Core Insights - The company has developed a diversified agricultural insurance system to support the agricultural industry in Xinjiang, enhancing risk protection and contributing to national food security [1][2] Group 1: Agricultural Insurance Products - The company offers 13 central policy insurance products, including coverage for cotton, wheat, corn, rice, and livestock, along with 80 additional local and commercial agricultural insurance products [1][2] - The introduction of innovative products such as the three major grain climate index insurance aims to internalize disaster reduction services into insurance terms, helping farmers mitigate secondary costs [2] Group 2: Service Innovations - The company has improved the insurance application process through the "Yun Zhi Bao" app, simplifying the procedure for farmers and enhancing service efficiency [2] - The company has established a risk-sharing mechanism that extends insurance coverage from traditional farming to the entire agricultural supply chain, promoting income growth for farmers [2] Group 3: Financial Impact and Coverage - Over the past decade, the company has insured 37.97 million acres of crops and 128 million livestock, providing risk protection worth 476.997 billion yuan to 24.19 million farming households [3] - The company has paid out 24.476 billion yuan in claims to 7.41 million farmers, with an average payout of 3,302.97 yuan per household, addressing farmers' concerns regarding agricultural risks [3]

Core Viewpoint - The successful implementation of a 5 million yuan cotton income insurance in the Kashgar region marks the launch of an innovative model combining "income insurance + order purchasing + off-market options," aimed at ensuring stable income for cotton farmers and enhancing financial services for rural revitalization [1][2]. Group 1: Insurance Model - The innovative model integrates income insurance with order purchasing and off-market options, moving beyond traditional insurance limitations [2]. - Income insurance focuses on the final revenue target of farmers, covering both price fluctuations and yield losses, thus addressing complex risk scenarios [2]. - The model creates a closed-loop system where price risks are hedged, sales are secured through orders, and income is guaranteed [2][3]. Group 2: Financial Support and Impact - The pilot project in 2024 covers 6,870 acres, with insurance claims amounting to 561,400 yuan, effectively addressing both price drops and yield losses [2]. - In 2025, the pilot will expand to cover 42,000 acres with a guaranteed amount exceeding 109.2 million yuan, supported by various financial contributions [3]. - The local government's financial involvement significantly enhances the coverage and effectiveness of agricultural support policies, demonstrating a successful model for rural financial services [4].