Core Viewpoint - PICC launched the "PICC China Earthquake Casualty Catastrophe Model" to enhance public safety governance and support the development of catastrophe insurance in China [1][2] Group 1: Model Development and Features - The model is based on China's actual earthquake characteristics and integrates cutting-edge geological and seismic disaster research [2] - It employs various casualty algorithms to analyze key factors affecting casualty scale and follows international catastrophe model standards [1][2] - The model can be utilized in insurance pricing, loss assessment, and risk aggregation analysis, providing significant support in multiple insurance operations [2] Group 2: Application and Future Plans - The model generates earthquake disaster risk maps overlaid with population density, allowing for visual representation of potential losses [2] - The company plans to continuously integrate the latest geological and demographic data into the model for iterative upgrades [2] - There is a commitment to enhance disaster risk management capabilities and contribute to the construction of China's catastrophe insurance mechanism [2]