China has introduced a comprehensive set of 20 measures aimed at enhancing science and technology (sci-tech) insurance, reflecting Beijing’s commitment to strengthening technological self-reliance and innovation resilience, according to the state news agency Xinhua.
The guidelines were jointly issued by the Ministry of Science and Technology, the National Financial Regulatory Administration, the Ministry of Industry and Information Technology, and the China National Intellectual Property Administration. They outline a policy framework designed to facilitate a closer integration of insurance with technological innovation, ensuring that high-risk, high-reward projects receive adequate financial backing.
Sci-tech insurance has emerged as a pivotal instrument in mitigating the financial risks associated with cutting-edge technological development. Traditionally, the sector has helped companies absorb the high costs, long research cycles, and inherent uncertainties linked to innovation, particularly in fields such as artificial intelligence, biotechnology, and advanced manufacturing.
The newly announced measures aim to streamline access to insurance products, making them simpler, more affordable, and more transparent. They emphasise faster underwriting and claims processing, greater product flexibility, and a broader scope of coverage to encourage participation by small and medium-sized enterprises (SMEs), which often face challenges in obtaining risk protection for experimental projects.
Industry data illustrates the growing impact of sci-tech insurance in China. In 2025, the sector provided approximately $1.16 trillion in risk coverage, while premium income increased by 44% year-on-year, signalling a significant expansion in both demand and financial commitment.
Key Sci-Tech Insurance Data (2025)
| Metric | Value | Year-on-Year Change |
|---|---|---|
| Risk Coverage | $1.16 trillion | +44% |
| Premium Income | Not specified | +44% |
| Number of Policies | Growing | — |
| Targeted Sectors | AI, biotech, advanced manufacturing | — |
Experts suggest that the new policy framework could further catalyse innovation by providing a safety net that encourages companies to undertake bolder research initiatives. By aligning insurance mechanisms with technological goals, China hopes to create a more resilient ecosystem for high-tech enterprises, reduce financial barriers, and accelerate the commercialisation of emerging technologies.
The introduction of these measures also reflects broader strategic objectives to bolster domestic technological capacity and reduce reliance on foreign technology, particularly in strategically sensitive sectors.
Overall, the move marks a significant step in China’s ongoing effort to integrate financial tools with national innovation strategy, offering both risk mitigation and incentives for technological breakthroughs.