Core Viewpoint - The introduction of a bulk insurance scheme for aging houses in Shenzhen's Luohu District aims to enhance safety management and reduce costs through a combination of insurance, technology, and safety inspections [1][3]. Group 1: Insurance Scheme Details - The pilot program covers over 990 aging houses in the Donghu and Huangbei streets, with Huangbei street alone insuring 757 houses, most of which are over 30 years old and present various safety risks [3][4]. - The annual insurance cost for these aging houses is 300,000 yuan, which includes safety inspection services, compensation for property loss due to structural collapse, personal injury, and damages from falling objects [3][4]. Group 2: Risk Management Approach - The traditional management model relies heavily on grassroots inspections, which often leads to delayed identification of hazards and increased government liability in case of accidents. The new "fee-for-insurance" model shifts the focus from post-incident compensation to proactive risk management [3][4]. - Insurance companies and third-party service providers will conduct regular inspections and checks on key properties, especially during extreme weather events, enhancing the timeliness of hazard detection [3][4]. Group 3: Insurance Company Responsibilities - Under the new mechanism, insurance companies will perform three core functions: forming a professional inspection team, establishing a compensation mechanism for property and personal losses, and creating an online management platform for risk assessment [4]. - The initiative is part of a broader effort in Luohu District to innovate insurance practices, with 28 application scenarios and over 40 projects identified, leading to the implementation of nine projects so far [4].