Pig price index insurance is guaranteed by contract claims. An insurance with hog price index as the insurance liability, when the average hog price index is lower than the agreed price index of insurance liability during the insurance period, it is regarded as an insurance accident, and the insurance company will pay compensation according to the agreement in the insurance contract, add the design of futures insurance products according to the hog price index, and stipulate that when the settlement price of hog futures contract is lower than the target price of hog during the insurance period, the insurance company will be responsible for the difference according to the agreement in the insurance contract.