#China #Beijing #Yiren Digital #Hexiang Insurance #PICC

Introduction

In recent years, the low-altitude economy has been rapidly evolving, particularly in China, where innovative technologies and services are reshaping industries. At the forefront of this change is Hexiang Insurance Brokers, the insurance arm of Yiren Digital. Established to cater specifically to the unique requirements emerging from this sector, Hexiang has rolled out an exciting range of specialized insurance products aimed at the expanding low-altitude economy. With partnerships with industry giants like Ping An Insurance and PICC, Hexiang demonstrates a commitment to providing comprehensive insurance solutions that address the specific needs of aviation operators.

Key Developments in Hexiang Insurance

As of March 2025, a pivotal moment for Hexiang occurred when they secured their first low-altitude aviation insurance policy. This groundbreaking policy was sold to Xinjiang Tianying General Aviation, covering their commercial fleet of Robinson R44 helicopters. The policy is noteworthy for its extensive coverage, which includes hull all-risks, liability insurance, and critical errors and omissions extensions. This launch exemplifies Hexiang's strategic focus on delivering tailored solutions designed by their specialized team of insurance professionals dedicated to the aviation sector.

In April of the same year, Hexiang took another significant step by launching the all-scenario helicopter insurance in collaboration with Ping An Insurance, covering an impressive Airbus R66. This service combines various essential components such as aircraft hull coverage, crew liability, third-party liability, and passenger accident protection, offering a total coverage exceeding RMB 17 million. This initiative is particularly tailored for low-altitude tourism businesses and commuting operations, which are gaining traction as more consumers look for convenient transportation options.

In June 2025, Hexiang solidified its standing in the aviation community by being appointed as a Council Member of the Jiangsu Aviation Industry Association (JAIA). This appointment is a testament to the company's proactive engagement with industry stakeholders and their drive to fulfill the evolving insurance needs of various economy sectors. By leveraging JAIA's extensive network, Hexiang is poised to create unique risk management solutions for civil aircraft operators, drone manufacturers, and general aviation companies. This collaboration not only strengthens their industry ties but showcases their dedication to enhancing the insurance landscape for the low-altitude economy.

The Promising Future of the Low-Altitude Economy

The low-altitude economy presents a robust growth opportunity, not just for Hexiang Insurance but for the entire insurance sector as well. With the demand for low-altitude solutions on the rise, Hexiang is strategically positioned to leverage this trend through continual product innovation and market expansion. The company has ambitious plans for the future, including the development of specialized insurance provisions for urban air mobility projects, which encompass electric vertical take-off and landing (eVTOL) vehicles and air taxis, as well as commercial drone logistics and AI-powered flight operations.

Conclusion

In conclusion, Hexiang Insurance Brokers is making remarkable strides in the insurance industry by supporting the growth of China's low-altitude economy. Through innovative insurance products and strategic partnerships, Hexiang is setting a high standard in the insurance market, ensuring comprehensive coverage that caters to the unique challenges of this high-growth sector. As the landscape continues to evolve, Hexiang remains committed to establishing itself as the leading insurance provider, fortifying its reputation through enhanced service offerings and evolving risk management strategies. Yiren Digital's vision for a more interconnected and robust economic framework is firmly underscored by Hexiang's pioneering efforts, setting the stage for sustained growth and innovation in the years ahead.