Core Insights - The introduction of insurance for koi fish farming in Gaotang County, Shandong Province, allows companies to increase investment and optimize breeding structures, thereby enhancing the value of the koi culture industry [1][2] - The insurance contract signed between China Life Property & Casualty Insurance and a local koi farming company provides a risk coverage of 360,000 yuan for a 45-acre farming area, aiming to support the development of the koi industry and boost rural tourism and economy [1][2] - Gaotang County, known as the "Koi Capital of China," has over 8,000 acres dedicated to koi farming, with an annual breeding capacity of 300 million fry and a production of approximately 10 million high-quality koi, contributing over 1 billion yuan to the local economy [1][2] Industry Development - Koi farming is characterized by high investment and high output, but it faces significant risks from natural disasters and diseases, which have been addressed through a tailored insurance scheme [2] - The insurance plan was developed through collaboration between China Life Property & Casualty Insurance and the local aquaculture association, ensuring that farmers can receive compensation for losses due to adverse events, thus facilitating quicker recovery and stability [2] - The local insurance company aims to expand the coverage of this insurance scheme and integrate it into local agricultural policies, promoting a collaborative model involving insurance, associations, and enterprises to enhance the koi brand's standardization and internationalization [2]

Core Viewpoint - The introduction of koi farming insurance in Gaotang County is expected to enhance the resilience of the koi industry, promote investment, and stimulate rural economic growth [3][5][9] Group 1: Insurance Implementation - China Life Property & Casualty Insurance has signed a koi farming insurance contract with a local company, providing 360,000 yuan in risk coverage for 45 acres of koi farming [3] - The insurance is tailored specifically for the koi industry in Gaotang County, aiming to support its development and stimulate rural tourism [3][5] Group 2: Economic Impact - Gaotang County, known as the "Koi Capital of China," has over 8,000 acres dedicated to koi farming, with an annual production value exceeding 1 billion yuan [5] - The koi farming industry is a significant driver of rural revitalization, with an annual breeding capacity of 300 million fry and a production of around 10 million high-quality koi [5] Group 3: Risk Management and Future Plans - The insurance addresses major threats to koi farming, such as natural disasters and diseases, allowing businesses to recover quickly from losses [5][7] - Future plans include creating a collaborative model involving insurance, associations, and enterprises to enhance risk management and promote the standardization and internationalization of the Gaotang koi brand [7][9] - The insurance initiative is seen as a foundational step towards establishing a comprehensive insurance ecosystem for the koi industry, with intentions to expand coverage and develop targeted insurance products [9]