Three Departments: Encourage Insurance Companies to Develop Insurance Products for All Links in the Pig Industry Chain

2026-03-13 13:20:19

People’s Financial News, March 13 — The State Administration for Market Regulation, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs issued a notice on strengthening collaboration to promote high-quality development of pig insurance. It calls for improving product supply by encouraging insurance companies to develop insurance products for various links in the pig industry chain, supporting local development of piglet insurance based on actual conditions, and providing more comprehensive insurance coverage for farms (households). The notice also aims to improve demonstration clauses for pig insurance and enhance product standardization. Local authorities should dynamically adjust insurance amounts based on changes in pig production costs and market prices, and strictly prevent moral hazard.

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