Core Viewpoint - The introduction of specialized insurance products by PICC Property and Casualty aims to support the commercialization of patents and mitigate risks associated with intellectual property, thereby fostering innovation and economic growth in line with national strategies [1][3][5]. Group 1: Insurance Products and Services - PICC Property and Casualty has launched the "Patent Implementation Failure Cost Loss Insurance" to address concerns about the commercialization of new materials and patents, allowing companies to proceed with confidence in mass production [1][3]. - The company has developed a comprehensive risk protection system covering the entire chain of intellectual property creation, utilization, and protection, with a focus on patent commercialization [1][3]. - New insurance products have been introduced in various cities, including "Patent Implementation Failure Cost Loss Insurance" and "Patent-Intensive Product Liability Insurance," tailored to the specific needs of enterprises based on extensive research [3][4]. Group 2: Support for Overseas Expansion - PICC Property and Casualty has created a "Going Global" insurance matrix, including the first national policies for overseas intellectual property rights protection, which cover legal fees, income loss, and liability risks [4]. - The company has launched insurance products aimed at addressing the challenges faced by Chinese enterprises in overseas intellectual property applications, enhancing their willingness to expand internationally [3][4]. Group 3: Innovation and Development - The company is actively building a new framework for intellectual property insurance development, with a focus on product innovation and collaboration with various stakeholders [5][7]. - As of November 2025, PICC Property and Casualty has provided over 190 billion yuan in risk protection for more than 60,000 intellectual property cases, demonstrating the effectiveness of its insurance offerings [7]. - The company aims to further enhance its intellectual property insurance products and services to support the creation, protection, and utilization of intellectual property, contributing to national technological self-reliance [7].