The country's first mandatory low-altitude economic sector liability insurance mechanism has been established in Chongqing.

Recently, under the overall coordination of the Development and Reform Commission of Chongqing, the Chongqing Financial Regulatory Bureau, and the Civil Aviation Administration Chongqing Supervision Bureau, PICC Property & Casualty Insurance Company, as the chief underwriter of the low-altitude economic co-insurance body, jointly with 18 insurance institutions, issued the first policy for the pilot implementation of mandatory insurance for unmanned aerial vehicles in Chongqing, providing 42.6 million yuan in risk protection for 194 drones of the Aerospace Technology Group Aerospace Era Low Altitude Technology Company. This marks the official establishment of the first mandatory insurance mechanism for liability insurance in the low-altitude economic field in Chongqing. The "Chongqing Unmanned Aerial Vehicle Third Party Liability Insurance" issued this time is a tailored insurance product specially designed for the low-altitude operating scenarios of Chongqing's "mega city + mountainous characteristics". The terms of the product include the unique risks of low-altitude flight such as mid-air collision, operational errors, sudden adverse weather conditions, loss of communication links, and spray or aerial operations in the coverage scope.