The 6th Technology Seminar of PICC Reinsurance Company Limited (PICC Re) themed “Technology Leads, Co-Creates the Future” was successfully held in Beijing at the end of June 2026. As PICC Re’s highest-profile annual professional technology exchange event, the seminar brought together representatives from all business segments of PICC Group, domestic direct insurance companies, reinsurance peers at home and abroad, specialists in meteorology, industrial safety, cybersecurity, university research institutes, and other relevant sectors. Participants conducted in-depth discussions on cutting-edge topics including climate catastrophes, complex industrial risks, emerging risks at AI computing hubs, and digitalized reinsurance risk control. Three self-developed intelligent risk control tools were unveiled on-site to support the industry’s transformation from post-loss compensation to pre-event risk reduction via proprietary technological solutions.

Against a backdrop of frequent global extreme weather disasters and rapidly expanding new risks arising from chemical energy storage facilities, large-scale infrastructure, and ultra-large AI data centers, the traditional insurance model centered solely on post-event compensation can no longer meet the demand for risk governance of the real economy. As China’s state-backed national reinsurance player, PICC Re has hosted the annual technology seminar for six consecutive years. The event focuses on research, development and application of risk quantification and intelligent risk control technologies, and continuously rolls out standardized risk management tools to advance national strategies including food security, new industrialization and the digital economy, driving the industry’s shift from a mere risk indemnifier to a joint risk governance partner.

During the seminar, PICC Re launched three proprietary risk control platforms covering agriculture, industry and emerging digital risks, addressing long-standing pain points in industrial risk management:

First, the Agricultural Meteorology Calculation AI Platform for Agricultural Index Insurance and Risk Reduction. Confronting prevalent industry challenges such as high basis risk for conventional weather index insurance, lengthy product development cycles and inaccurate loss assessment, the platform integrates satellite remote sensing, meteorological big data, crop growth models and actuarial algorithms. It delivers four core capabilities: one-click development of weather index insurance products, full-cycle visualized tracking of indexed liabilities, intelligent early warning of accumulated risks from extreme disasters, and smart agricultural condition analysis across regions and crop varieties. The platform drastically cuts R&D and risk control costs for agricultural insurance products, providing a standardized technical foundation for direct insurers nationwide and reinforcing food security through digital means.

Second, the upgraded Industrial Risk Intelligent Control System (Cloud Explosion Insight). Designed for high-risk scenarios including chemical plants, energy storage stations, large factories and infrastructure projects, the system integrates factory GIS geographic data, real-time equipment monitoring and historical catastrophe loss databases. It quantifies compound risks stemming from overlapping hazards such as explosions, fires and chemical leaks, covering full-cycle functions including pre-event risk grading, emergency simulation and rapid post-disaster loss estimation. It fills the domestic gap in quantitative tools for complex industrial risks and enables refined reinsurance pricing for property and engineering insurance lines.

Third, the Quantification Tool for Emerging Cybersecurity Risks. Tailored to risk protection demands of AI computing hubs and large data centers, it establishes quantitative pricing models covering cyberattacks, data breaches, business interruption and accumulated third-party liabilities. It delivers professional risk measurement solutions for trillion-yuan computing infrastructure risks and provides technical support for cross-border reinsurance placements for tech enterprises worldwide.

In thematic exchange sessions, specialists engaged in in-depth sharing around five core agendas: implementation paths for agricultural risk reduction amid climate catastrophes, modeling technologies for compound risks of energy storage and large industrial facilities, risk control schemes for accumulated risks at ultra-large AI computing hubs, the development of AI-powered automated reinsurance underwriting systems, and opportunities for technological collaboration between domestic and overseas reinsurance markets. Experts from emergency management, meteorology and academic institutions spoke highly of the three proprietary platforms, noting that they connect insurance mechanisms with disaster prevention and mitigation systems and serve as a prime example of the insurance sector’s philosophy of “prevention over indemnity”. Overseas reinsurance participants paid close attention to the industrial and cyber risk quantification models and expressed intentions for cross-border technical cooperation.

Senior management of PICC Re stated in opening remarks that technological innovation constitutes PICC Re’s core competitiveness. The company will deepen R&D of risk reduction technologies, and build an independently controllable matrix of industrial risk control tools by leveraging its reinsurance strengths in massive datasets, actuarial expertise and AI capabilities. Moving forward, the three platforms will be rolled out for trial use in phases to subsidiaries within PICC Group and cooperative direct insurers nationwide. Dedicated technical service teams will deliver customized risk reduction solutions for major agricultural provinces, industrial parks and computing hubs. Meanwhile, the 2026–2027 technology iteration roadmap has been initiated to develop additional risk control tools targeting new energy and shipping supply chains, and continuously export China’s proprietary reinsurance technological solutions to facilitate high-level financial opening-up.

Industry insiders commented that the simultaneous release of a complete suite of digital risk control products covering agriculture, industry and emerging digital risks fully demonstrates PICC Re’s professional technological prowess as the national reinsurance leader. Supported by self-developed intelligent tools, the industry’s capacity for risk identification, early warning and loss mitigation will be significantly enhanced. Technology will fortify the risk safety barrier for the real economy and advance high-quality, digital and specialized development of China’s reinsurance sector.