上海鼓励保险公司开发覆盖整个科技创新链条的产品   2026-09-16

 

Shanghai has released a policy document requesting local insurance companies to accelerate the creation of an insurance product service system covering the whole technological innovation chain and increase investment in venture capital, equity, and mergers and acquisitions to safeguard innovative tech firms.

 

The policy document, released by the Shanghai Financial Regulatory Bureau on Sept. 14, comprises 17 measures centered on technology finance professional capabilities, product and service systems, ecological mechanisms, and risk prevention and control for insurance companies.

 

It called for efforts to strengthen studies on the application of M&A insurance in the technology industry and experiment with M&A insurance in leading tech fields. Integrated circuits, biomedicine, and artificial intelligence are the three leading tech fields prioritized for development by the Shanghai Municipal People’s Government.

 

M&A insurance, also known as warranty and indemnity insurance, is an insurance product designed specifically for M&A transactions, aimed at protecting both the buyer and the seller. It covers losses caused by the seller’s breach of warranties.

 

With the new policy document, the insurance coverage for tech firms is extending from insuring research, development, and transformation to transactions, unlocking the entire risk protection chain of technological innovation from laboratory to industrialization, an insider from a property and casualty insurance company in Shanghai told Yicai.

 

M&A insurance is still in a relatively early stage of development in Asia, the insider said. M&As are complex, and demand for related risk management tools is becoming urgent because of strong enthusiasm for M&As and rapid technological evolution in leading industries, he added.

 

The launch and use of M&A insurance means that M&As and the introduction of technologies in the IC, biomedicine, and AI industries will have more suitable insurance tools. For Chinese technology companies accelerating their overseas expansion, a localized M&A insurance policy is both a risk cushion and an extra during bidding, as sellers often favor buyers with insurance, the insider noted.

 

The risks tech companies face during M&As, especially overseas ones, are relatively high, the insider explained. For example, the target may have problems such as unfinalized technology routes and fluctuating valuations. Moreover, cross-border transactions involve legal, tax, and compliance differences, and due diligence conducted before M&As generally cannot cover all risk exposures.

 

The policy document also required insurers to bear the main responsibility for risk prevention and control and carry out risk management in technology insurance. It supported them in diversifying major technological research risks through co-insurance and reinsurance, and studying and exploring the development of special risk-transfer tools to guide market-oriented capital to participate in risk diversification.

Source: Yicai Global

 

---