Core Insights - The introduction of piglet insurance in Xupu County, Hunan Province, aims to mitigate risks associated with disease and unstable pork prices, providing a safety net for local farmers [2][5] - The insurance operates on a "government subsidy + corporate benefits + farmer contribution" model, significantly lowering the participation threshold for farmers [2][4] - The use of blockchain technology and smart ear tags enhances service efficiency and accuracy in tracking piglet health and growth, improving the claims process [3][5] Summary by Sections Piglet Insurance Implementation - Xupu County launched piglet insurance in 2024 to address the risks of disease and price fluctuations in the pork market [2] - The insurance covers piglets against death due to disease, natural disasters, and accidents, serving as a supplement to existing policy-based pig insurance [2] Coverage and Participation - The insurance project has reached 31 administrative villages across 10 townships, covering 36,756 piglets and providing risk protection amounting to 11.0268 million yuan [2] - Farmers contribute up to 50% of the insurance premium, which has encouraged participation among local farmers [2][4] Technological Innovations - The introduction of "blockchain + smart ear tags" technology allows for real-time tracking of piglet health and growth, creating a digital record that enhances the claims process [3] - The accuracy of the claims process has improved significantly, achieving a precision rate of 99.8% [3] Additional Insurance Products - Other regions, such as Fuyang District in Hangzhou, have introduced pig price index insurance to protect against price volatility, with a compensation trigger set at 17 yuan per kilogram [4] - The insurance model in Fuyang has a government subsidy covering 70% of the premium, with farmers responsible for the remaining 30% [4] Industry Outlook - The increasing adoption of piglet insurance is leading to expanded farming operations and improved financial stability for farmers [5] - The insurance company plans to continue innovating and expanding coverage to enhance service quality and translate policy benefits into tangible industry growth [5]

Core Insights - The article discusses the challenges faced by pig farmers in China due to African swine fever and high feed prices, leading to unstable farming profits and diminished farmer confidence [1] - The company, PICC Linyi Branch, is innovating insurance products to provide comprehensive risk coverage for pig farmers, addressing the issues of disease and price fluctuations [1][2] Group 1: Insurance Product Innovations - PICC Linyi Branch has launched four targeted commercial insurance products: piglet insurance, backup sow death insurance, policy premium supplement insurance, and comprehensive income insurance for pigs, creating a risk protection system covering the entire lifecycle of pigs [1][2] - The comprehensive income insurance ensures that farmers can receive compensation if market prices fall below a target price of approximately 8 yuan per kilogram, thus boosting farmers' confidence [2] Group 2: Impact and Coverage - In the first half of 2025, PICC Linyi Branch provided death risk coverage for 28,300 pigs, amounting to 211 million yuan, and income risk protection for 162,900 pigs, totaling 320 million yuan [2] - The company emphasizes the importance of not only product innovation but also effective outreach and service delivery to ensure that farmers understand and can access these insurance products [3] Group 3: Future Plans and Collaboration - The company plans to continue innovating products and optimizing services while collaborating with various agricultural departments and associations to promote pig farming and disease prevention technologies [3]