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Lack of data hinders agricultural insurance rates' calculation

Posted On: Jun. 26, 2019 6:13 AM CST

Experts said that a lack of production data and government control in pricing of bulk agricultural products is hampering insurers' efforts to determine rates for the segment, Asia Insurance Review reported citing sources. China's agricultural insurance premium income totaled 57 billion Chinese yuan ($8.3 billion) in 2018, up 84% from nearly CNY 31 billion in 2013.

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