CBIRC to optimize agricultural insurance mechanism

The person in charge of the China Banking and Insurance Regulatory Commission (CBIRC) said that in the next step, it will work with relevant departments to improve the capacity of agricultural insurance services in accordance based on government guidance, market orientation, voluntariness and coordination.

A person in charge of the China Banking and Insurance Regulatory Commission (CBIRC) said that in the next step, it will work with relevant departments to improve the capacity of agricultural insurance services in accordance based on government guidance, market orientation, voluntariness and coordination.

It will optimize the operation mechanism of agricultural insurance, strengthen the construction of its infrastructure, effectively accelerate its high-quality development, and better meet the growing demand for insurance protection in terms of agriculture, rural areas and farmers.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/28/cbirc-to-optimize-agricultural-insurance-mechanism/.

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