Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD, together with PICC Property & Casualty Insurance Shaanxi Branch, launched aerospace industry chain R&D insurance program.

Under the careful guidance and promotion of the Shaanxi Provincial Financial Office and the Shaanxi Regulatory Bureau of the State Financial Supervision and Administration Bureau, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD (hereinafter referred to as "Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD") and the Shaanxi Branch of the People's Insurance Company of China (hereinafter referred to as "PICC Shaanxi Branch") recently reached a deep and innovative cooperation to implement R&D insurance for satellite R&D projects. This is also a policy-based insurance product in Shaanxi Province—"Qin Ke R&D Insurance"Key practical applications in the commercial space industry."

The newly launched "Qin Science and Technology R&D Insurance" relies on the policy guidance and risk protection function of "Qin Science and Technology Insurance," while also leveraging the think tank support of the PICC Science and Technology Achievement and Intellectual Property Appraisal and Evaluation Center. The insurance plan focuses on...Commercial SpaceflightTo address the risks and shortcomings in the early research and development phase of the project, and in response to key aspects such as the development of the Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD hyperspectral remote sensing satellite and the tackling of core aerospace payload technologies, a full-chain insurance guarantee system has been established, covering research and development, trial production, ground testing, factory delivery and transportation to launch preparation. This system provides a full-process risk barrier for the company to carry out cutting-edge technology research.

Domestic commercial space insurance has already seen some initial exploration, but it mainly focuses on the back-end stages such as rocket launches and satellite on-orbit operations. For example, Beijing Yizhuang has created a typical case of commercial space launch insurance, through the establishment of an insurance company...Cooperative bodyInnovate the insurance participation model, focusing on providing risk protection for back-end processes such as rocket launches.

In contrast, the early research stages of commercial satellites, such as prototype development, ground testing, and iteration of core components, have long suffered from a lack of support due to high costs and significant risks of technological trial and error. As a result, commercial satellite manufacturing and operation companies struggle to afford high insurance premiums, while insurance institutions are unwilling to undertake related business due to the uncertainty of risks, severely hindering the pace of cutting-edge technology exploration.

On December 31, 2025, with the implementation of the "Shaanxi Province Science and Technology Insurance 'Qin Ke Bao' Pilot Program," this predicament was effectively resolved. According to the "Pilot Program,"Qin Kebao"We have innovatively launched two products: 'Qin Science Popularization Benefit Insurance' and 'Qin Science and Technology R&D Insurance.' Among them, 'Qin Science and Technology R&D Insurance' focuses on protecting against the risks of project delays and failures in scientific and technological R&D activities. In addition, the 'Pilot Program' establishes a premium subsidy mechanism for 'Qin Science and Technology Insurance,' providing subsidies of over 70% of the first-year premium for eligible technology companies, effectively reducing the insurance burden on enterprises and accelerating the development of the technology insurance market."

The "Qinke R&D Support" program, which was launched this time, comprehensively covers all R&D scenarios, including the trial production of core aerospace components, ground-based integration and debugging of the entire satellite, environmental simulation tests, verification of key algorithms, damage to prototypes, disruption of the R&D supply chain, and test accidents. It not only accurately fills the support gap in the field of pre-development of commercial aerospace, but also effectively hedges the operational risks of the entire industrial chain of enterprises, eliminating their worries about focusing on tackling core technologies and boldly carrying out innovative experiments.

This innovative collaboration represents a significant step for CAS Xiguang Aerospace in its commitment to the commercial aerospace sector and its dedication to independent technological innovation. Leveraging local financial policy support, CAS Xiguang Aerospace utilizes professional insurance tools to mitigate R&D risks, fully commits to tackling key technologies in commercial aerospace, and contributes to the steady development of the regional commercial aerospace industry chain.

Going forward, with continued support from financial regulators and policies, both parties will continue to innovate insurance products in emerging sectors such as satellite internet, commercial aerospace applications, and deep space exploration, accelerating the formation of a replicable and scalable commercial aerospace R&D insurance model. Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD will also leverage financial empowerment to continuously increase R&D investment, accelerate technological iteration, and fully promote the development of my country's commercial aerospace industry towards large-scale and high-quality development, helping Shaanxi Province become a national innovation hub for the commercial aerospace industry.