The provincial government of Guizhou has established a medical risk-sharing mechanism by introducing insurance agents, said Zhou Yanli, the former deputy director of the China Insurance Regulatory Commission in a report, China Securities Journal reported.

Zhou backs efforts to realize the insurance industry’s full potential of its social management function by including it in the medical system, so as to build up a new doctor-patient relationship and promote the overall development of the healthcare industry.

In Guizhou, a total number of 7,588 medical institutes have secured medical liability insurance, with premiums reaching 124.31 million yuan (US$18.75 million) as of 2016.

In 2016, there were 884 claims, paying a total of 54.02 million yuan of compensation.