China's first AI product application insurance policy has been issued.

Recently, at the 5th Global Digital Trade Expo, PICC P&C officially launched "AI Tech Insurance," an artificial intelligence product application insurance, and completed the country's first policy signing, filling the gap in dedicated insurance for the AI product application segment in China. Directly addressing emerging risks in the AI industry, PICC P&C introduced "AI Tech Insurance" for AI product applications, responding to real pain points in the industry. The product focuses on AI large models, development platforms, and AI application service providers. It mainly covers economic losses such as adjustments, repairs, replacements, and service fee refunds caused by AI products failing to meet performance standards, while also including related derivative costs such as post-incident testing and appraisal, and transportation operations and maintenance within its coverage, providing tangible risk protection for AI enterprises.