Core Insights - The rapid development of the low-altitude economy presents both significant opportunities and unprecedented risk management challenges, necessitating comprehensive insurance solutions [1][2][3] Industry Overview - The low-altitude economy encompasses four main sectors: low-altitude equipment manufacturing, flight safety assurance, operational services, and comprehensive services [2] - As of November 2024, there are nearly 19,000 drone operating companies in China, with 2.158 million registered drones, and drone flight hours reached 25.449 million, a 15.3% increase year-on-year [2] - The market size of China's low-altitude economy is projected to exceed 1.5 trillion yuan by 2025 and reach 3.5 trillion yuan by 2035 [2] Regulatory Environment - The implementation of the "Interim Regulations on the Management of Unmanned Aerial Vehicle Flights" mandates insurance for commercial drone operations, highlighting the growing importance of insurance in the low-altitude economy [3][4] - Regulatory requirements are aimed at enhancing risk management, compliance, and public safety within the industry [4] Insurance Market Response - Insurance companies are actively developing specialized insurance products to meet the risk management needs of the low-altitude economy, including property, liability, and accident insurance [5][6] - As of October 2024, several insurance products have been launched, including "low-altitude aircraft exclusive insurance" and "low-altitude insurance" tailored for specific regions [5][6] Challenges in Insurance Coverage - Current insurance products primarily focus on third-party liability and hull insurance, lacking coverage for cargo loss and operational interruption scenarios [8] - The rapid evolution of drone technology and the dynamic nature of associated risks necessitate more customized and flexible insurance solutions [8][9] Future Directions - There is a need for a unified national framework for low-altitude economy insurance, including standardized clauses and collaborative legislative efforts to enhance operational effectiveness [10] - The development of specialized insurance products, such as operational interruption and cargo transport insurance, is essential for comprehensive risk coverage in the low-altitude economy [10]

Core Insights - The article discusses the rapid development of the low-altitude economy in China, highlighting the emergence of new business models such as drone delivery and eVTOL, and the associated risks that necessitate comprehensive risk management and insurance solutions [1][2] Industry Overview - The low-altitude economy encompasses four main areas: low-altitude equipment manufacturing, flight safety assurance, operational services, and comprehensive services [1] - As of November 2024, there are nearly 19,000 drone operating companies in China, with 2.158 million registered drones, and drone flight hours reached 25.449 million, a 15.3% increase year-on-year [1] Regulatory Environment - The 2024 and 2025 government work reports emphasize the development of the low-altitude economy as a new growth engine, with a focus on safety and health in emerging industries [2] - The implementation of the "Interim Regulations on the Management of Unmanned Aerial Vehicle Flights" mandates insurance for commercial drone operations, highlighting the increasing importance of insurance in the sector [2] Insurance Market Response - Insurance companies are actively developing specialized insurance products to meet the risk management needs of the low-altitude economy, including property, liability, and accident insurance [4] - As of October 2024, several insurance companies, including PICC, have launched various low-altitude insurance products, covering risks associated with aircraft, operators, passengers, and data security [4][5] Challenges in Insurance - The current insurance products primarily focus on traditional aviation insurance, lacking comprehensive coverage for emerging technologies like eVTOL and advanced drones [7] - There is a need for more diverse insurance products that address specific scenarios such as cargo loss and operational interruptions, as well as improved data support for pricing [7][8] Future Directions - Experts suggest establishing a data-sharing mechanism to enhance risk pricing accuracy and developing standardized insurance clauses to address regulatory fragmentation [9] - There is a call for innovation in insurance products to create a comprehensive system that covers the entire low-altitude economy, including specialized products for operational interruptions and cargo transport [9]

Core Insights - The low-altitude economy is rapidly integrating into various sectors, becoming a new driver for economic growth, but it also faces challenges such as technical risks and operational disputes [1][2] - The establishment of the first low-altitude economic mutual insurance body in Chongqing aims to address the insurance supply-demand mismatch in this emerging industry [1][5] Group 1: Low-Altitude Economy Overview - The low-altitude economy involves activities below 1,000 meters, including drone logistics, agricultural protection, and urban air traffic, with the drone industry accounting for approximately 85% of this market [2] - China's low-altitude economy market is projected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, supported by favorable government policies [2][3] Group 2: Insurance Demand and Development - The safety of low-altitude operations is critical, as risks such as signal interference and network attacks are more complex than ground activities [2] - Insurance companies are actively developing products tailored to the low-altitude economy, with over 30% of property insurance firms already engaged in related business [3][5] Group 3: Chongqing's Initiatives - Chongqing has launched a comprehensive action plan to promote the high-quality development of the low-altitude economy, with 147 related enterprises established and 40 key projects planned, amounting to an investment of 28.84 billion yuan [4][5] Group 4: Insurance Product Development - The mutual insurance body has developed the "Yudikongbao" insurance products, focusing on key risk areas such as drone liability and network security, providing coverage for 16 low-altitude economy enterprises [5] - The core goal of the mutual insurance body is to address the insurance supply-demand mismatch in the low-altitude economy [5] Group 5: Challenges in Insurance Sector - The insurance sector faces challenges in product pricing and standardization, as current pricing models are based on historical data, which is insufficient for the diverse applications of drones [6][7] - There is a lack of standardized risk definitions and industry norms, complicating the formulation of insurance terms and claims processes [6][7] Group 6: Talent Development - The low-altitude economy requires professionals with expertise in aviation technology, insurance actuarial models, and risk management, but there is a shortage of such talent [7] - Educational institutions are encouraged to develop courses related to low-altitude economy insurance to foster a skilled workforce [7]

人保财险在去年7月份发布全国首个低空飞行器专属保险，并于今年5月份在广东发布全新全方位低空经 济保险服务体系。人保财险总公司产品精算部有关人士介绍，在"低空保"的基础上，全新全方位低空经 济保险服务体系创新开发了针对货物运输场景、停飞期间停放损失以及零部件延长保修责任等一系列产 品保障，从过去的保机身、保运营增加了保货物、保停放、保维修，构建了多场景、全生命周期风险保 障体系，进一步满足低空经济产业链的多元化保障需求。 平安产险董事长兼CEO龙泉表示，低空经济已经成为我国新质生产力发展的重要组成部分，正加速从单 一产业发展迈向产业融合促进的新阶段。据了解，平安产险针对低空经济不同场景、不同环节提供定制 化保险产品和服务，覆盖从大型通航机队到无人机的全场景保障方案。截至目前，平安产险累计承保超 15万架无人机，提供风险保障超过900亿元。 无人机空投外卖，医疗物资紧急转运，乡村农户无人机飞防……低空经济正加速释放增长动能。根据中 国民航局预测，今年低空经济市场规模有望突破1.5万亿元。与之相伴而生的，是各类技术风险、运行 风险、责任纠纷等新挑战。如何让飞起来的低空经济飞得更稳？一张覆盖飞行器、飞手、场地、货物、 ...

Core Viewpoint - The low-altitude economy is rapidly emerging as a new trillion-yuan industry, with innovations in insurance mechanisms becoming crucial for addressing risks associated with its development [1][6]. Group 1: Low-altitude Economy Development - The low-altitude economy is expanding from regional exploration to a national scale, with significant projects like drone delivery in rural areas and cross-province passenger flights during holidays [1]. - The development of low-altitude economy projects faces various uncertainties, making risk management essential for project success and corporate confidence [1]. Group 2: Insurance Innovations - Insurance innovations are being introduced across various regions to address the risk management needs of low-altitude economy projects, enhancing the overall security of these initiatives [1][2]. - The insurance solutions have evolved from simple policies to comprehensive risk management plans that cover all aspects of low-altitude flight operations [2][3]. Group 3: Commercial Applications - After successful test flights, low-altitude aircraft are moving towards commercial applications, serving diverse industries such as emergency rescue and industrial manufacturing [4][5]. - Companies like Zongheng Co. have established manufacturing bases for industrial drones, which are increasingly used in disaster response scenarios [4]. Group 4: Government and Local Initiatives - Local governments are recognizing the importance of insurance in the low-altitude economy and are actively exploring insurance solutions to meet emerging demands [6][7]. - Guangdong province has taken the lead in developing low-altitude economy insurance, launching the first dedicated insurance products to cover risks associated with low-altitude operations [6][7]. Group 5: Market Potential and Future Outlook - The demand for insurance in the low-altitude economy is expected to grow significantly, with projections indicating a market size of 8 to 10 billion yuan by 2035 [7]. - Collaboration among government, insurance companies, and enterprises is essential to build a robust insurance ecosystem that supports the low-altitude economy [7].