Yiren Digital's Hexiang Insurance Brokers Launched Innovative Insurance Products for Low-Altitude Economy

Rhea-AI Summary

Hexiang Insurance Brokers, a subsidiary of Yiren Digital (YRD), has launched specialized insurance products for China's low-altitude economy sector. The company has achieved several key milestones in 2025, including selling its first low-altitude aviation insurance policy to Xinjiang Tianying General Aviation in March, partnering with PICC for hull all-risks coverage and liability insurance. In April, Hexiang collaborated with Ping An Insurance to provide comprehensive helicopter insurance worth RMB17 million. The company was appointed as a Council Member of the Jiangsu Aviation Industry Association in June 2025, strengthening its position in the aviation industry. Hexiang plans to expand its insurance portfolio to include coverage for urban air mobility, commercial drone logistics, and AI-driven flight operations, positioning itself as a pioneer in this high-growth sector.

Positive

• Strategic partnerships established with major insurers Ping An Insurance and PICC
• Secured significant contracts including RMB17 million comprehensive helicopter insurance coverage
• Appointed as Council Member of Jiangsu Aviation Industry Association, strengthening industry position
• Early mover advantage in the rapidly expanding low-altitude economy sector

Negative

• None.

Insights

Insurance Industry Specialist

Hexiang's entry into low-altitude insurance represents strategic diversification into an emerging high-growth sector with limited competition.

Yiren Digital's insurance arm Hexiang is making a calculated move into an underserved but rapidly growing market niche - the low-altitude economy insurance sector in China. The strategic significance here isn't just about new products; it's about first-mover advantage in a sector poised for substantial growth.

Their partnerships with industry giants Ping An Insurance and PICC provide crucial credibility and risk-sharing capabilities for these specialized policies. The comprehensive coverage bundles they've developed - including hull coverage, liability insurance, and specialized extensions - demonstrate sophisticated product design tailored to this unique market.

The appointment to the Jiangsu Aviation Industry Association represents more than mere recognition - it provides privileged access to industry networks, regulatory insights, and customer acquisition channels that could prove invaluable for scaling operations in this specialized sector.

What's particularly noteworthy is Hexiang's forward-looking focus on urban air mobility and AI-driven flight operations, positioning them ahead of emerging trends in autonomous aerial vehicles and drone logistics. This anticipatory product development strategy could create significant competitive barriers against followers.

For investors, this initiative represents both revenue diversification and entry into a specialized insurance vertical with potentially higher margins due to limited competition and specialized risk assessment capabilities. The low-altitude economy represents a greenfield opportunity in China's insurance landscape where Hexiang appears to be establishing early leadership.

BEIJING, June 20, 2025 /PRNewswire/ -- Hexiang Insurance Brokers, the insurance brokerage arm of Yiren Digital, has successfully launched specialized insurance products targeting China's rapidly expanding low-altitude economy. The company has signed multiple contracts with enterprise aviation operators through innovative insurance solutions developed in partnership with Ping An Insurance and PICC.

This strategic initiative represents a significant step in Hexiang's expansion into China's emerging low-altitude economy, positioning the company as a pioneer in providing comprehensive insurance coverage solution for this high-growth sector.

Key Achievements in 2025

• March 2025: In partnership with PICC, Hexiang sold its first low altitude aviation insurance policy to Xinjiang Tianying General Aviation. This policy covers the company's commercial Robinson R44 helicopters and includes hull all-risks coverage, liability insurance, and errors & omissions extensions – all designed by Hexiang's specialized insurance team.
  
  
• April 2025: Hexiang, in collaboration with Ping An Insurance, signed an insurance contract for Hexiang's all-scenario helicopter insurance covering an Airbus R66. The product bundles aircraft hull coverage, crew liability, third-party liability, and passenger accident coverage, providing over RMB17 million in protection. The policy specially addresses the needs of low-altitude tourism operators and business commutes.
  
  
• June 2025: Hexiang is appointed as a Council Member of the Jiangsu Aviation Industry Association (JAIA), strengthening its position within the aviation industry ecosystem. The collaboration supports Hexiang's strategy to deliver value-added insurance products that meet the evolving needs of new economy sectors particularly low-altitude aviation economy. 
  
  Leveraging JAIA's aviation ecosystem, Hexiang aims to develop customized risk management products for civil aircraft operators, drone manufacturers, and general aviation companies – reinforcing its commitment to supporting industry growth through insurance innovation.

Low-altitude economy presents a substantial opportunity for insurance sector.  Hexiang is strategically positioned to capitalize on this trend through continued product innovation and market expansion. The company plans to further develop its insurance portfolio with specialized offerings for urban air mobility (including eVTOLs and air taxis), commercial drone logistics, and AI-driven flight operations.

Through these strategic initiatives, Hexiang Insurance Brokers continues to demonstrate commitment to supporting China's low-altitude economy development while establishing itself as the leading insurance provider in this sector.

About Yiren Digital

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in Asia. Our mission is to elevate customers' financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

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SOURCE Yiren Digital

FAQ

What new insurance products has Yiren Digital (YRD) launched through Hexiang Insurance Brokers?

Hexiang Insurance Brokers has launched specialized insurance products for the low-altitude economy, including hull all-risks coverage, liability insurance, and comprehensive helicopter insurance policies designed for aviation operators.

What is the value of the helicopter insurance coverage provided by Hexiang and Ping An Insurance?

The helicopter insurance coverage provided by Hexiang and Ping An Insurance is worth over RMB17 million, covering aircraft hull, crew liability, third-party liability, and passenger accident coverage.

What strategic partnerships has Hexiang Insurance Brokers formed in 2025?

Hexiang has formed partnerships with PICC and Ping An Insurance, and was appointed as a Council Member of the Jiangsu Aviation Industry Association (JAIA).

What are Hexiang Insurance Brokers' future plans for the low-altitude economy sector?

Hexiang plans to develop specialized insurance offerings for urban air mobility (including eVTOLs and air taxis), commercial drone logistics, and AI-driven flight operations.

Who was Hexiang's first low-altitude aviation insurance client?

Xinjiang Tianying General Aviation was Hexiang's first low-altitude aviation insurance client, receiving coverage for their commercial Robinson R44 helicopters in March 2025.