# insurance
Latest news and articles about insurance
Total: 3 articles found
Beijing Mandates 'Insure Before Take‑Off' for Drones — Liability Cover to Be Phased In by 2027
China has ordered the phased establishment of a mandatory liability insurance regime for unmanned aircraft, aiming for an initial system by 2027 and a comprehensive framework by 2030. The plan links insurance to flight approvals, promotes expanded insurance products across the drone value chain, and calls for a national data platform to support underwriting and supervision.
Ant’s AI Push Enters Life Insurance: Partnership with Tongfang Global Life to Rework Underwriting and Claims
Ant Data Technology and Tongfang Global Life have signed an agreement to deploy AI across life-insurance operations, combining Ant’s modelling and platform tools with Tongfang’s regulatory licence and balance sheet. The deal highlights both opportunities for faster, cheaper insurance services and the regulatory and consumer-protection challenges of algorithmic underwriting in China.
China’s Great Deposit Migration: Trillions of Yuan Search New Homes as Time Deposits Mature
A large portion of China’s household time deposits — estimated by some commentators at 90–120 trillion yuan — will mature over 2025–26, pushing savers to reallocate into banks, wealth-management products, insurance, mortgages and equities. The migration could deepen equity financing for strategic industries while raising financial-stability risks if funds concentrate in smaller banks or opaque vehicles.