Table 9 Policy recommendations.

From: Protecting farmers or protecting institutions? An analysis of strategies to leverage high-quality development of county-specific agricultural insurance

Expand government support and improve policy details

1) Broaden subsidy scope to cover newer and specialty agricultural products; strengthen financial guidance to local governments for policy implementation.

2) Define clear reward criteria and subsidy ratios for the “Award Instead of Subsidy” policy; establish a dynamic adjustment mechanism to adapt to market changes.

Subsidize insurance companies’ operational costs

1) Set up special funds to reduce operational cost pressure on insurance companies.

2) Provide additional support for insurance companies’ innovative businesses.

Improve the re - insurance mechanism

1) Encourage re - insurance companies to participate in the specialty agricultural insurance market.

2) Establish an agricultural re - insurance community to handle large - scale risks.

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