Core Viewpoint - The introduction of temperature index insurance for sea cucumber farming in Weihai is a significant step towards mitigating risks associated with climate change and ensuring sustainable development in the industry [1][2][3]. Group 1: Insurance Development - The policy-oriented sea cucumber farming temperature index insurance was launched in late June, with over 6,600 acres insured and risk losses covered amounting to 40 million yuan [1]. - The insurance scheme allows for compensation of up to 10,000 yuan per acre, covering actual farming costs or market value losses [1][4]. - The insurance period is set from July 1 to September 30, specifically targeting high-temperature events [4]. Group 2: Risk Management and Technological Integration - The insurance model integrates "policy + insurance + technology," addressing long-standing challenges in risk management within the sea cucumber industry [1][2]. - A collaborative project group was formed, consisting of government, financial regulators, and technology experts, to develop a comprehensive insurance solution [3]. - The insurance leverages marine big data for risk assessment, disaster early warning, and rapid claims processing, effectively addressing challenges in aquaculture insurance [3][5]. Group 3: Industry Impact and Future Plans - Weihai has become a key area for sea cucumber farming in China, with over 300,000 acres and an annual output value of 7 billion yuan [1]. - The local government is committed to enhancing the sea cucumber industry chain, including breeding, processing, and quality assurance, to support high-quality marine economic development [5].

Core Viewpoint - The introduction of a temperature index insurance for sea cucumber farming in Weihai City, Shandong Province, aims to mitigate risks associated with high sea temperatures, which can adversely affect sea cucumber production [1][3]. Group 1: Insurance Product Overview - The policy-oriented sea cucumber farming temperature index insurance was launched by China Life Property & Casualty Insurance in late June, quickly gaining popularity among farming enterprises, with over 6,600 acres insured and risk losses covered amounting to 40 million yuan [3][6]. - The insurance provides compensation of up to 10,000 yuan per acre when the average sea temperature reaches a disaster threshold, effectively addressing the financial risks faced by farmers [1][3]. Group 2: Industry Context - Weihai City, known as the "Sea Cucumber Capital," has over 300,000 acres of sea cucumber farming, generating an annual output value of 7 billion yuan, benefiting from favorable natural conditions such as a long coastline and suitable water temperature [3][5]. - The sea cucumber industry is a significant driver of Weihai's high-quality marine economic development, with the "Weihai Sea Cucumber" brand recognized as a famous agricultural product in China [3][5]. Group 3: Risk Management Challenges - The sea cucumber industry has historically faced challenges due to unpredictable marine climate changes and a lack of effective risk management tools, leading to a reliance on natural conditions for production [5][6]. - High sea temperatures pose the greatest risk to sustainable sea cucumber farming, necessitating innovative insurance solutions to enhance resilience against environmental changes [5][6]. Group 4: Technological Integration - The insurance product leverages marine big data and advanced technology to assess risks, provide early warnings, and facilitate rapid claims processing, addressing the difficulties in risk quantification and disaster management in aquaculture [8][10]. - The collaboration with marine data application companies allows for real-time monitoring of environmental factors, enhancing the risk prevention capabilities for farmers [10][12]. Group 5: Future Developments - The Weihai government plans to expand the insurance program and develop additional insurance solutions for sea cucumber breeding, processing, and quality assurance, aligning with national strategies for high-quality marine economic development [12].