To control climate risks in insurance products, Ping An has developed insurance risk management mechanism and a scientific and consistent insurance risk management system within the Group. Together with the corresponding mechanisms and procedures, they help manage insurance risks. Each member company needs to establish insurance risk management system and procedure according to the standard. It covers different aspects of an insurance product, including product development, underwriting, claims, product management, premium reserve assessment, and reinsurance management etc. The companies also need to implement specific Environmental, Social, and Governance risk management measures.