https://en.people.cn/n3/2026/0303/c90000-20430591.html
Several Chinese government departments unveiled a guideline outlining 20 measures across six areas to accelerate the establishment of a sci-tech insurance system aligned with technological innovation, in a bid to bolster high-level self-reliance and strength in science and technology.
The guideline was jointly issued by the Ministry of Science and Technology (MOST), the National Financial Regulatory Administration (NFRA), the Ministry of Industry and Information Technology and the China National Intellectual Property Administration, according to a statement published on the MOST’s official website.
The guideline covers insurance support for major national sci-tech missions, technology-based small and medium-sized enterprises (SMEs), and key sectors, as well as improvements in sci-tech insurance products and services, the investment of insurance funds, and regulatory safeguards. The document calls for establishing a national coordination mechanism to advance insurance support for key technological breakthroughs. It also pledges to strengthen insurance services for strategic sci-tech forces and key regions, including the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area, which host international innovation centers.
Notably, the guideline places a strong focus on innovation in sci-tech insurance products and services, targeting frontier sectors such as artificial intelligence, integrated circuits, quantum technology and brain-computer interfaces, while optimizing product development, underwriting and claims services, specialized operations and the broader development ecosystem.
As of September 2025, China’s insurance sector had provided more than 10 trillion yuan ($1.39 trillion) in risk coverage for technology research, development and commercialization. Sustainable funding sources, sound actuarial models and long-term viability remain real tests. Insurers must be able to mitigate risks for tech firms while maintaining prudent operations and preserving and growing capital.