China's Ministry of Finance issued an Implementation Plan to accelerate high-quality development of agricultural insurance, calling for an improved product-supply framework of policy insurance + commercial insurance and basic insurance + supplementary insurance. It encourages local authorities to design supplementary coverages on top of basic physical-cost insurance to raise protection levels, and to develop agricultural weather-index (parametric) insurance tailored to local conditions. The mini

2026-09-11

China's Ministry of Finance issued an Implementation Plan to accelerate high-quality development of agricultural insurance, calling for an improved product-supply framework of policy insurance + commercial insurance and basic insurance + supplementary insurance. It encourages local authorities to design supplementary coverages on top of basic physical-cost insurance to raise protection levels, and to develop agricultural weather-index (parametric) insurance tailored to local conditions. The ministry also supports insurers expanding commercial agricultural products and creating integrated, farmer-friendly insurance solutions.

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