Qi Lu Wan Bao·2025-09-09 12:29Core Viewpoint - The article highlights the innovative "insurance + guarantee + credit" model developed by China Life Property & Casualty Insurance in Shandong Province to support pig farming amidst declining pig prices and rising piglet costs, addressing liquidity issues for farmers [1][2][3]. Group 1: Financial Support Mechanism - The "insurance + guarantee + credit" model was created to help pig farmers secure loans by using their insurance policies as collateral, allowing them to access up to 300,000 yuan in loans [3]. - This model involves collaboration between China Life Property & Casualty Insurance, local banks, and guarantee institutions, effectively reducing financing costs for pig farmers [3][4]. - Since the implementation of this model, nearly 10 million yuan in liquidity has been provided to pig farmers, demonstrating its effectiveness in addressing financial challenges in the industry [1][2]. Group 2: Agricultural Insurance Impact - In 2024 alone, various agricultural insurance products provided risk coverage amounting to 5 billion yuan, with claims paid out reaching 133 million yuan [2]. - The company has insured 1.25 million pigs and paid out 70 million yuan in claims, significantly enhancing the risk resilience of the pig farming sector [2]. - The insurance products, including policy-based pig farming insurance and pig insurance combined with futures, aim to stabilize farmers' incomes and mitigate the impact of price fluctuations and pandemics [2][4]. Group 3: Future Expansion Plans - The company plans to extend this successful model to more counties and districts, aiming to alleviate financing difficulties in agriculture and support rural revitalization and food security [4]. - By identifying and forming a "white list" of qualified agricultural operators, the company seeks to address the challenges of "difficult and expensive financing" in the agricultural sector [4].