Core Viewpoint - The article emphasizes the importance of disaster prevention and reduction in the context of increasing climate change and extreme weather events, highlighting the proactive role of China Pacific Insurance (China Taibao) in integrating into the national emergency management system [1] Group 1: Integrated Disaster Prevention and Reduction Management - China Taibao has developed a smart disaster warning system that integrates insurance with multi-source disaster data to manage catastrophic risks [2] - The company has created a catastrophe risk reduction digital platform called "Risk Radar," which builds disaster loss warning models for digital, visual, and intelligent disaster management [2] - Collaborations with meteorological departments utilize AI models to provide precise, customized weather warnings, aiding enterprises in implementing preventive measures [2] Group 2: Proactive Risk Management Mechanism - China Taibao has integrated IoT technology into disaster prevention scenarios, exemplified by the "Water Spirit" and "Fire Protection" monitoring models, establishing a comprehensive risk control system [3] - The company has set up over 7,000 monitoring points nationwide, achieving 24/7 continuous monitoring of flood and fire risks, significantly reducing potential losses for various industries [3] - The company adheres to the principle of "preventing disasters in daily operations," actively participating in the full process of disaster risk reduction services across multiple sectors [3]

Core Viewpoint - The insurance industry is increasingly focusing on disaster prevention and risk reduction services, emphasizing the importance of technology and innovative insurance products to enhance disaster resilience and response capabilities [3][4][5]. Group 1: Industry Initiatives - The insurance sector is exploring various measures to support disaster risk reduction, including the implementation of catastrophe insurance and catastrophe bonds to distribute risks [3][4][7]. - The "new national ten measures" released last year highlight the need to enrich catastrophe insurance forms and improve emergency service mechanisms [3][5]. - The industry is encouraged to utilize technologies such as big data, artificial intelligence, and satellite remote sensing to enhance risk reduction services [3][5]. Group 2: Technological Advancements - China Pacific Insurance's "Eagle Eye System" disaster management platform sent over 10.5 billion disaster warning messages, covering more than 67 million individuals and businesses [4]. - China Insurance's "Catastrophe Anlan" platform integrates 9 categories of 99 million risk data points to support risk reduction services [4]. - The industry recognizes the need to strengthen data analysis capabilities and develop innovative insurance products to better address future challenges [5]. Group 3: Catastrophe Insurance and Bonds - The catastrophe insurance system is being continuously improved, with recent expansions in coverage to include various natural disasters [7]. - The issuance of catastrophe bonds is helping the insurance industry enhance risk diversification capabilities, allowing for the transfer of non-financial risks to capital markets [8]. - The first comprehensive catastrophe insurance for urban and rural residents was launched in Hebei Province, marking a significant step in expanding catastrophe insurance coverage [7].

Core Viewpoint - The article emphasizes the importance of disaster prevention and reduction in the context of increasing climate change and extreme weather events, highlighting the role of China People's Insurance Group (China P&C) in establishing a comprehensive risk management system that integrates insurance, risk reduction services, and technology [1][2]. Group 1: Risk Management System - China P&C has developed a full-chain risk management system covering pre-disaster prevention, in-disaster response, and post-disaster compensation [1]. - In 2024, China P&C's risk reduction initiatives have cumulatively reduced social losses by over 1 billion yuan [1]. - The company has integrated 9 categories of 99 million risk data points into its self-developed "Catastrophe Safety" platform to support risk reduction services [1]. Group 2: Insurance and Support - China P&C has provided insurance coverage for nearly 40 major natural disasters, including Typhoon "Mojie," through a multi-disaster, multi-year, and multi-level protection system [1]. - As the chief co-insurer, China P&C has collaborated with over 40 insurance institutions to form a catastrophe insurance community, offering 22.36 trillion yuan in catastrophe risk protection to 64.39 million households [1]. Group 3: Technological Integration - The company is transitioning risk management from "post-event compensation" to "pre-event prevention" by leveraging technology [1]. - China P&C employs IoT devices to enhance safety networks and utilizes smart tools to improve the effectiveness of safeguarding livelihoods [1]. - The company has enhanced its data-driven capabilities through smart claims systems, "Yunzhibao" smart screens, and satellite remote sensing technology to ensure rapid response during disasters and efficient data review post-disaster [2]. Group 4: Continuous Improvement - China P&C analyzes post-disaster claims cases using big data to continuously optimize risk models and emergency plans, forming a closed loop of "early warning - response - review" for long-term disaster prevention [2]. - The China Disaster Prevention Association has established a subcommittee for disaster insurance and risk reduction, with China P&C's subsidiary, China People's Property Insurance Co., Ltd., elected as the chair unit [2].