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Agricultural insurance paid out 74.4 billion yuan in 7 years; a catastrophe risk diversification mechanism urgently needs to be established
Since the first pilot in 2004, agricultural insurance has now been developing for more than 10 years. Data released by the China Insurance Regulatory Commission on August 28 show that over the 7 years from 2007 to 2013, China's agricultural insurance cumulatively provided 4.07 trillion yuan in risk protection and paid 7