Group 1 - Dezhou is a significant grain-producing area in Shandong, being the first city in China to achieve "over 1 ton per mu and over 10 billion total production" [1] - China Life Property & Casualty Insurance in Dezhou has focused on three major grain crop insurance, covering 4.4167 million mu since the new agricultural insurance cycle began in 2024, leading the province in coverage [1] - The company has taken on risk responsibilities amounting to 4.311 billion yuan for 348,000 farming households, providing crucial financial support for post-disaster recovery [1] Group 2 - In Wucheng County, China Life Property & Casualty Insurance has insured 66,800 mu of corn, with 44,840 households participating in complete cost insurance [2] - Following heavy rainfall of 262.6 mm in August, the company initiated an emergency claims process, resulting in compensation of 7.04 million yuan for 15,740 mu of affected corn [2] - The insurance compensation helped farmers like Wang Wei recover costs and continue planting winter wheat [2] Group 3 - The company has insured 593,000 mu of wheat and corn, achieving a coverage rate of 93% and providing risk protection of 578 million yuan, making it the top county in the province for complete cost insurance [3] Group 4 - China Life Property & Casualty Insurance has developed commercial income loss protection plans alongside policy-based agricultural insurance, creating a multi-layered agricultural risk protection system [4] - The company offers commercial wheat meteorological index insurance and supplementary insurance, transitioning from "cost protection" to "income protection" [4] Group 5 - The "insurance + futures" model has been implemented in Yucheng City, providing risk protection of 222 million yuan over three years, with 21.54 million mu insured [5] - This model helps farmers hedge against price risks and ensures stable income [5] Group 6 - The company has established an "insurance + agricultural technology" service team to provide preemptive risk management and support for grain production [6] - Investment in risk reduction initiatives includes satellite monitoring technology for crop risk management and the establishment of smart agriculture service stations [6] - Future plans involve developing comprehensive protection schemes for the entire agricultural industry chain to ensure food security and high-quality agricultural development [6]

Core Viewpoint - The company is actively engaged in agricultural insurance to mitigate the impact of extreme weather on crop production, ensuring food security and supporting farmers through comprehensive insurance solutions [1][2][3]. Group 1: Agricultural Insurance Initiatives - Since the start of the 2024 agricultural insurance cycle, the company has insured 441.67 million mu of policy-based staple crop cost insurance, leading the province in coverage area [2]. - The company has provided risk coverage of 4.311 billion yuan for 348,000 farming households, paying out 48.8194 million yuan in claims to support post-disaster recovery [2]. - The company has implemented a complete cost insurance model for staple crops, increasing the coverage amount per mu by 500 yuan while raising the premium by 2.4 yuan for wheat and 4.4 yuan for corn [9][10]. Group 2: Disaster Response and Claims Management - Following severe rainfall in August, the company activated its emergency claims plan, assessing damage across 15,740 mu of corn, with total claims reaching 7.04 million yuan, significantly exceeding the farmers' premiums [7]. - The company has established a rapid claims process, ensuring timely compensation to farmers, which has been crucial for their financial recovery and continued agricultural activities [10][19]. Group 3: Technological Integration and Risk Management - The company has invested in risk reduction initiatives, utilizing satellite monitoring technology for comprehensive risk management, enhancing disaster prevention and response capabilities [18]. - The establishment of smart agriculture service stations and collaboration with research institutions has enabled the development of predictive models for crop diseases, further supporting farmers [18]. Group 4: Future Plans and Strategic Goals - The company aims to strengthen agricultural insurance as a financial tool to promote agricultural development, ensure food security, and stabilize farmers' incomes, with plans to develop comprehensive insurance solutions for the entire agricultural value chain [19].