Chongqing Low Altitude Economy Co-Insurance Body Established, First Launch of "Yuzhong Low Altitude Insurance" to Solve Difficulties in Insuring Emerging Industries.

On the morning of August 29th, the Chongqing Low Altitude Economy Co-Insurance Body was established and a project signing ceremony was held in Chongqing. During the meeting, 19 members of the co-insurance body signed cooperation agreements and completed project contracts with 16 units, with a total risk coverage amounting to 61.15 million yuan. According to the Chongqing Financial Regulatory Bureau, the purpose of this co-insurance body is to address the new types of risks facing enterprises in the low altitude economy industrial chain, the large insurance gap, and the mismatch between insurance supply and demand. By forming a professional co-insurance body and utilizing a risk-sharing mechanism, it aims to solve the insufficient risk protection supply for key areas such as engine production and manufacturing by single companies, injecting valuable stability and certainty into the cultivation of emerging industries. Journalists learned that "Yu Low Altitude Insurance" is the first batch of low altitude economy exclusive insurance products developed by the co-insurance body. This product focuses on providing protection for the low-altitude economy sector and continues the "Yu Ke Bao" technology insurance service system, covering aspects such as the transformation of technological research and development achievements, aviation product liability, unmanned aerial vehicle third-party liability, and network security. Currently, it has provided 61.15 million yuan in risk protection for 16 low altitude economy industry enterprises including Aerospace Age Low Altitude Company, Chongqing Zongshen Aerospace Company, Chongqing Tuohang Technology Company, and Guangdong Wan Hong Technology Company.