The HIECO AI Innovation Conference opens in Kunshan, East China’s Jiangsu Province, on December 17, 2025. Drawing greater than 4,000 visitors from 2,500 corporations, the occasion spotlights a variety of achievements in synthetic intelligence applied sciences, merchandise, purposes and ecosystems. Photo: VCG
Several Chinese authorities departments on Monday unveiled a suggestion outlining 20 measures throughout six areas to speed up the institution of a sci-tech insurance system aligned with technological innovation, in a bid to bolster high-level self-reliance and energy in science and expertise.
The guideline was collectively issued by the Ministry of Science and Technology (MOST), the National Financial (*20*) Administration (NFRA), the Ministry of Industry and Information Technology and the China National Intellectual Property Administration, in accordance to a press release revealed on the MOST’s official web site.
The guideline covers insurance support for main nationwide sci-tech missions, technology-based small and medium-sized enterprises (SMEs), and key sectors, in addition to enhancements in sci-tech insurance services, the funding of insurance funds, and regulatory safeguards.
The ministry mentioned that the rollout of the rule will higher place sci-tech insurance as a “shock absorber” and “stabilizer” for innovation, deal with mismatches between insurance companies and the sensible wants of innovation, and improve the capability of insurance to serve high-level self-reliance in science and expertise and the constructing of a robust sci-tech nation.
In serving main nationwide sci-tech duties, the doc requires establishing a nationwide coordination mechanism to advance insurance support for key technological breakthroughs. It additionally pledges to strengthen insurance companies for strategic sci-tech forces and key areas, together with the Beijing-Tianjin-Hebei area, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area, which host worldwide innovation facilities.
China will promote extra accessible and handy sci-tech insurance merchandise for technology-based SMEs, increase protection, and supply versatile insurance options for brand spanking new fashions akin to “use first, pay later” commercialization of technological achievements, in accordance to the rule.
Notably, the rule locations a robust concentrate on innovation in sci-tech insurance services, focusing on frontier sectors akin to synthetic intelligence, built-in circuits, quantum expertise and brain-computer interfaces, whereas optimizing product improvement, underwriting and claims companies, specialised operations and the broader improvement ecosystem.
The new guideline clarifies key institutional questions akin to what to insure, how to insure and who to insure, offering a clearer top-level framework for sci-tech insurance, Dong Shaopeng, senior analysis fellow on the Chongyang Institute for Financial Studies at Renmin University of China, informed the Global Times on Monday.
“Insurance should serve as a risk-sharing and loss-compensation mechanism in the innovation process, particularly for technology firms facing high upfront investment and significant uncertainty,” Dong mentioned.
As of September 2025, China’s insurance sector had supplied greater than 10 trillion yuan ($1.39 trillion) in danger protection for expertise analysis, improvement and commercialization, the Economic Information Daily reported on Monday, citing knowledge from the NFRA.
In the primary three quarters of 2025, sci-tech insurance premium revenue rose 30 p.c year-on-year, considerably outpacing the business common, in accordance to the report. At the identical time, insurance funds have been more and more channeled into technological innovation, fostering a supportive ecosystem for enterprise funding and injecting contemporary capital into the innovation pipeline.
Sustainable funding sources, sound actuarial fashions and long-term viability stay actual exams. Insurers have to be ready to mitigate dangers for tech corporations whereas sustaining prudent operations and preserving and rising capital, in accordance to Dong.