On November 6, seven departments including the State Administration of Financial Supervision issued the "Guiding Opinions on Accelerating the High-Quality Development of Shipping Insurance." The opinion proposes to expand the supply of shipping insurance protection. Improve the risk diversification mechanism, promote insurance companies and the China Shipowners' Mutual Insurance Association to reasonably increase the amount of retained risk, guide reinsurance companies to provide long-term and stable underwriting capacity support, and strengthen protection resilience. Encourage insurance companies to use various forms such as commercial co-insurance to expand the supply of shipping insurance and improve their underwriting capabilities for large risks on the premise that risks are controllable. Accelerate the research and development and promotion of insurance products in new business formats such as cross-border e-commerce and key areas such as commodities. For special and new risks such as geopolitical conflicts, logistics and supply chain disruptions, network security, and ice navigation, we will actively respond to market demand, optimize product supply, and improve security levels.