The number of insured livestock has doubled in Russia

Published 2022년 11월 3일

Tridge summary

The number of insured livestock in Russia has doubled from 2018, with the highest coverage being for pigs (57%) and poultry (55%). Cattle insurance coverage is at 12%. There has been a significant increase in the number of pigs and cattle insured with state support this year, along with an increase in insurance for other animal species such as sheep and deer. Approximately 165 million birds have been insured this year, with many insurance contracts expected to be renewed in the fourth quarter.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the National Union of Agricultural Insurers (NUA), from 2018 to the present, the number of insured livestock of farm animals in Russia as a whole has doubled. 57% of the total number of industrial pigs, 55% of poultry and only 12% of cattle are provided with insurance coverage. NSA President Korney Bizhdov drew attention to the fact that the interest of farmers in livestock insurance continues to grow. So, according to the results of 9 months of this year, the number of pigs insured with state support increased by 19%, the number of cattle - by 17% compared to the same period in 2021. The number of insured livestock of pigs increased from 11.5 million to 13.7 million conditional heads, the number of insured livestock of cattle - from 951 thousand to 1.1 million head of animals. There is also an increase in insurance for other animal species. So, for example, according to the results of 9 months of this year, 6% more sheep were insured compared to the same period last ...

Source: Milknews