(Yicai) Nov. 6 -- At CNY1.25 trillion (USD171.6 billion), the insurance coverage taken out by the organizer and participants of this year’s China International Import Expo has exceeded last year’s roughly CNY1.2 trillion.

China Pacific Insurance Company, the designated insurer for the annual trade fair, has sold products to protect exhibitors, buyers, and supply chain companies against risk, Yicai learned from the Shanghai-based firm.

Besides these major parties, the insurer has expanded coverage to exhibitors of bonded goods and other types of products, cross-border e-commerce merchants, and the expo’s online trading platform, said Zeng Yi, general manager of CPIC Property.

Moreover, the insurance cover is no longer limited to the six-day period of the expo but also covers days and weeks before, during, and after the event, Zeng said. For example, the CNY1.21 trillion of life insurance for all participants, including members of the media and volunteers, will last through this quarter. 

The sixth CIIE, which began in Shanghai yesterday, runs until Nov. 10. 

Editors: Tang Shihua, Emmi Laine