According to the latest statistics from the State Financial Regulatory Commission (SFC), my country's agricultural insurance premium income reached 155.55 billion yuan in 2025, providing a cumulative risk protection of 5.3 trillion yuan. In terms of premium income, my country became the world's largest agricultural insurance market for the second consecutive year in 2025. Currently, agricultural insurance covers all aspects of agricultural production, and risk protection is gradually shifting from insuring material costs to insuring full costs and income.
It is understood that agricultural insurance, as an important component of my country's modern agricultural risk management system and rural financial system, is playing an increasingly important role. In recent years, the SFC has focused on "expanding coverage, increasing product variety, and improving quality" to develop multi-tiered agricultural insurance.
Firstly, it has vigorously promoted the development of insurance for staple crops that are vital to the national economy and people's livelihoods. Full cost insurance and planting income insurance for the three major grain crops—rice, wheat, and corn—have been continuously expanded. In 2025, the full cost insurance and planting income insurance policies for soybeans will cover all provinces (autonomous regions and municipalities) except for central government units, providing risk protection of 44.6 billion yuan, a year-on-year increase of 37.02%. Meanwhile, guidance was provided to various regions to improve their agricultural insurance service capabilities, requiring them to actively promote the precision of agricultural insurance claims and enhance service convenience. Insurance companies were encouraged to utilize technologies such as satellite remote sensing and drones to improve precise and efficient loss assessment mechanisms, and to explore remote loss assessment and "zero-contact" claims processing methods to enhance the efficiency of agricultural insurance services. Furthermore, guidance was provided to insurance companies to develop insurance products tailored to local conditions, steadily promote innovative insurance products such as index insurance and regional yield insurance, and develop insurance products that meet the needs of new agricultural business entities, thus further expanding the scope of agricultural insurance services.
