Hexiang Insurance Brokers, a subsidiary of Yiren Digital, has launched innovative insurance solutions for China’s burgeoning low-altitude aviation sector. Developed in collaboration with Ping An Insurance and PICC, these products cater to commercial air operators in tourism, logistics, and urban air mobility. The initiative began in March 2025 with the issuance of the first policy to Xinjiang Tianying General Aviation, covering Robinson R44 helicopters for hull damage, liability claims, and professional errors and omissions. A subsequent contract in April insured an Airbus R66 with comprehensive coverage exceeding RMB 17 million.
Industry Recognition and Future Plans
Hexiang’s involvement in China’s aviation industry deepened in June 2025 when it became a council member of the Jiangsu Aviation Industry Association. This affiliation is expected to facilitate the development of tailored insurance solutions for various aviation assets. The company plans to continue innovating, particularly in insurance services for electric air taxis and drone-based logistics platforms, aligning with China’s evolving low-altitude aviation needs.
Challenges in Aviation Insurance
The development comes amid ongoing volatility in global aviation underwriting, as highlighted by Gallagher’s Q1 2025 ‘Plane Talking’ report. Despite available capacity, premium levels are under strain due to significant claims and rising attritional losses. The industry faces challenges including social inflation in court awards and unresolved risks from the Russia-Ukraine conflict. However, the general aviation market in Asia shows surplus capacity, potentially benefiting regional operators with broader terms and competitive pricing.
As the low-altitude aviation economy continues to grow, Hexiang’s innovative insurance products are poised to support this emerging sector while navigating the complexities of the global aviation insurance landscape.
