Core Viewpoint - China Life Property & Casualty Insurance has been recognized for its innovative "data-driven blue insurance model for marine ranching," establishing a benchmark in the insurance industry for supporting the marine economy and the construction of "blue granaries" [1] Group 1: Innovation in Marine Insurance - The marine ranching risk management platform integrates 20 data resources, including remote sensing and ocean environment data, enabling comprehensive monitoring of aquaculture risks [1] - The platform provides tailored risk warning thresholds and timely disaster prevention services to marine ranch operators, enhancing decision-making with precise risk alerts [1][2] Group 2: Development of Index Insurance Products - China Life Property & Casualty is focusing on index insurance innovation, developing products like sea cucumber high-temperature index and oyster wave height index, which trigger payouts based on observable indices rather than actual losses [2] - This approach addresses the challenges of loss assessment and slow claims processing, making the insurance process more transparent and efficient [2] Group 3: Financial Support for Marine Ranching - The company collaborates with China Life Group's Guangfa Bank to provide integrated "insurance + credit" services, facilitating loan access for marine ranch operators through policy pledges and insurance credit enhancement [3] - In 2024, a customized insurance solution for a salmon farming project secured a loan of 50 million yuan, demonstrating the financial leverage provided by insurance [3] Group 4: Expansion and Impact - The insurance services have expanded to cover nine provinces, providing risk protection for over 470 marine ranches and fisheries, with total coverage exceeding 1 billion yuan and claims paid amounting to nearly 74.2 million yuan [3] - The company aims to deepen structural reforms in marine insurance, enhancing risk management tools and financial services to support technological innovation and industry upgrades in the marine sector [4]