In September 2004, in order to better mitigate agricultural risks and strengthen agricultural financial services, under the promotion of the Shanghai Municipal Party Committee and Municipal Government, China's specialized agricultural insurance company - Aixin Agricultural Insurance Co., Ltd. was officially established, creating an agricultural insurance development model of "government guidance, market-oriented operation, professional management, and insurance supporting insurance" in China's agricultural insurance field. In November 2014, Aixin joined forces with CPIC, becoming a brilliant business card of the CPIC Group focused on the agricultural insurance sector. In December 2020, Aixin Agricultural Insurance Co., Ltd. was officially renamed to Pacific Aixin Agricultural Insurance Co., Ltd.
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