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China: Beijing agricultural insurance sector premiums plummet nearly 20%

May 29, 2014 - 6:00am


The Beijing agricultural insurance industry saw its premium writings fall 19.4% in the first quarter of 2014, Hexun.com reports.

This is the first decline in around four years. Underwriting standards for farming activities have improved in Beijing, and insurance premium has declined. Some insurers expect further declines in premiums.

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