The State Administration for Market Regulation, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs: Strengthen cooperation to promote high-quality development of pig insurance

The National Financial Regulatory Administration, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs issued a notice on strengthening coordination to promote high-quality development of pig insurance. The notice states that product supply should be improved. Insurance companies are encouraged to develop insurance products for each link in the pig industry chain, and to support local development of piglet insurance based on actual conditions, so as to provide more comprehensive insurance coverage for breeding farms (operators). The model terms for pig insurance should be improved to enhance the level of product standardization. Localities should dynamically adjust the insured amount according to changes in pig production costs and market prices, strictly preventing moral hazard. ( National Financial Regulatory Administration )