art suffers losses, it can get economic compensation according to the contract. Works of art are usually of high value. If there is an accident, it is difficult to repay them. If you buy art insurance, you can avoid disaster. Broken cultural relics and stolen exhibits in the Forbidden City The government vigorously promotes art insurance, so that unknown art insurance can enter the public's field of vision. It is understood that in 20 10, the total turnover of China art market exceeded 50 billion yuan, but more than 90% of art exhibitions were uninsured, and most of the collections of museums and art galleries were in an uninsured state. This fully exposed the serious absence of domestic art insurance.

Take the 5th Shanghai International Jewelry Fair as an example. At that time, the total value of all exhibits was estimated to reach 654.38 billion yuan. However, this largest and most international professional jewelry event in East China has encountered the embarrassment of lack of insurance. It is understood that the 4th International Jewelry Fair was stolen by international thieves, so many insurance companies are afraid to underwrite it. First of all, art insurance mostly adopts "fixed value insurance". The market prices of works of art such as paintings and calligraphy fluctuate greatly, and the valuations given by different evaluation agencies are also far apart. It is difficult for insurance companies and insured parties to reach an agreement on the amount of insurance. Falling prices in the art market may also make insurance companies face losses;

Secondly, there are technical problems. Due to the lack of basic data, it is difficult for insurance companies to calculate the loss rate and set the rate, which is related to the stability of insurance companies' operations.

At the same time, China's art investment scale has expanded rapidly, and more than 6,543.8 billion yuan of lots have emerged. However, due to the lack of insurance awareness in domestic museums and auction houses, the insurance industry operating according to the law of large numbers is afraid to take orders. When works of art are on display, exhibits worth billions of dollars often gather together. Such a huge amount of insurance often makes insurance companies reluctant to seek insurance or reinsurance to pass on risks.

Due to imperfect security measures, art or exhibitions are stolen from time to time, which makes insurance companies more cautious.