The country’s first optoelectronic information industry mutual insurance body was established in China’s Optics Valley

China News Service, Wuhan, November 13 (Lu Qi, Liao Shiwei) The World Optics Valley·Technology Insurance Investment Ecosystem Conference was held on the 13th in Wuhan East Lake High-tech Zone (also known as "China Optics Valley"). At the meeting, the country's first optoelectronic information industry mutual insurance body and Hubei Province's first biomedical industry mutual insurance body were announced, and the first batch of insurance policies were signed. The CSI Optics Valley Index was released simultaneously.

East Lake High-tech Zone is the core hosting place of Wuhan Regional Science and Technology Innovation Center. Its optoelectronic information industry leads the world, and its comprehensive strength of life and health industry ranks first in central China.

"Optics Valley's optoelectronic information and biopharmaceutical industries are concentrated, with high R&D investment intensity and risk density. The underwriting capacity of a single institution is limited. There is an urgent need to establish a risk-sharing mechanism with multi-party participation." said Yu Hang, the main person in charge of the Commercial Group Insurance Department of the People's Insurance Company of China (hereinafter referred to as "People's Insurance Company").

The optoelectronic information industry mutual insurance body is led by PICC Property and Casualty Insurance Co., Ltd. and jointly established with major property and casualty insurance companies and reinsurance institutions in the industry, focusing on emerging risks such as tape-out cost losses, equipment application, and quality liability. The Hubei biopharmaceutical industry mutual insurance industry co-insurance body is jointly established by PICC Property and Casualty Insurance Company and China Life Property and Casualty Insurance Co., Ltd., covering the entire chain of "new drug research and development - clinical trials - marketing promotion - production and distribution".

"The two major co-insurance entities are not limited to simple risk sharing, but are moving from risk sharing to ecological co-construction." Yu Hang introduced that the co-insurance entities have gathered industry strength to break through the risk tolerance limits of a single institution; develop exclusive products and formulate risk assessment standards to solve the pricing problem of "unafraid to insure" insurance; improve the insurability of risks in each link of "basic research - applied research - industrialization" to solve the problem of unconventional risk protection.

In recent years, the East Lake High-tech Zone has built the country's first national-level science and technology insurance innovation demonstration zone with high standards. The district has joined forces with leading insurance institutions to establish the country's first science and technology insurance development promotion center and two major industrial co-insurance bodies to share the investment risks of science and technology innovation enterprises. Data shows that from 2021 to 2025, East Lake High-tech Zone’s technology insurance premium income was 1.395 billion yuan. By the end of 2025, it had provided a total of 2.45 trillion yuan in risk protection for technology companies, and 16 of the country’s and province’s first technology insurance products had been launched here.

On the same day, CSI Index Co., Ltd. officially released the CSI Optics Valley Index. The index takes listed companies in Wuhan East Lake New Technology Development Zone as a sample, and includes the first batch of 33 listed companies, which reflects the overall market performance of Optics Valley listed companies.

Currently, the East Lake High-tech Zone has brought together more than 1,100 science and technology financial institutions, striving to build a science and technology financial ecosystem that "pilots" equity investment, "aids navigation" in debt financing, "escorts" science and technology insurance, and "long voyages" through listing cultivation. (over)