BEIJING – China on Monday made public new tips to speed up the high-quality development of sci-tech insurance, amongst broader efforts to strengthen technological self-reliance.
The doc, which was issued by the Ministry of Science and Technology, the National Financial Regulatory Administration, the Ministry of Industry and Information Technology, and the China National Intellectual Property Administration, units out 20 measures throughout six areas, aiming to construct a sci-tech insurance system that’s higher aligned with technological innovation.
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The nation’s sci-tech insurance has performed a stabilizing function in offsetting the excessive prices, lengthy development cycles and elevated dangers related to technological innovation. In 2025, it offered about 8 trillion yuan (about $1.16 trillion) in threat protection, with premiums rising 44 p.c year-on-year.
The new tips name for improved risk-sharing mechanisms for main technological breakthroughs, in addition to strengthened insurance assist for nationwide strategic technological forces.
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For tech-focused small and medium-sized enterprises, insurers are inspired to supply easier, extra inexpensive merchandise with larger ease of entry and handy claims processes.