Weave a Solid "Safety Net" for Stable Hog Industry Production and Supply; Scientific Pricing Mechanism for Hog Insurance Breakthrough Imminent

People’s Financial News, March 16 — “Strengthening comprehensive regulation of hog production capacity” has been included in the 14th Five-Year Plan. The State Administration for Market Regulation, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs recently jointly issued the “Notice on Strengthening Cooperation to Promote High-Quality Development of Hog Insurance” (hereinafter referred to as the “Notice”), aiming to improve the accuracy of underwriting and claims for hog insurance, promote quality and efficiency improvements, and ensure a “safety net” for stable hog production and supply. Several professionals in the hog insurance industry told reporters that hog insurance is a necessary protection product supported by central and local government subsidies, playing an irreplaceable role in safeguarding hog production and food safety. However, hog insurance currently faces multiple challenges in operation, and it is urgent to improve pricing science and enrich product innovation under the support of the “Notice” to better meet the emerging risk protection needs of the hog industry. (Shanghai Securities News)