--- title: "Drones welcome their own compulsory insurance!" type: "News" locale: "en" url: "https://longbridge.com/en/news/280014617.md" description: "China's low-altitude economy sector has begun to take steps towards mandatory liability insurance. Chongqing has officially launched a pilot program for mandatory liability insurance for unmanned aerial vehicles, achieving its first policy breakthrough. PICC Property and Casualty Insurance, in collaboration with 18 insurance institutions, issued the first policy, providing RMB 42.6 million in risk coverage for 194 drones belonging to the Aerospace Science and Technology Corporation. This marks the formal establishment of the country's first mandatory liability insurance mechanism in the low-altitude economy sector in Chongqing, with the potential for nationwide promotion in the future" datetime: "2026-03-21T07:53:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280014617.md) - [en](https://longbridge.com/en/news/280014617.md) - [zh-HK](https://longbridge.com/zh-HK/news/280014617.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280014617.md) | [繁體中文](https://longbridge.com/zh-HK/news/280014617.md) # Drones welcome their own compulsory insurance! China's low-altitude economy sector has begun to take steps towards mandatory liability insurance. Recently, Chongqing officially launched a pilot program for mandatory liability insurance for unmanned aerial vehicles and achieved its first transaction breakthrough. Many regions have included "low-altitude economy" in their local 14th Five-Year Plans ### Related Stocks - [AHTHGC (000901.CN)](https://longbridge.com/en/quote/000901.CN.md) ## Related News & Research - [Interstellar Secures Biggest Financing in China’s Private Commercial Aerospace Industry](https://longbridge.com/en/news/275864338.md) - [Defence push quadruples with latest DAC approvals, execution to now be in focus](https://longbridge.com/en/news/281470473.md) - [Starfighters Space Delays Annual 10-K Filing](https://longbridge.com/en/news/281397627.md) - [US Army’s first new grenade since the Vietnam War uses shock waves to kill](https://longbridge.com/en/news/281492677.md) - [SpaceX has a Chinese rival and it is beating it to the stock market](https://longbridge.com/en/news/281310493.md)