Beijing makes breakthrough move in agricultural reinsurance
Swiss Re is working with the Beijing Municipal Government to provide reinsurance coverage for catastrophe risks under China's government-funded agricultural insurance scheme.
Supported by the China Insurance Regulatory Commission (CIRC), this ground-breaking agreement paves the way for furthering the agricultural reinsurance policy framework in China. This public-private partnership facilitates the sustainable development of agricultural insurance, stimulating agricultural productivity in China, amid global concern over food security.
Qin Lu (left), General Manager of Swiss Re Beijing Branch, signed the agreement with Liu Chunguang (centre), Deputy Director of the Rural Economy Working Committee of the Beijing Municipal Government, and Chen Songlin (right), General Manager of the International Business Department of China Re.
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