Core Viewpoint - The 2024 Shandong Insurance Industry Development and Social Responsibility Report highlights the active role of insurance institutions in supporting the modernization of Shandong's industrial system and ensuring social stability and people's well-being through robust insurance mechanisms [1] Group 1: Financial Support for the Real Economy - Insurance funds are being utilized to provide diverse financing services to the real economy, with significant investments made by various insurance companies in Shandong, including 498 billion yuan by Shandong People's Insurance, 765.51 billion yuan by Taikang Insurance, and 1,415.48 billion yuan by Ping An Life [2] - These investments are crucial for the development of major infrastructure projects and the growth of high-tech enterprises in Shandong, contributing to the province's economic transformation [2] Group 2: Risk Protection for Economic Development - Insurance institutions are focusing on key areas such as national strategies and small and micro enterprises, providing tailored insurance solutions to strengthen risk management [3] - Notable risk coverage includes 1 billion USD for the "Guohe No.1" nuclear power project and 374.9 billion yuan for Shandong Steel Group, showcasing the commitment to safeguarding significant projects [3] Group 3: Support for Small and Micro Enterprises - Ping An Property & Casualty provided over 32 trillion yuan in risk protection for more than 114,000 small and micro enterprises, highlighting the importance of these businesses in the economy [4] - Other companies, such as Dadi Insurance and Taiping Life, also contributed significantly to employee health and financial support for small businesses, ensuring a stable working environment [4] Group 4: Technological Empowerment in Insurance - Shandong insurance institutions are developing comprehensive insurance solutions for technology companies, addressing challenges such as high risk and financing difficulties [5] - The use of advanced technologies like big data and IoT is transforming insurance services from reactive claims to proactive risk management, significantly reducing overall societal risks [6] Group 5: Agricultural Risk Management - The application of drones and satellite technology in agriculture is enhancing monitoring and disaster prevention, shifting from passive compensation to proactive defense [7] - The insurance sector in Shandong is committed to integrating insurance protection, financial investment, and technological empowerment to effectively serve the real economy [7]