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Recently, through the collaborative efforts of multiple government departments, PICC Property and Casualty Company Limited, together with 18 other insurance providers, jointly rolled out the inaugural policy for Chongqing’s pilot program on mandatory liability insurance for unmanned aerial vehicles (UAVs). This policy offers a substantial risk coverage of RMB 42.6 million for a fleet of 194 drones, signifying the formal establishment of China’s pioneering mandatory liability insurance framework within the low-altitude economic sector, right here in Chongqing. Tailored specifically to address the challenges of low-altitude operations in the region, this innovative insurance product provides comprehensive protection against a wide array of risks inherent to low-altitude flight activities.
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