The Beijing Commercial Aerospace Insurance Pool has provided risk protection for over 25 private commercial aerospace launch projects, totaling over 10 billion yuan.

The Beijing Financial Regulatory Bureau learned that the first national commercial aerospace insurance co-insurance entity, the Beijing Commercial Aerospace Insurance Co-insurance Entity, has provided over 10 billion yuan in risk protection for 25 private commercial aerospace launch projects in the past year. The overall pricing and underwriting cycle has been shortened by 20%; it has provided insurance support for commercial aerospace launch projects outside of Beijing, with service capabilities covering the entire country. It has overcome underwriting difficulties and achieved a breakthrough in achieving zero launch risk for private commercial rocket maiden flight projects, escorting the rapid development of the commercial aerospace industry.